Latticework Capital

The firm provides discretionary investment management primarily through a pooled investment vehicle and a small number of separately managed accounts, rather than a broad base of individual retail clients. It acts as the general partner to the pooled vehicle and manages the pool’s portfolio on an ongoing basis for accredited and qualified investors.

The investment approach is value-oriented and concentrated, driven by fundamental analysis of company business models and intrinsic value; the manager primarily focuses on publicly traded equities but may include some international holdings. The strategy can employ option positions, short sales, margin or other leverage and may use negatively correlated funds or ETFs as risk-management tools, depending on opportunities.

What is noteworthy is the firm’s small, single-principal structure combined with its role as both manager and general partner of the pooled vehicle, which aligns compensation directly with pool performance through a performance-based allocation subject to a hurdle and periodic accrual. The firm also limits investor liquidity to periodic withdrawals, relies on custodian and broker-provided research and services (and may allocate research expenses), and has limited internal separation of duties, which creates key-person and operational considerations relative to larger managers.