Overview
Shannon River Fund Management LLC is a registered investment adviser with the SEC and
was founded in 2003 by its managing member, Spencer Waxman.
Shannon River Fund Management LLC and Doonbeg Global Management LLC (collectively
“Shannon River”, the “Adviser”, “we”, “us” “our” or the “Firm”) are the investment
advisers to private pooled investment vehicles via master feeder structures and separately
managed funds (each a “Private Fund” and collectively the “Private Funds”). Shannon River
is also a sub-advisor to a Luxembourg UCITS product and an Irish UCITS product (each, a
“UCITS Fund”). Shannon River may in the future manage other pooled investment vehicles
or accounts (including separately managed accounts).
Shannon River Capital Management LLC, Doonbeg Capital Management LLC, Doonbeg Fund
Management LLC and Doonbeg Global Management LLC operate in the course of the Firm’s
investment management business as though they are registered investment advisers and are
deemed “Relying Advisers” pursuant to the January 18, 2012 no-action letter issued by the SEC
staff to the American Bar Association. As such, each “Relying Adviser” has completed a
separate Schedule R on the Form ADV Part 1a.
Shannon River provides investment management services
to the Private Funds based upon
specific investment objectives and strategies. The Private Funds are managed in accordance
with their own objectives and are not tailored to any particular private fund investor (each an
“Investor” and collectively “Investors” ). The Private Funds generally invest in long and short
equity securities, focused on sectors which include technology, media and telecommunications.
The primary objective of the Funds is to achieve capital appreciation while carefully managing
risk and market exposure.
As a sub-adviser to the UCITS Funds, Shannon River employs substantially similar investment
strategies as it uses for the Private Funds, while taking into account the greater need for position
liquidity caused by regulations applicable to the UCITS Funds and certain investment
guidelines and/or restrictions applicable to such clients. Such investment guidelines and/or
restrictions may be negotiated with respect to each sub-advisory client, and are set forth in their
respective governing agreements.
As of December 31, 2023, Shannon River managed Regulatory Assets under Management
(“RAUM”) of approximately US $722,754,167 on a discretionary basis. Shannon River does
not manage any assets on a non-discretionary basis.