Spark Investment Management LLC

Spark Investment Management LLC, established in January 2012, manages assets in pooled investment vehicles with $417,692,163 under discretionary management as of December 31, 2024. The firm charges an asset-based fee of up to 0.5% quarterly and an annual incentive allocation of 20% or more of client profits. Clients also bear additional costs such as standard buying, holding, and selling expenses. Spark employs various investment strategies, including equities, fixed income, derivatives, and leverage, with a focus on outperforming the risk-free rate. The firm's methods involve statistical forecasting, trend following, and fundamental analysis, among others. Clients should be aware of risks such as correlation, concentration, illiquidity, and leverage. Spark does not engage in principal transactions and receives research reports from brokers. The firm has custody of client assets and maintains compliance with custody rules. Spark has discretionary authority over client accounts and votes on client securities when deemed beneficial. The firm has no disciplinary events and does not solicit prepayment of fees. Clients can request Spark's Code of Ethics and proxy voting policies for further information.