Overview
A. Firm Information
Lattice Capital Management, LLC (“Lattice” or the “Adviser”) is a registered investment adviser located in
the State of Washington, which is organized as a limited liability company under the laws of Washington in
2006. Ali R M Dadgar is the sole owner, Managing Member and Chief Compliance Officer of Lattice. This
Disclosure Brochure provides information regarding the qualifications, business practices, and the
investment advisory services provided by Lattice.
B. Advisory Services Offered
Lattice provides investment advisory services on a discretionary basis to private investment funds (the
“Lattice Funds” or “Funds”) intended for sophisticated investors (“Clients”). Lattice serves as each Fund’s
general partner (the “General Partner”). A summary of the Lattice Funds’ strategies is described below:
Dynamic Alpha Funds
Dynamic Alpha Fund, L.P., Dynamic Alpha Master Fund, L.P. and Dynamic Alpha Offshore Fund, L.P. (the
“DAF”), formerly known as Dynamic Market Neutral Fund, L.P., seeks to produce competitive risk-adjusted
absolute returns by using a portion of the DAF’s cash position to sell index option spreads, collect the premiums,
and thus generate a continuous income stream for the DAF. Excess cash is invested into short-term treasuries and
other cash equivalents which is then utilized as collateral in order to maintain the DAF’s option positions. A portion
of the premium collected is continuously invested to purchase protection in long options in order to hedge and reduce
the DAF’s exposure (or volatility). The investment objective is to strategically carve yield out of the options
landscape and take advantage of volatility across the entire spectrum of market conditions to generate alpha against
the broad market.
The DAF’s investment objective is to strategically capture premium in options and take advantage of
volatility across the spectrum of market conditions to generate alpha. The DAF seeks to produce risk- adjusted
returns by using cash to sell index options to collect options premium as a continuous income stream. Excess
cash is invested in short-term U.S. Treasuries and other cash equivalents and utilized as collateral to maintain
the DAF’s options positions. There can be no assurance that the DAF will achieve its investment objective.
Lattice has broad discretion to employ any trading or investment techniques, whether or not contemplated by
the expected investment strategies and criteria described above. Please refer to the DAF’s Offering
Documents
for additional information.
Dynamic Opportunity Fund, L.P. (the “DOF”)
The DOF seeks to generate a rate of return with no or low correlation to traditional benchmarks through an
optimized mix of directional, market neutral, relative value and absolute return trading strategies. The DOF
consists of a broad mix of global equities and ETFs that are U.S. exchange traded. The equity component consists
of both growth, value, and income stocks that are selected based on our conviction. The DOF also utilizes an ETF
and index option overlay along with equity options on the DOF's underlying equity selection to collect premiums
and seek to enhance the overall return. Excess cash is invested into short-term treasuries and other cash
equivalents.
The DOF’s investment objective is to strategically capture premium in options and take advantage of
volatility across the spectrum of market conditions to generate alpha. There can be no assurance that the
DOF will achieve its investment objective. Lattice has broad discretion to employ any trading or investment
techniques, whether or not contemplated by the expected investment strategies and criteria described above.
Please refer to the DOF’s Private Placement Memorandum, Limited Partnership Agreement, and Subscription
Documents (the “Offering Documents”) for additional information.
C. Types of Investments
The Funds invest primarily in options (including covered and uncovered puts and calls, and over-the-counter
options) on exchange traded funds (“ETFs”), U.S. Treasuries and other cash equivalents (e.g., money market
funds). In addition, DOF may place covered calls on individual equity securities held by the Fund. However,
in general, the Funds have no limits regarding the use of any investment strategy or types of investments to
achieve their investment goals and objectives and may invest in equity securities, both exchange-listed and
over-the-counter, securities of foreign issuers, and fixed income instruments. Please refer to each Fund’s
Offering Documents for additional information about the types of investments the Funds are authorized to
make.
D. Wrap Fee Programs.
Lattice does not participate in any wrap fee programs.
E. Assets Under Management
As of December 31, 2022, Lattice managed the following assets:
Assets Under Management
Discretionary Assets $594,699,091
Non-Discretionary Assets $0
Total $594,699,091
Clients may request more current information at any time by contacting Lattice.