Active long/short across equities, bonds, ETFs, and options — traded personally by Delung Capital's in-house trader through the Lightspeed Financial Services platform. A privately structured investment opportunity offered solely to qualified accredited investors.
This strategy is traded personally by Delung Capital's own in-house trader — not an automated system — through the Lightspeed Financial Services platform. It captures short- to medium-term inefficiencies across global financial markets, trading actively long/short across U.S. equities, bonds, ETFs, and listed options.
Trades are executed through institutional-grade infrastructure, including Lightspeed's execution platform and regulated clearing relationships. The strategy is discretionary, adaptive, and designed to operate across varying market conditions — risk-managed, opportunistic, and tactically positioned.
This is a private offering, exempt from SEC registration, offered solely to accredited investors under Regulation D.
Opportunistic alpha generation across market regimes — not constrained to a single asset class, index, or style factor.
Small / Mid / Selected Large Cap. Active long/short trading across small, mid, and select large-cap names.
Corporate & Sovereign. Selected corporate and sovereign bond instruments for tactical positioning.
Sector · Macro · Hedging. Sector, thematic, and macro hedges expressed through listed ETFs.
Directional & Hedging. Options for directional positioning, volatility expression, and hedging.
Capital dynamically allocates across asset classes based on prevailing market conditions. The book reflects current opportunity — never a static thesis.
Trades are executed through professional brokerage and clearing infrastructure, with low-latency routing and institutional execution workflows.
Professional execution platform for active traders.
Multi-venue routing and direct exchange access.
Established clearing relationships with regulated counterparties.
Risk is actively managed at the portfolio and position level. The toolkit below evolves over time and may differ across market environments.
Maximum exposure per name calibrated to liquidity and conviction.
Gross and net exposure governed by regime and conviction.
Continuous oversight of position and book-level P&L.
Position size adapted to changes in book liquidity.
Tactical hedging using listed derivatives and ETFs.
Exposure shifts as volatility regimes change.
Risk management does not eliminate the possibility of loss.
The portfolio is opportunistic and not constrained to a single sector, index, or style factor.
Active long/short trading across small, mid, and select large-cap names.
Selected corporate and sovereign bond instruments for tactical positioning.
Sector, thematic, and macro hedges expressed through listed ETFs.
Options for directional positioning, volatility expression, and hedging.
Offered through a privately structured investment vehicle pursuant to Regulation D Rule 506(b) under the Securities Act of 1933. This presentation does not constitute a public solicitation or general advertising of securities.
No general solicitation. Pre-existing relationship required.
As defined under Rule 501 of Regulation D.
Not registered with the SEC or any state securities regulator.
Investment terms governed by the applicable offering documents.
Compensation is structured so the manager earns from outperformance. Exact terms are defined in the Private Placement Memorandum (PPM).
Manager compensation linked to net realized gains.
Performance compensation applies only to gains above each investor's prior peak.
All fee terms — including any management fee — finalized in offering documents.
This is a private offering. Only investors who meet the legal definition of "accredited" under Regulation D — and who possess the sophistication, capacity, and risk tolerance described — may participate. Each investor must complete subscription and compliance documentation.
Verified via income, net worth, or qualifying professional criteria.
Initial subscription minimum; manager may accept lesser amounts at discretion.
Committed capital should represent risk capital — not living, retirement, or emergency reserves.
Familiarity with long/short, leverage, derivatives, and discretionary trading risk.
Including investor questionnaire, accreditation verification, and fund agreements.
Investors may receive periodic reporting on performance, capital position, and selective strategy commentary. Cadence and format are finalized in the fund documents.
Net-of-fees performance reporting delivered on a regular schedule.
Subscriptions, redemptions, allocations, and current NAV.
Where structure permits, access to custodian or prime brokerage reports.
Selective qualitative commentary on positioning and market context.
Specific reporting frequency, format, and audit cadence are governed by the fund's organizational documents and the PPM.
A binding 20% drawdown limit, measured from the most recent high-water mark, is engineered to protect both invested principal and previously earned profit. As the account reaches new peaks the mark resets upward, lifting the stop with it and locking in gains already made.
High-water mark resets up to each new account peak.
Drawdown is monitored continuously against that mark.
At −20%, all positions liquidate and the account is dissolved.
The strategy may employ leverage, which can amplify gains but may also result in substantial losses, including the loss of a significant portion of invested capital.
A 20% hard stop-loss, measured from the most recent high-water mark, applies. If triggered, all positions shall be liquidated, trading shall cease, and the arrangement shall be dissolved.
No guarantee of profit is made. Results may be volatile and losses may occur due to market conditions or the exercise of the Trader's professional judgment.
This document is confidential and intended solely for the recipient. Prospective investors should consult their own legal, tax, and financial advisors before making any investment decision.
Accredited investors may request the Private Placement Memorandum and subscription documents.