Neo Ivy Capital Management, LLC

Neo Ivy Capital Management, LLC, established in February 2015, is a New York-based investment adviser specializing in providing investment management services to pooled investment vehicles for qualified investors. Managed by Renee Yao, the firm has discretionary trading authority over assets in various funds, including the Neo Ivy Capital Fund and the Neo Ivy Capital Offshore Fund. The firm's investment strategy focuses on systematic trading strategies, particularly statistical arbitrage using quantitative techniques. Clients may invest in these funds with a minimum initial investment detailed in the offering documents. Fees range from 1.5% to 2.00% annually, with performance-based fees of 15% to 20%. Neo Ivy may use soft dollars for research and brokerage services, aiming to obtain best execution for clients. The firm exercises investment discretion, selecting securities and executing transactions on behalf of clients. While generally not voting proxies due to high turnover, Neo Ivy may vote if deemed in clients' best interests. The firm maintains custody of client assets, complying with the Custody Rule, and continuously reviews and monitors client portfolios to ensure alignment with investment objectives. Neo Ivy's Code of Ethics emphasizes ethical conduct, compliance with securities laws, and prevention of misuse of material non-public information. The firm does not receive compensation for client referrals and has no disciplinary history.