Overview
One68 (“we,” “us” or “our”) is a Delaware limited liability company that began providing
investment advisory services in November 2016. One68’s sole member is One68 Capital, LP,
which is principally owned by David Nguyen and Nancy Oh.
The Adviser provides investment advisory services to its client, a private pooled investment
vehicle (the “Client,” and to the extent the Adviser has more than one Client, the “Clients”). The
Adviser generally has broad and flexible investment authority with respect to the Client’s
investment portfolios. We provide investment advisory services to the Client based on the Client’s
specific investment objective and strategy. The Adviser does not tailor its advisory services to the
individual needs of investors in the Client.
We tailor our advisory services to the specified investment mandates of our Clients, consistent with
the Client’s governing documents, which may include, among other things, a private placement
memorandum, limited partnership
agreement, management or investment advisory agreement,
and/or subscription agreement (individually and collectively, the “Governing Documents”). Any
client or prospective client should closely review the applicable Governing Documents with
respect to, among other things, the terms, conditions and risks of investing.
We generally invest on behalf of our Clients employing an opportunistic, global equity event driven,
trading oriented strategy that seeks to identify and exploit mispriced securities to unlock value
using time-bound anticipated catalysts.
Under certain circumstances, we will contract with a Client to adhere to limited risk and/or
operating guidelines imposed by the Client. We negotiate such arrangements on a case-by-case
basis. (See Item 16 “Investment Discretion” below.)
As of December 31, 2023, we manage approximately $500,000,000 in regulatory assets under
management on a discretionary basis. We do not manage any assets on a non-discretionary basis.