A. TwinBeech Capital LP (“TwinBeech,” “we,” “us,” or “our”), a Delaware limited partnership formed in 2018, is an
SEC registered investment adviser with its principal place of business located in Purchase, New York. We are
principally owned by our founder, Jinghua Yan.
We provide discretionary investment advice to private pooled investment vehicles organized as private funds
and separately managed accounts (each, a “Client,” and collectively, “Clients”), including a master-feeder
private fund complex (each, a “Fund,” and collectively, the “Funds”) and one or more separately managed
accounts (each, an “SMA”, and collectively, “SMAs”). One or more entities affiliated with us act as the general
partner of certain Funds. These general partner entities include TwinBeech Capital Fund GP LP, a Delaware
limited partnership, and any future entity organized to serve as a general partner of a Fund (each, a “General
Partner”). While much of this Brochure applies to all Clients, certain information included herein applies only to
specific Clients or a specific Fund.
B. Our investment objective is typically to generate attractive absolute and risk-adjusted returns on invested capital
over a multi-year period on behalf of Clients. We seek to achieve this objective through a research intensive,
data-driven systematic trading and investment program. Specifically, our personnel develop and acquire
statistical quantitative techniques and programs and apply them to a large body of data in an effort to isolate
and identify potentially profitable trading and investment strategies. We also apply quantitative analysis to
datasets in an attempt to identify patterns in historical data and predict the future prices or values of instruments
or markets based on these patterns. These strategies entail the use of proprietary computer software systems
and technology in making and managing investments across a broad range of instruments, involving both long
and short investment holdings. These opportunities can be extremely short-lived (which necessitates a trading
system that can make decisions and effect executions quickly) or can exist
for a somewhat longer period (which
can allow for more of a focus on strategic timing). TwinBeech has discretion to implement investment strategies
involving a wide variety of assets, instruments or securities including, without limitation, publicly traded equities,
equity swaps, listed futures, equity options and options on futures, cleared swaps and other derivatives. Subject
to a Client’s investment program, we may employ active or passive hedges and/or reinvest any income earned
from investments in accordance with the Client’s applicable investment program.
We intend to continually review and refine our existing strategies, and to examine new ideas and opportunities.
The descriptions set forth in this Brochure of specific strategies in which we may cause Clients to engage should
not be understood to limit in any way any Client’s investment activities. We may cause Clients to engage in any
investment strategy, including strategies not described in this Brochure, that we consider appropriate in order
to pursue the Clients’ investment objectives.
C. We manage and tailor our advisory services to each Client in accordance with the Client’s investment objectives,
strategies, guidelines, terms and conditions, and any investment restrictions set forth in the Client’s confidential
private placement memorandum, investment management agreement or similar agreement, partnership
agreement and/or other organizational documents (collectively, “Governing Documents”), as applicable. We
generally do not tailor our advice to the needs of any Client’s individual investors (“Investors”). In general,
neither Clients nor their Investors may impose limitations on any Client’s investment activities beyond any
described in the applicable Governing Documents. However, subject to a Client’s Governing Documents, we
reserve the right to tailor other contractual rights of certain Investors through side letters in our sole discretion.
D. We do not currently participate in any Wrap Fee Programs.
E. As of December 31, 2022, we managed approximately $9,891,074,000 in regulatory assets under management
on a discretionary basis.