Nverses Capital, LLC

nVerses Capital LLC serves pooled investment vehicles, acting as a discretionary investment adviser to a sleeve of a privately pooled vehicle (the “IMA”) and may manage other private pooled funds for accredited investors. The firm is SEC-registered and reports $184,082,000 in regulatory assets under management, all managed on a discretionary basis.

Its investment program emphasizes systematic strategies with primary focus areas in fixed income and commodities, and it implements exposure through futures contracts, foreign exchange, swaps (including equity-linked swaps), contracts for differences and other derivatives. Trading is driven by quantitative analytical models and automated systems (including machine learning), with human oversight for model development, risk limits and discretionary interventions.

Compared with many peers, nVerses combines a performance-based compensation structure — a negotiated monthly invoice tied to an agreed annual budget plus a 25% performance fee on Adjusted Gross Trading Profit — rather than relying on a standard percentage-of-AUM fee schedule. Other notable features disclosed in the brochure include extensive use of derivatives and prime broker arrangements, participation in soft-dollar research arrangements, an adviser-maintained custody arrangement for the IMA, and a policy that trade errors, systems exceptions and coding errors ordinarily will not be separately disclosed to investors.