Torshen Capital Management, LLC

Torshen Capital Management, LLC is a registered investment adviser based in Chicago, Illinois, established in August 1998 by founder Kay Torshen. The firm specializes in providing investment management services to individuals, high net worth individuals, trusts, family offices, foundations, endowments, and institutional investors. Torshen Capital employs a proprietary "Option Strategy" focused on generating risk-adjusted returns through investments in long options and option spreads traded on the Chicago Board Options Exchange. Clients are required to invest a minimum of $1,000,000, and the firm charges a management fee of 2% of the market value of assets in each account, payable quarterly in advance. Torshen Capital does not charge management fees to affiliated accounts. Clients are responsible for transaction charges, custody fees, and other account expenses. The firm does not charge performance-based fees and operates on a discretionary basis, managing client accounts through a power of attorney. Torshen Capital conducts extensive analysis to develop and maintain its Option Strategy, utilizing a proprietary database and analytics. Clients receive quarterly reports on their account status, and the firm does not vote on client securities proxies. Torshen Capital does not have custody of client assets under the Investment Advisers Act of 1940, as all accounts are held by "control persons" or their family members. The firm has no disciplinary history and does not engage in soft dollar benefits.