Philosophy Capital Management LLC

Philosophy Capital Management LLC, established in April 2020, is a Delaware-based firm specializing in discretionary investment advice for private funds and separately managed accounts. Led by Jacob Rubin, the firm manages assets totaling approximately $1.57 billion as of December 31, 2024. Philosophy's investment strategy focuses on value-oriented securities, event-driven/distressed assets, and short selling. The firm's philosophy includes a risk-oriented approach targeting mispriced securities. Clients, including high net worth individuals and institutional investors, are required to invest a minimum of $5 million in the Philosophy Funds. The fee structure varies based on the type of client account, with management fees paid quarterly in advance. Performance-based fees are also applicable to certain client accounts. Philosophy operates as a registered investment adviser, acting in a fiduciary capacity. The firm's investment discretion is limited by client-specific objectives and restrictions outlined in governing documents. Clients receive regular performance reports and have access to detailed financial statements. Philosophy's brokerage practices prioritize best execution and may involve soft dollar arrangements for research services. The firm's code of ethics ensures compliance with fiduciary obligations and securities laws, with strict personal trading policies in place. Additionally, Philosophy may engage in cross-trades and proxy voting on behalf of client securities. Overall, Philosophy aims to provide transparent and competitive investment services while managing potential conflicts of interest effectively.