Discovery Capital Management, LLC

Discovery Capital Management, LLC is an investment adviser based in South Norwalk, Connecticut, established in April 1999. The firm specializes in providing investment management services to pooled investment funds, primarily focusing on equities, currencies, credit, rates, and commodities across global markets. Discovery's investment strategy combines "Global Macro" and "Equity Long-Short" strategies, utilizing fundamental analysis for both top-down global macro analysis and bottom-up research. The firm manages various closed-end private equity funds investing in late-stage growth equity, particularly in technology companies. Discovery offers discretionary investment advisory services to sophisticated and institutional investors, with a minimum subscription amount generally set at $1 million. The firm charges investment management fees based on assets under management and may receive performance-based fees. Discovery is a fiduciary acting in the best interests of its clients, providing investment discretion and voting client securities in their best interests. The firm engages in soft dollar relationships to obtain research and brokerage services, and it aggregates client orders when beneficial. Discovery has a Code of Ethics in place to ensure fair and honest dealings with clients. The firm reviews client accounts continuously and complies with proxy voting policies to vote in the best interests of clients. Discovery has no disciplinary events to disclose and provides audited financial statements to clients annually.