Context Capital Management LLC

Context Capital Management serves as the investment adviser and general partner to a master/feeder set of pooled funds and manages those pooled vehicles on a discretionary basis. The firm does not currently offer separately managed accounts and limits investors to accredited and qualified purchaser categories as described in its fund documents.

The firm focuses on fixed-income and relative-value strategies, principally convertible arbitrage, capital-structure arbitrage and catalyst/event-driven trading, and invests across convertible debt, convertible preferred stock, equity and equity-linked securities, derivatives, futures and SPAC-related instruments. CCM selects all fund investments and relies on hedging, leverage and both long and short positions as part of its implementation, with ongoing portfolio review and regular investor reporting.

The brochure discloses that CCM uses third-party channels to source investors — it engages promoters and pays a portion of advisory fees to those who refer investors and also directs brokerage to brokers in return for investor referrals — arrangements that the firm discloses and says it manages in accordance with applicable rules. It also notes trading in futures and other commodity interests as part of its strategies, maintains multiple prime broker relationships (recently adding an additional prime broker), and discloses certain outside affiliations and ownership interests in other investment vehicles.