Overview
Pluscios Management LLC (“Pluscios”) is a Delaware limited liability company that was formed
in June 2006. Principal owners of Pluscios are Ms. Constance Teska and Ms. Kelly Chesney.
Pluscios provides investment advice and management with respect to alternative investment
strategies and diverse investment managers.
Types Of Services Provided
Currently, Pluscios provides a variety of investment advisory services including:
To pooled multi-manager investment vehicles (such as funds of alternative funds referred to in
this document as FoFs) the nature of the investment advisory services includes:
1. Sub-fund selection and due diligence;
2. Asset allocation and portfolio construction;
3. Portfolio and risk monitoring.
4. Operations and administrative support.
To pooled single manager investment vehicles (such as hedge Funds, referred to in this
document as HFs and together with the FOFs, the Funds) the nature of the investment advisory
services includes:
1. Sub-Advisor selection, due diligence, monitoring;
2. Fund formation;
3. Operations and administrative support.
Pluscios also provides advisory or sub-advisory services to other pooled investment vehicles
and institutional investors with respect to alternative investments generally.
Current “clients”
Pluscios acts as the general partner and/or investment advisor to the following funds:
1. Pluscios Fund LLC, a Delaware limited liability company, which allocates substantially all
of its assets to hedge funds managed by other investment advisors, primarily by
investing in the Pluscios Master Fund SPC.
2. Pluscios Offshore Fund SPC, a Cayman Islands segregated portfolio company, which
allocates substantially all of its assets
to hedge funds managed by other investment
advisors by investing in Pluscios Master Fund SPC. The Pluscios Fund LLC and
Pluscios Offshore Fund SPC are referred to herein as the “Pluscios Funds”
3. Pluscios Master Fund SPC, a Cayman Islands segregated portfolio company, which
allocates substantially all of its assets to hedge funds managed by other investment
advisors.
4. X2 Opportunistic Debt Fund LLC, a Delaware LLC, which allocates substantially all of its
assets to distressed municipal bonds and related equities that currently involve the
municipal debt crisis in Puerto Rico.
5. Pluscios SI1, LLC, a Delaware limited liability company, which allocates substantially all
of its assets to hedge funds managed by other investment advisors.
6. Pluscios Private Credit Series which allocates all of its assets to private credit managers
through the Glide Fund Series LLC, A Delaware Series LLC.
Investments in the Funds are based on eligibility requirements and tax status of the Investor
(described in Item 7 below). Each class in the Funds has its own fee and liquidity terms which
are fully described in the relevant Offering Memorandum or formation documents. Currently,
with respect to the Pluscios Funds, Investors can choose between the Diversified Core portfolio
which is a multi-strategy fund of funds; the Catalyst portfolio which is a single strategy fund of
funds; the Private Credit portfolio which is a single strategy fund of funds, or, for larger
Investors, a customized portfolio. The Funds are not subject to regulatory restrictions or
oversight.
AUM
On December 31, 2023, Pluscios had $223 million in assets under management all of which
were managed on a discretionary basis.