Overview
Laurion Capital Management LP provides investment advisory services to pooled investment vehicles
operating as private investment funds (i.e., hedge funds). Laurion was founded in 2005 and is
primarily owned by Benjamin A. Smith and Janaka Sheehan Maduraperuma. As of December 31, 2023,
Laurion had $5.745 billion in client assets under management. All of these assets are managed on a
discretionary basis.
We act as investment adviser to the following funds:
• Laurion Capital Ltd. (the “Offshore Fund”);
• Laurion Capital LP (the “Onshore Fund”); and
• Laurion Capital Master Fund Ltd. (the “Master Fund”, and together with the Offshore Fund and
the Onshore Fund, the “Funds”).
The Offshore Fund and the Onshore Fund invest all their investable assets through a “master feeder”
structure in the Master Fund. As described in Item 10 below, affiliated entities act as general partner
to Laurion and the Onshore Fund.
The Master Fund is a global multi-disciplinary fund that focuses on a wide range of strategies that
include relative value, market neutral and absolute return. These strategies typically seek to analyze
common sense structural and behavioral inefficiencies in the markets then employ discretionary and
quantitative trading strategies to capture these opportunities. The Master Fund seeks to generate
attractive returns with low correlation to traditional markets.
Please see Item 8 of this brochure for a more detailed description of our investment strategy and
method of analysis.
From time to time, we may create and act as investment adviser to other private investment funds
or separate accounts. In this brochure, any reference to “Client” means the Funds, and any other
Laurion advisory client, not to investors within the Funds (the “Investors”).
We do not tailor our advisory services to the individual needs of Investors and do not allow Investors
to impose restrictions on investing in any securities. Each person should consult its own advisor to
determine the suitability of an investment in one of the Funds.
All discussions of the Funds in this brochure, including, among other things, their
investments, strategies, fees and other costs, conflicts of interest and relevant material
risks, are qualified in their entirety by reference to each Fund’s respective confidential
offering memorandum (if any) and governing documents (referred to collectively as the
“Offering Documents”).