Assay
Manager Universe

Aurora Discretionary

Self-Reported

Long/short discretionary · Cayman Islands · Inception 2023-01

Illustrative — pre-launch sample data, not actual manager performance.
1Y ann.+2.3%
3Y ann.-7.9%
5Y ann.—
10Y ann.—
Sharpe (3Y)-0.04
Sortino (3Y)-0.04
Max drawdown-70.6%

Cumulative TWR vs benchmark

Monthly, since inception
-75%-28%18%65%112%2023-01Most recent
Manager TWR Benchmark Drawdown

Locked benchmark

Bitcoin (BTC)

Pre-registered at engagement scoping. Cannot be retroactively changed.

1Y-13.8%
3Y-37.0%
5Y—

Liquidity profile

Median position liquidity$320M
AUM$11.0M
Verified history36 months
Raising statusOpen

Strategy

Concentrated long/short fundamental, single-PM. Self-reported tear sheet pending verification.

Composite construction

All discretionary fee-paying accounts following this strategy are included in the composite per GIPS Provision 3.A. The engagement memo enumerates the in-scope entities and any sub-advised accounts that would otherwise meet the discretion criteria but are excluded for documented reasons.

Composite dispersion is reported as the asset-weighted standard deviation of constituent account returns. 3-year ex-post standard deviation is reported once 36 months of composite history is available.

Annual return breakdown

Trailing-window annualized returns. For verified strategies with full calendar-year history we publish calendar-year returns alongside; this preview uses rolling 12-month windows from the most recent month.

Y-2

+60.8%

Y-1

-52.5%

Y-0

+2.3%

GIPS-aligned disclosures

  • Returns are presented gross of management and performance fees. Net-of-fee returns available on request and in the LP data room.
  • Composite includes all discretionary fee-paying accounts following the long/short discretionary strategy as enumerated in the engagement memo.
  • Benchmark: Bitcoin (BTC), locked at engagement scoping.
  • Valuation: positions marked at VWAP across qualifying venues. Concentrated illiquid positions subject to liquidity-adjusted fair-value haircut per Assay's methodology.
  • Custody: position custody arrangement disclosed in the engagement memo. Withdrawal permissions are not granted to Assay; we hold read-only access.
  • Past performance is not indicative of future results.

Verification status

Self-Reported. Manager has submitted their own track record; numbers have not been independently verified.

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