Third North is a Delaware limited partnership formed in April 2016 and principally owned by
Zachary Datikash. Third North is registered as an investment adviser with the U.S. Securities and
Exchange Commission (“SEC”).
Third North currently provides discretionary investment advice to two separately managed
accounts (each, a “Managed Account”) and private funds (the “Funds”), and may do so in the
future for additional Managed Account clients, as well as for other private investment Fund clients
(each, “Funds” and, collectively with each Managed Account client, “Clients”).
Third North primarily invests and trades on behalf of its Clients through short selling equity and
equity-related instruments that are traded publicly in U.S. markets and non-U.S. markets. Third
North also may hold cash, cash equivalents, bonds, CDS (OTC), and money market instruments,
as well as long investments in, without limitation, equities, equity index-linked securities, equity
swaps (OTC), equity derivatives and equity-related instruments.
Under certain circumstances, we will contract with a Managed Account client to adhere to limited
risk and/or operating guidelines imposed by the client. We negotiate such arrangements on a case-
by-case basis. Any Funds would be governed by the investment restrictions and guidelines
contained in their respective offering documents (including private placement memoranda or
limited partnership agreements), and each of the Managed Accounts are governed by their
investment management or investment advisory agreements with Third North (each an
“Investment Agreement” and collectively, with the Fund private placement memoranda and
limited partnership agreements, the “Offering Documents”). We generally would not permit
investors in a Client to impose limitations on the investment activities described in the Offering
Documents for the Client. Information about any Clients, including information about investment
strategies, fees, expenses, risks and other material information is also contained in each Client’s
Offering Documents.
As of December 31, 2023, Third North had approximately $426,775,590 of regulatory assets under
management on a discretionary basis.