Overview
Tc43 is a Delaware limited liability company that was formed in December 2023. The Firm is owned by
Tc43 Manager Holdings LLC, John McCormick, and Jonathan Briggs. The Firm provides discretionary
and non-discretionary investment advice to private funds (collectively, the “Tc43 Funds”) and other client
accounts (the “Other Client Accounts”). References throughout this document to “Clients” refer to the Tc43
Funds that the Firm manages and the Other Client Accounts.
The Tc43 Funds and Other Client Accounts will be managed in accordance with the investment and trading
objectives, as described in their respective offering documents and subscription agreements or services
agreements, respectively, (collectively, the “Governing Documents”). The Firm does not generally permit
investors in the Tc43 Funds to impose limitations on the investment activities described in the Governing
Documents. However, Tc43, in its sole discretion, may alter investor permissions. Under certain
circumstances, the Firm may contract with a Tc43 Fund investor to adhere to limited risk and/or operating
guidelines imposed by that Client. The Firm would negotiate such arrangements on a case-by-case basis.
See Item 16 ( Investment Discretion).
Tc43 is a systematic fundamental equity manager that seeks to produce strong risk-adjusted returns in a
market-neutral, factor-neutral
framework. The Firm seeks to generate attractive, risk-adjusted returns using
a proprietary framework that leverages machine learning to synthesize and analyze a plethora of data
impacting markets, companies, brands, and sectors across the globe. The Firm employs a model with risk,
industry and alpha terms and then engineers proprietary factors using a computationally intensive machine
learning process that ingests large volumes and varieties of data, seeking to create factors indicating the
potential for future growth and efficiency. The Firm may incorporate other strategies in the future as it
continues its research. The Firm will also seek to build models of market expectations of growth and
efficiency such that the Firm understands what is priced into the markets so that the proprietary system may
take positions accordingly. Using information from the machine learning pipeline and the models of market
expectations, the Firm seeks to be rewarded through the convergence of market expectations. Tc43 licenses
use of its proprietary framework to the Other Client Accounts in connection with its advisory services.
One of the Firm’s related persons (the “Tc43 Fund GP”) serves as the general partner to the Tc43 Funds.
The Firm does not participate in wrap fee programs.
Tc43 currently has $66,661,426 in regulatory assets under management.