Sandia Investment Managment Lp

Sandia Investment Management LP is a Delaware limited partnership established in 2020 by Timothy J. Sichler. The firm serves as an investment adviser to a private pooled investment vehicle and separately managed institutional accounts. Sandia also acts as a sub-advisor to private investment funds managed by other advisors. The firm does not tailor its services to individual investors but follows the investment objectives and guidelines outlined in the Offering Documents. As of December 31, 2024, Sandia had approximately $562.7 million in discretionary Regulatory Assets Under Management and $19.01 million in non-discretionary Regulatory Assets Under Management. Sandia charges asset-based management fees to clients, with fees for separately managed accounts and sub-advised funds individually negotiated. The firm does not receive management fees in advance and does not participate in wrap fee programs. Sandia may receive performance-based fees based on a percentage of positive net capital appreciation for its clients. The firm's investment strategy focuses on participating in ECM transactions, optimizing after-market trading opportunities, and investing in SPAC equities, units, and warrants. Sandia aims to produce excess returns with low correlation to market indices and maximize risk-adjusted returns while preserving capital. Clients should be prepared for the risks associated with equity securities, high portfolio turnover, IPOs, and global economic factors. Sandia does not have any disciplinary events to disclose and does not recommend securities for clients that it buys or sells for its own account simultaneously. Sandia emphasizes a fiduciary duty to prioritize clients' interests and maintains a Code of Ethics for employees. The firm does not permit directed brokerage and monitors client investments continuously, providing periodic performance updates. Sandia does not have custody of client funds or securities and urges clients to review custodial statements for discrepancies. The firm has investment discretion over clients' assets, making decisions based on individual investment objectives and guidelines. Sandia handles voting decisions related to client securities and has no adverse financial conditions that would impair its ability to meet client commitments.