Overview
ShadowFall Capital & Research, LLP (“ShadowFall”, “the firm”) was formed as a Limited Liability
Partnership under the laws of England and Wales in 2017. ShadowFall’s principal place of business is
located in London, United Kingdom. ShadowFall was founded by Matthew Earl on January 25, 2017, and
is wholly owned by Matthew Earl. ShadowFall is authorized and regulated by the Financial Conduct
Authority (the “FCA”).
ShadowFall operates a discretionary investment management business and serves as an investment adviser
to the ShadowFall Funds (Cayman Feeder Fund, US Feeder Fund, and Master Fund), a Cayman master-
feeder structure organized under the laws and regulations of the Cayman Islands and classified as an
Alternative Investment Fund Manager (AIFM) in the UK. ShadowFall also acts as an investment adviser
to separately managed accounts (“SMAs”).
ShadowFall manages a concentrated pan-European fundamental equity market neutral strategy and has an
exclusive focus on generating alpha from short selling single stock equities in the under-researched
European mid-cap market. ShadowFall’s aim is to generate
attractive risk adjusted absolute returns
throughout the business cycle with a low correlation to equity markets and other equity strategies.
In acting as an investment adviser to the Fund on a discretionary basis, ShadowFall formulates its
investment objective, directs & manages the investment and reinvestment of the Fund’s assets, which are
managed. ShadowFall manages the assets in accordance with the terms of its documents. ShadowFall has
complete discretion to manage and direct the capital for the Fund, and investors have no opportunity to
select or evaluate any Fund investment.
ShadowFall selects all Fund investments and may impose restrictions on certain securities. This is
provided for in the Investment Management Agreement (“IMA”) and offering and subscription documents
accordingly.
ShadowFall does not currently tailor its investment advisory services but could provide tailored services
based on the individual needs of clients in the future.
As of 31 March 2024, ShadowFall manages $238,115,172 of client assets on a discretionary basis but
does not manage any assets on a non-discretionary basis.