Phase 3 Capital Management LLC

Phase 3 Capital Management LLC, established in March 2018, offers investment advisory services to institutional clients, pooled investment vehicles, and private funds. With approximately $2.8 billion in regulatory assets under management, Phase 3 aims to achieve attractive risk-adjusted returns through various investment strategies. The firm typically exercises broad investment discretion, focusing on relative value, directional, fundamental, volatility, and event-driven strategies. Clients' fees vary based on negotiated agreements and may include management fees and performance-based fees. Phase 3 does not participate in wrap-fee programs and manages investments according to clients' investment objectives outlined in governing documents. The firm, acting as a fiduciary, aims to treat all clients fairly and has policies in place to address conflicts of interest. Clients have limited control over their investments, with Phase 3 making decisions on securities trading. The firm has a proxy voting policy to ensure votes are in clients' best interests. Phase 3 does not maintain custody of managed account assets but follows regulations for private fund custody. Clients receive regular account reviews and financial statements. The firm does not solicit advance fees exceeding $1,200 per client. No disciplinary events are reported, and Phase 3 does not compensate for client referrals.