4.A. Advisory Firm Description
Contour Asset Management LLC (“Contour”) is a New York limited liability company that was formed in
October 2010. Contour began operations as an SEC-registered investment adviser that initially served as a
sub-adviser to Manticore Capital AB, a Swedish Fund Management Company.
Contour provides discretionary investment advisory services to Manticore Fund (Cayman) Ltd., a Cayman
Islands exempted company (the “Offshore Fund”) and Manticore Fund L.P., a Delaware limited partnership
(the “Onshore Fund”), which invest substantially all of their assets in Manticore Master Fund Ltd., a
Cayman Islands exempted company (the “Master Fund”) (collectively, the “Manticore Funds”).
Contour GP LLC, the general partner of the Onshore Fund (the “Contour GP”) and the Offshore Fund’s
board of directors (the “Offshore Board”) are responsible for the management of the affairs of the Onshore
Fund and the Offshore Fund respectively and have delegated certain investment advisory powers to
Contour.
Contour also provides advisory services on a discretionary basis, as an investment sub-adviser, to non-US
pooled investment vehicles (the “Sub-Advised Funds”). Certain Sub-Advised Funds are formed and
registered under foreign law in accordance with the European Union’s Undertakings for Collective
Investment in Transferable Securities (“UCITS”), which are authorized for public offer and sale in certain
jurisdictions (the “UCITS Funds”). In addition, Contour provides advisory services to a separately managed
account (the “SMA” and together with the Funds and Sub-Advised Funds, where applicable, the “Clients”).
The Sub-Advised Funds and the SMA are not offered to investors in the United States and are not private
funds, as that term is defined for purposes of the Form ADV.
The principal owners of Contour are David Meyer (the “Principal and Portfolio Manager”), and B&P
Advisors, Inc. B&P Advisors Inc.is a wholly owned entity of Brummer & Partners AB, a limited liability
company incorporated in Sweden.
The principal owners of Contour GP LLC are DLM II LLC, wholly owned by the Principal and Portfolio
Manager, and B&P Intressenter 2 AB, a wholly owned subsidiary of Brummer & Partners AB (together
with its affiliates, “Brummer”).
Contour generally has broad and flexible investment authority. The intention is to make long and short
investments in equities and equity related derivatives, with a focus on global technology, media and
telecommunications (“TMT”)
sectors. TMT is defined to be inclusive of all related services, distribution
channels (commercial & retail) and/or businesses whose main infrastructure process is information
technology-enabled.
4.C. Client Investment Objectives/Restrictions
Contour tailors its advisory services to the terms set forth in a confidential private placement memorandum
(“PPM”) or similar document provided to investors (“Investors”). Contour generally does not tailor its
advisory services to the individual needs of Investors, nor does it accept Investor-imposed investment
restrictions.
In the case of the Sub-Advised Funds and the SMA, Contour has tailored the investment
objectives/restrictions thereof and has negotiated the terms and fees for each of the Sub-Advised Funds and
the SMA, which may be different from those of other Clients.
Contour may manage additional separately managed accounts in the future, which may include specific
restrictions as may be agreed by Contour and the relevant client. It should be noted that any such accounts
would likely be subject to significant account minimums.
Contour and its affiliates, with the approval and support of the Offshore Board, but without any further act,
approval or vote of any Investor or any other person, has entered into, and may in the future enter into side
letters or other writings with an Investor which have the effect of establishing special rights or terms for
such Investor (including, without limitation, with respect to management fees, the performance allocations,
withdrawals, access to information and liquidity terms). Any rights or terms so established in a side letter
with an Investor will govern solely with respect to such Investor (but generally not any of such Investor’s
assignees or transferees unless so specified in such side letter). Moreover, certain Investors have received,
and other Investors may in the future receive, additional transparency and information and reporting rights
that other Investors may not receive, and such information may affect an Investor’s decision to request a
redemption or withdrawal of its investment. Prospective investors and Investors may contact Contour to
obtain general information on the Funds’ side letters.
4.D. Wrap Fee Programs
Contour does not participate in wrap fee programs.
4.E. Assets under Management
As of December 31, 2023, Contour manages $4,760,959,259 of regulatory assets on a discretionary basis.
Contour does not currently manage any assets on a non-discretionary basis.