Zeno Research, LLC

Zeno Research, LLC is a registered investment adviser based in New York City, providing discretionary investment advisory services to private investment funds focusing on the technology, media, and telecom sector. Founded in 2019 by Felix Wai, the firm manages $169,581,674 in discretionary assets as of December 31, 2022. Zeno Research aims to achieve superior, risk-adjusted returns through long and short equity investments tailored to each client's specific investment objectives outlined in their Offering Documents. Clients negotiate fees individually, with the Adviser entitled to a performance-based profit allocation annually. Clients are responsible for direct expenses related to their portfolios, including brokerage costs. Zeno Research operates as a fiduciary, owing a duty to act in the best interests of its clients. The firm exercises investment discretion based on clients' disclosed objectives and strategies, assuming discretionary authority under investment management agreements. The Adviser follows a proxy voting policy to vote in clients' best interests, maintaining records of proxy votes and responses to investors' requests. Zeno Research does not receive compensation for client referrals and does not hold client assets, ensuring transparency and client-focused service. The firm's investment strategy involves detailed analysis of company and sector fundamentals, emphasizing risk management and tailored investment approaches for each client.