Context Capital Management LLC

Context Capital Management serves as the investment adviser and general partner to Context Partners Master Fund, L.P. and its two feeder funds, managing pooled investment vehicles for accredited investors and qualified purchasers on a discretionary basis. The firm specializes in fixed‑income and relative‑value strategies—notably convertible arbitrage, capital‑structure arbitrage and catalyst/event‑driven trading—and invests across convertible securities, debt, equity‑linked instruments, derivatives and SPAC‑related securities.

CCM pursues a relative‑value, hedging‑oriented approach that frequently uses short positions, leverage and derivatives to capture mispricings across a company’s capital structure, and it may engage directly with issuers in certain catalyst situations. The firm provides ongoing investor reporting, including monthly performance reports and quarterly commentary, and currently manages only funds that compensate the adviser on a performance‑based basis rather than offering separately managed accounts.

Noteworthy for a manager of pooled vehicles, CCM’s disclosures indicate the firm employs advertising that includes testimonials, third‑party ratings and endorsements—practices that are uncommon among peers in this category. The ADV also describes broker referral and promoter arrangements, centralized trading discretion and internal valuation responsibilities, all of which are material operational features prospective investors should consider.