TFJ Management, LLC

TFJ Management, LLC is an SEC-registered investment adviser that provides discretionary management primarily to its private funds (TFJ Capital Partners, L.P. and Cassini Partners, L.P. – TFJ Series) and one separately managed account, with approximately $198 million in regulatory AUM as of December 31, 2025. The funds are offered to qualified investors under offering documents that set eligibility and minimums (the brochure cites $3,000,000 for TFJ Capital and $20,000 for Cassini TFJ) and the firm does not tailor the funds’ strategies to individual investor preferences.

The firm pursues a concentrated, long‑term oriented equity strategy focused on technology and technology‑enabled business models, typically holding between 5 and 25 positions and initiating investments when securities trade at a discount to the Firm’s 3–5 year view of value. TFJ’s funds may also use a wide range of instruments and techniques — including options, futures, swaps, short selling, margin and other derivatives — and the brochure emphasizes hedging, leverage and active trading as part of portfolio management, with attendant higher volatility and liquidity risks.

What is distinctive in the brochure is disclosure of an affiliation tied to commodity trading activity and the explicit authorization to invest in futures and other commodity interests and to transact with FCMs and brokers, an operational linkage that is less common among comparable pooled‑vehicle managers. The brochure also notes occasional use of artificial intelligence tools (with human oversight) in research, the firm’s concentrated portfolio construction, and structural features such as performance‑based incentive allocations and in‑house valuation and custody procedures that can create conflicts the firm addresses through its code of ethics and reporting policies.