Telemark Asset Management, LLC

Telemark Asset Management, LLC is an SEC-registered investment adviser established in 2003, specializing in providing investment advisory services to one private fund, Telemark Fund, LP. The firm, owned by Colin S. McNay, manages $1,099,097,904 of regulatory assets under management on a discretionary basis as of December 31, 2024. Telemark charges a quarterly management fee of 0.25% of each limited partner's capital balance in the Fund. The Fund generally requires a minimum investment of $1,000,000. Investment strategies include long and short equity positions, with a focus on long-term performance and potential short-term volatility. Risks include leverage, concentration, liquidity, non-U.S. investing, derivatives, and short sales. Telemark's brokerage practices prioritize best execution and may pay higher commissions for valuable research services. The firm has a Code of Ethics outlining business conduct standards and fiduciary obligations. Telemark has discretion to manage client accounts within the Fund's established restrictions. The firm votes proxies on behalf of the Fund to promote long-term economic value, generally aligning with management recommendations. Clients receive regular investment updates and financial statements. Telemark does not participate in client referrals or receive compensation for the sale of securities.