DeepCurrents Investment Group LLC

DeepCurrents Investment Group LLC provides discretionary investment management exclusively to pooled investment vehicles, including a master fund and onshore and offshore feeder entities, and serves as a sub-adviser to at least one private investment fund. The firm manages several billion dollars in regulatory assets under management and does not advise individual retail clients.

The firm pursues a relative-value arbitrage approach across credit, convertible, volatility, capital-structure, sovereign and event-driven strategies, combining quantitative processes with micro- and macro-level fundamental research. Its organizational documents give it a broad trading mandate—permitting investments across geographies, asset classes and derivative instruments—and the brochure discloses use of data analytics, machine learning and other “Data Tools” as part of its process.

What is notable relative to many peers is the firm’s disclosure that it uses endorsements in its advertising, a practice that is uncommon among investment managers of this type, and its explicit use of artificial intelligence and data analytics in research and trading. The brochure also highlights structural features that can affect investors, such as discretionary control of the underlying fund, the presence of performance-based compensation arrangements, and custody arrangements for the pooled vehicles.