Dfn Management Llc.

DFN Management LLC is a registered investment adviser based in Tampa, FL, established in September 2015. The firm primarily focuses on providing investment advisory services to proprietary, private hedge funds, specifically the DFN Alpha 90/10 Fund LP and the DFN Alpha Advantage Fund LP. DFN operates on a discretionary basis, managing approximately $146,496,291 in assets as of October 31, 2023. The firm's investment strategies involve trading in options on U.S. indexes, primarily SPX and NDX index options, and futures contracts. DFN's investment philosophy includes maintaining a balance between cash, cash equivalents, and short-term instruments, with a focus on risk management through hedging strategies. Clients should be aware of the significant risk involved in these investment opportunities, including potential losses and lack of liquidity. DFN charges management fees based on the Fund's offering documents and may receive performance-based compensation. The firm operates under a Code of Ethics and discloses potential conflicts of interest related to its services and investment strategies. DFN provides investment discretion to its clients and may vote on client securities if applicable. The firm does not have any disciplinary actions, and its financial condition does not trigger additional reporting requirements.