A. The Adviser is a Delaware limited partnership and has its principal place of business in Miami,
Florida. The Adviser provides discretionary investment advisory services to various pooled
investment vehicles operating as private funds (each a “Fund” and, collectively, the “Funds”).
Interests in the Funds are offered to certain sophisticated, qualified investors, including: high net
worth individuals, retirement plans, trusts, partnerships, corporations, or other businesses. The
Adviser was formed in 2017 by Dario Villani, Kharen Musaelian, and Alexander Sokol
(collectively, the “Founding Principals”, however when referring Dario Villani and Kharen
Musaelian, the “Principals”).
As limited partners of the Adviser, Dario Villani and Kharen Musaelian, are its principal owners.
Dario Villani and Kharen Musaelian are also the principal owners of Duality Holdings LLC, which
owns the Adviser’s general partner, Duality Advisors LLC, in its entirety.
Through multiple investment strategies, the Adviser aims to achieve a high return-to-risk ratio by
utilizing one or more sets of global financial assets to generate returns while maintaining specific
levels of risk.
B. The Adviser acts as an investment adviser to private funds, Duality Fermi Offshore Fund, Ltd.,
Duality Fermi Onshore Fund, LP, Duality Fermi Master Fund, LP (collectively, referred to as the
“Funds”) and, separately managed account, Metropolis Cayman MAC Fund LP (“the SMA” or
“separately managed
account”, and collectively with the Funds, referred to as the “Clients”), for
sophisticated, qualified investors. Duality Fermi GP, LLC, the general partner of Duality Fermi
Offshore Fund, Ltd., Duality Fermi Onshore Fund, LP, and Duality Fermi Master Fund, LP, is an
affiliate of the Adviser (the “General Partner”). The Adviser pursues its investment strategy
through managing the Funds. The Adviser provides investment advisory services to the Funds
based on the investment objectives and strategies described in the Funds’ confidential explanatory
memorandum and governing documents (collectively, the “Offering Documents”). The Fund’s
investment objective, generally speaking, is to achieve capital appreciation through investments in
(i) systematic strategies that invest in equity securities; (ii) systematic strategies that invest in
foreign currencies; and (iii) systematic cross-assets strategies that trade equity securities, equity
options, foreign currency spot, forward and option contracts and various types of derivatives and
other instruments.
C. The Adviser’s only clients are the Funds and the SMA. As such, the Adviser follows the investment
strategy described in each Client’s Offering Documents.
D. The Adviser does not participate in wrap fee programs.
E. As of December 31, 2022, the Adviser manages approximately $1,702,231,364 in discretionary
regulatory assets under management and $0 in non-discretionary regulatory assets under
management.