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Adviser Profile

As of Date 03/28/2024
Adviser Type - Large advisory firm
Number of Employees 10 11.11%
of those in investment advisory functions 5 25.00%
Registration SEC, Approved, 4/21/2017
AUM* 3,156,938,383 4.96%
of that, discretionary 3,156,938,383 4.96%
Private Fund GAV* 2,229,932,231 1.12%
Avg Account Size 789,234,596 4.96%
SMA’s No
Private Funds 1
Contact Info 646 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
6B 5B 4B 3B 2B 2B 817M
2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$2,229,932,231

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Brochure Summary

Overview

A. General Description of Advisory Business DeepCurrents Investment Group LLC (“DCIG”) is a limited liability company organized in the state of Delaware. DCIG was formed in September 2016, and the principal owner is Kai (Steve) Zheng. DCIG registered as an investment advisor with the SEC in April of 2017. B. Description of Advisory Services DCIG is an investment adviser providing discretionary investment advisory services to hedge fund clients. Currently, DCIG has the following clients: DCIG Capital Master Fund LP, a Cayman Islands limited partnership (the “Master Fund”), DCIG Capital LP, a Delaware limited partnership (the “Onshore Feeder”), and DCIG Capital Ltd, a Cayman Islands exempted company (the “Offshore Feeder” and together with the Master Fund and the Onshore Feeder, “DCIG Capital”). The Onshore Feeder and the Offshore Feeder invest all or substantially all of their assets in, and conduct their investment activities through, the Master Fund, which serves as the trading vehicle. DCIG Capital seeks to achieve positive absolute returns while minimizing downside volatility. A more complete description of the investment strategy and risks specific to DCIG Capital is outlined in the Onshore Feeder’s and the Offshore Feeder’s respective offering documents. DCIG has ultimate discretion and control over the investment activities of DCIG Capital. A description of the terms of the advisory relationship between DCIG Capital and DCIG, as well as the terms governing an investment in DCIG Capital, are set forth in DCIG Capital’s applicable offering and related documents (collectively, the “Offering Documentation”). DCIG also acts as a sub-adviser to a private investment fund (the “Sub-Advised Fund”). In this capacity, DCIG provides discretionary investment advisory
services to the Sub-Advised Fund subject to the terms of an investment management agreement and other related agreements which set forth the guidelines or restrictions related to DCIG’s permitted and restricted investment activities on behalf of the Sub-Advised Fund. As it relates to the Sub-Advised Fund, DCIG (i) does not have custody of its assets, (ii) cannot determine the final value of the Sub-Advised Fund’s positions, (iii) cannot transfer cash or securities out of the Sub-Advised Fund, and (iv) cannot enter into any agreements on behalf of the Sub-Advised Fund. DCIG Capital, the Sub-Advised Fund, and any future funds or separately managed accounts advised by DCIG are referred to as “Clients” and investors in DCIG Capital are referred to as “Investors” in this brochure. C. Availability of Customized Advisory Services The investment services offered by DCIG with respect to any Client are subject to the terms and conditions set forth in the investment management agreement with such Client and, with respect to DCIG Capital, are summarized in the Offering Documentation. Investors in DCIG Capital generally cannot impose restrictions on the types of securities or investments that are made on DCIG Capital’s behalf, provided that, on a case- by-case basis, DCIG may agree to limit profit and loss allocations with respect to certain securities (e.g., securities issued by companies in a specified sector) to accommodate the investment restrictions or mandate of a particular Investor. D. Wrap Fee Programs DCIG does not currently offer wrap fee programs. E. Assets Under Management As of December 31, 2023, DCIG had approximately $3,156,938,383 in discretionary regulatory assets under management. DCIG does not manage any assets on a non-discretionary basis.