683 Capital Management, LLC

683 Capital Management, LLC, established in May 2006 and registered as an SEC investment adviser in February 2012, specializes in generating long-term risk-adjusted returns through fundamental research. With approximately $2.2 billion under management, the firm offers discretionary services to two clients: 683 Capital Partners, LP, and 683 Capital Partners Offshore, Ltd. Fees are asset-based and include a management fee and an incentive allocation based on net profits. The firm may use leverage and focuses on investments in various securities, primarily in English-speaking countries. Investment strategies include analyzing financial documents, modeling, and assessing company assets. Clients include pension funds, foundations, and high-net-worth individuals. The firm discloses potential risks such as short sales, leverage, lack of diversification, and cybersecurity threats. 683 Capital ensures best execution in brokerage practices and votes proxies in clients' best interests. The firm maintains custody of client assets and has no disciplinary events in the past decade. Clients receive annual financial statements and performance reports. The firm's code of ethics emphasizes integrity and conflict of interest disclosure. 683 Capital does not compensate placement agents and may aggregate client orders for fair trade allocation. The firm votes proxies and maintains financial stability.