Systima Capital Management

**SYSTIMA CAPITAL MANAGEMENT LLC** **Background and Expertise:** Established in 2011, Systima Capital Management LLC, based in Chicago, IL, is a registered investment adviser specializing in providing discretionary investment advisory services to separately managed account clients and managing pooled private investment funds. The firm is owned by Mr. John Varones, its founder and CEO. **Consumer-Facing Terms:** - **Minimum Initial Investment:** Not specified. - **Fee Structure:** Clients pay a quarterly or monthly Management Fee and may also pay Performance Fees or acquisition fees based on the Governing Documents. - **Fiduciary Status:** The Adviser acts in the best interests of its Clients. - **Investment Discretion:** The Adviser has full investment discretion for separately managed accounts and appoints a custodian for managed funds. - **Investment Strategy:** Focuses on housing-related securities, mortgage-backed debt instruments, and real estate investments. - **Methods of Analysis:** Empirical and historical analysis, multi-disciplinary approach, creative structuring, and hands-on asset management. - **Advisory Business Description:** Provides services in accordance with investment management agreements, engagement letters, and other governing documents with Clients. **Investment Philosophy:** Systima Capital Management LLC aims to capitalize on specialized housing and mortgage markets to deliver attractive risk-adjusted returns for institutional investors. The firm integrates responsible investing principles into its decision-making process to support financial success and community impact. This summary is based on the information provided in the firm's brochure as of March 2025. For more details, individuals are encouraged to contact Systima Capital Management LLC directly.