Overview
Square Circle IA LP (“we,” “us,” “our,” or the “Firm”) is a Delaware limited partnership that was formed in
December 2020. We are principally owned and controlled by Dong Han (directly or indirectly through one
or more trusts), our founder and Portfolio Manager (the “Principal”).
We provide discretionary investment advice to the following private funds: Anaxagoras LP (the “A-Fund”)
and Oenopides LP (the “O-Fund”), (collectively, the “Funds”). We may also provide investment advice to
additional private funds and separately managed accounts for institutional, non-retail investors (“SMAs”)
in the future. References throughout this document to “clients” refer to the Funds and any other private
funds and SMAs that we may advise in the future.
The Funds are managed in accordance with their own investment and trading objectives, as described in
their offering documents and governing agreements (together, the “Governing Documents”). We do not
permit investors in the Funds to impose limitations on the investment activities described in the Governing
Documents.
However, future SMAs may include certain investment restrictions and/or operating
guidelines, and we may tailor our advisory services to the needs of future clients. We would negotiate
such arrangements on a case-by-case basis. (See Item 16 - Investment Discretion.)
Square Circle GP LLC, one of our related persons (the “General Partner”), serves as the general partner to
the Funds.
Pursuant to the terms of the A-Fund’s Governing Documents, the Principal and her spouse own a separate
vehicle (the “Separate Vehicle”) that is required to receive an allocation of investment opportunities
within the purview of Funds’ short investment strategy (the “Short Strategy”) in accordance with specified
targets that are outlined in the A-Fund’s Governing Documents (the “Short Allocation Methodology”).
We do not participate in wrap fee programs.
As of December 31, 2023, we advised approximately $388.5 million of regulatory assets under
management on a discretionary basis. We do not manage any assets on a non-discretionary basis.