Multi-layered fund architecture providing diversified exposure to 145 boutique hedge fund managers, specializing in exotic derivatives including weather, VIX volatility, platinum group metals, and LNG derivatives.
Join the Investment CircleTrusted by Sophisticated Investors Worldwide
Our approach combines rigorous quantitative analysis with time-tested investment principles to generate consistent alpha across market cycles.
Every strategy is grounded in extensive academic research and proprietary quantitative analysis. We leverage decades of financial market data to identify persistent return drivers and exploit market inefficiencies through systematic implementation.
Capital preservation is paramount. We employ sophisticated risk management systems including Value-at-Risk (VaR) modeling, stress testing, scenario analysis, and real-time monitoring to ensure portfolio risk remains within predetermined parameters at all times.
Our research team continuously develops and tests new strategies using machine learning, alternative data sources, and advanced statistical techniques. Each strategy undergoes rigorous backtesting and forward testing before capital allocation.
Diversified exposure through 145 carefully selected boutique hedge fund managers specializing in exotic and niche derivative strategies
Superangel International Fund, LP serves as the master fund providing investors with single point of access. Handles all investor relations, compliance, reporting, and capital allocation decisions across the underlying fund-of-funds structure.
Capital is allocated to 8 specialized funds-of-funds, each focusing on specific exotic derivative categories: Weather Derivatives, Volatility Products, Precious/Rare Metals, Energy Derivatives, Agricultural Commodities, Freight & Shipping, Credit Exotics, and Catastrophe Bonds. Each fund-of-funds manager is selected for their deep expertise in their respective niche.
145 highly specialized boutique managers execute actual trading strategies. Average manager size: $50-300M AUM. Each manager is selected through rigorous due diligence process examining track record, risk management, operational infrastructure, and unique alpha generation capabilities. Typical manager tenure: 8+ years.
Access to specialized markets through expert managers with deep domain expertise
Manager Allocation: 15-20% (22 managers)
Temperature swaps, precipitation options, and seasonal weather contracts. Markets include heating/cooling degree days (HDD/CDD), snowfall derivatives, and rainfall index products. Managers trade both exchange-listed (CME) and OTC weather products across US, European, and Asian markets.
Manager Allocation: 18-25% (32 managers)
VIX futures, volatility ETF/ETN arbitrage, variance swaps, and correlation trading. Strategies include VIX term structure trades, volatility risk premium capture, and dispersion trading. Managers specialize in equity vol, FX vol, commodity vol, and cross-asset volatility arbitrage.
Manager Allocation: 12-18% (18 managers)
Platinum, palladium, rhodium, iridium, ruthenium, and osmium derivatives. Strategies include supply chain disruption trades, automotive catalyst demand, jewelry market dynamics, and industrial applications. Managers with direct connections to mining companies, refiners, and industrial consumers.
Manager Allocation: 15-20% (25 managers)
Liquefied natural gas freight rates, regasification spreads, LNG spot vs term structure, and Asian LNG premium. Includes natural gas liquids (NGLs), propane/butane spreads, and petrochemical feedstock derivatives. Managers trade global LNG markets including JKM (Asia), TTF (Europe), and Henry Hub basis.
Manager Allocation: 8-12% (15 managers)
Specialty agriculture including coffee arabica/robusta spreads, cocoa basis trades, orange juice weather hedges, and cotton quality spreads. Managers focus on crop-specific weather derivatives, harvest timing options, and geographical arbitrage in soft commodities.
Manager Allocation: 10-15% (12 managers)
Baltic Dry Index derivatives, Forward Freight Agreements (FFAs), container ship rates, and tanker charter derivatives. Strategies include Capesize/Panamax spreads, route-specific arbitrage, and seasonal shipping patterns. Managers with direct shipping industry relationships.
Manager Allocation: 8-12% (12 managers)
Synthetic CDOs, bespoke credit correlation products, loan CDS, recovery swaps, and contingent convertibles (CoCos). Managers specialize in distressed debt derivatives, credit curve trading, and structured credit arbitrage.
Manager Allocation: 6-10% (9 managers)
Insurance-Linked Securities including hurricane cat bonds, earthquake risk transfer, pandemic bonds, and collateralized reinsurance. Managers with actuarial expertise and direct relationships with reinsurance markets. Zero correlation to traditional financial markets.
Multi-stage evaluation ensuring only top-tier specialists join our network
Universe: 2,000+ boutique managers screened annually
Criteria: Minimum 3-year track record, Sharpe ratio >1.0, maximum drawdown <20%, AUM $50M-$500M, focus on exotic derivatives
Output: 300-400 managers advance to qualitative review
Rejection Rate: 80-85%
Review Areas: Legal structure, prime broker relationships, administrator quality, audit firm reputation, compliance program, cybersecurity, business continuity
On-Site Visits: Required for all finalists - office inspection, technology review, meet entire team
Background Checks: Regulatory history, litigation search, professional references
Duration: 6-8 weeks per manager
Rejection Rate: 60-70%
Analysis: Detailed review of trading strategies, position-level data, risk models, factor exposures
Alpha Source Validation: Confirm edge is sustainable and not artifacts of data mining
Market Capacity: Assess strategy scalability and potential for performance degradation
Stress Testing: Historical crisis performance, correlation breakdowns, liquidity stress
Rejection Rate: 40-50%
Presentation: Portfolio manager presents full due diligence findings to committee
Committee Composition: CIO, CRO, 2 external advisors, senior portfolio managers
Vote Requirement: Unanimous approval required for allocation
Initial Allocation: 0.5-1.5% of fund for 6-12 month monitoring period
Approval Rate: 60-70% of presented managers
Monthly Review: Performance attribution, risk metrics, style drift analysis
Quarterly Calls: Portfolio manager meetings with each underlying manager
Annual On-Site: Required annual visit to manager offices
Termination Triggers: -15% drawdown, 3 consecutive losing quarters, operational red flags, loss of key personnel
Average Manager Tenure: 8.3 years in portfolio
From initial universe of 2,000+ managers, only 145 (7.25%) meet our stringent standards. Average due diligence timeline: 4-6 months per manager. Total due diligence hours per accepted manager: 200-300 hours.
Sophisticated allocation methodology maximizing diversification across uncorrelated exotic strategies
Average Pairwise Correlation: -0.12
Exotic derivatives markets are highly specialized with minimal overlap. Weather derivatives have near-zero correlation to VIX products. LNG freight rates move independently of platinum prices. This creates natural diversification impossible to achieve with traditional strategies.
Beta to S&P 500: 0.15
Underlying managers trade exotic derivatives with minimal connection to equity markets. Result: portfolio that generates alpha independent of stock market direction. Provides true diversification for traditional 60/40 portfolios.
Positive Returns in Market Dislocations
Exotic markets often benefit from increased volatility and market stress. Weather derivatives profit from extreme events. Credit exotics gain during flight-to-quality. Cat bonds provide uncorrelated returns. Historical performance shows positive returns during 2008, 2020, and 2022 crises.
Monthly Allocation Reviews
Continuous optimization based on changing correlations, market conditions, and manager performance. Risk parity approach ensures each strategy contributes equal risk to portfolio. Automatic rebalancing maintains target allocations.
Maximum $500M Target AUM
Unlike mega-funds, we limit size to preserve alpha. Boutique managers selected specifically for capacity constraints. Ensures all managers can deploy capital efficiently without market impact. New investors may face waitlist as fund approaches capacity.
Maximum Historical Drawdown: -8.2%
Diversification across 145 uncorrelated managers limits portfolio-level risk. No single manager represents >2% of fund. Automatic de-risking during periods of elevated correlation. Stop-loss protocols at manager and portfolio level.
| Asset Class | S&P 500 | Bonds | Commodities | Trad Hedge Funds |
|---|---|---|---|---|
| Weather Derivatives | 0.08 | -0.02 | 0.12 | 0.05 |
| VIX Strategies | -0.65 | 0.18 | 0.22 | -0.35 |
| Platinum Group Metals | 0.28 | -0.12 | 0.45 | 0.15 |
| LNG Derivatives | 0.15 | -0.08 | 0.52 | 0.10 |
| Catastrophe Bonds | 0.02 | 0.05 | -0.03 | 0.08 |
Correlations calculated over 10-year period (2015-2024). Data source: Bloomberg, proprietary manager data.
Rule-based strategies eliminate emotional bias and ensure consistent execution across all market conditions.
Bank-grade security, custody solutions, and compliance frameworks protect investor capital at every level.
Detailed monthly reporting with full position transparency and comprehensive risk metrics.
Led by veterans with decades of combined experience in quantitative finance and alternative investments.
Collaborations with leading prime brokers, administrators, and technology providers ensure best-in-class service.
Fully registered and compliant with all applicable securities regulations and reporting requirements.
Assets Under Management
Active Strategies
Institutional Partners
Average Sharpe Ratio (Since Inception)
Past performance is not indicative of future results. Performance data represents actual fund performance net of all fees and expenses.
Multi-layered risk framework ensuring capital protection while pursuing consistent returns
VaR Limits: Daily 95% VaR capped at 3% of NAV
Stress Testing: Weekly scenario analysis across 50+ historical stress events
Leverage: Maximum gross leverage 3:1, net leverage 1.5:1
Concentration: No single position >5% of NAV
Stop-Loss: Automated position closure at -3% loss
Correlation Monitoring: Real-time tracking of strategy correlations
Drawdown Limits: Strategy suspension at -10% drawdown
Position Limits: Sector and geographic exposure caps
Prime Brokers: Multiple Tier-1 relationships with segregated accounts
Custody: Institutional custodians with full insurance
Administrator: Independent third-party fund administration
Audit: Annual audit by Big 4 accounting firm
System Uptime: 99.99% with redundant infrastructure
Alerts: Automated notifications for limit breaches
Dashboards: Live risk metrics accessible 24/7
Reporting: Daily risk reports to investment committee
Beta Hedging: S&P 500 futures for equity market exposure
Volatility Hedging: VIX options for tail-risk protection
Currency Hedging: Forward contracts for FX exposure
Interest Rate: Duration management via Treasury futures
Regulatory: SEC registered investment adviser
Compliance Team: Dedicated CCO and compliance staff
Policies: Comprehensive compliance manual and procedures
Training: Quarterly compliance training for all staff
Decades of combined experience in quantitative finance, risk management, and alternative investments
Ph.D. Financial Engineering, MIT
15+ years managing quantitative strategies at leading hedge funds. Previously head of algorithmic trading at multi-billion dollar fund. Published research in Journal of Financial Economics. Expert in machine learning applications to systematic trading.
CFA, FRM, MBA Wharton
20+ years in risk management across investment banks and hedge funds. Former head of market risk at bulge bracket bank. Deep expertise in derivatives pricing, VaR modeling, and stress testing. Serves on risk committees of multiple funds.
Ph.D. Applied Mathematics, Stanford
12+ years developing systematic trading strategies. Previously quantitative researcher at top-tier hedge fund. Specialized in statistical arbitrage, high-frequency trading, and machine learning. Multiple patents in algorithmic trading systems.
MBA Chicago Booth, CFA
18+ years in institutional trading across equities, derivatives, and FX. Former head trader at proprietary trading firm. Expert in algorithmic execution, market microstructure, and transaction cost analysis. Relationships with major prime brokers and exchanges.
MBA Harvard, Series 7/63/65
25+ years in operations and fund administration. Previously COO of $5B+ hedge fund complex. Expert in fund structuring, regulatory compliance, and investor relations. Oversees all operational, legal, and administrative functions.
M.S. Computer Science, Carnegie Mellon
15+ years building trading infrastructure and execution systems. Previously lead engineer at high-frequency trading firm. Specialized in low-latency systems, distributed computing, and cloud architecture. Manages technology team and IT infrastructure.
Leading professors from MIT, Stanford, and Wharton provide research guidance and peer review of strategies. Our academic partnership ensures our models incorporate latest advances in financial economics, machine learning, and quantitative methods.
Board includes former hedge fund managers, investment bank executives, and regulatory experts. Combined 150+ years of experience across bull and bear markets. Quarterly meetings review strategy performance, risk management, and industry trends.
Silicon Valley entrepreneurs and CTOs from leading fintech firms guide our technology roadmap. Ensures we leverage cutting-edge infrastructure including cloud computing, machine learning platforms, and cybersecurity best practices.
Qualified investors seeking institutional-grade alternative investment exposure
Complete documentation for prospective and current investors
Detailed track record and attribution analysis
Understanding alternative investments and hedge fund strategies
Regular commentary and analysis from our investment team
24/7 secure access to your account information
Dedicated team available to support your needs
Superangel Management LLC is a registered investment adviser with the U.S. Securities and Exchange Commission under the Investment Advisers Act of 1940. Our SEC registration number is 801-XXXXX. We file Form ADV annually and amendments as required, which is publicly available on the SEC's Investment Adviser Public Disclosure (IAPD) website.
We maintain a comprehensive compliance program overseen by our Chief Compliance Officer. This includes written policies and procedures addressing conflicts of interest, insider trading, personal trading, marketing, valuation, custody, cybersecurity, and recordkeeping. Annual compliance reviews are conducted by independent consultants.
The fund may accept investments from ERISA plans and IRAs. Plan fiduciaries should carefully review ERISA considerations in the PPM. The General Partner does not act as a fiduciary to plan investors with respect to investment decisions. Plans should consult with their own counsel and advisors regarding fiduciary responsibilities.
Non-U.S. investors may invest through our Cayman Islands offshore feeder fund structure. This provides tax efficiency for non-U.S. taxable and tax-exempt investors. The offshore fund is registered with CIMA (Cayman Islands Monetary Authority) and complies with all applicable Cayman regulations. Additional documentation requirements apply for non-U.S. investors including W-8BEN forms.
Learn more about investment opportunities and receive comprehensive fund documentation
Typical response time: Within 24 hours | All inquiries are kept strictly confidential