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Adviser Profile

As of Date 06/26/2024
Adviser Type - Outside the United States
Number of Employees 12
of those in investment advisory functions 6
Registration SEC, Approved, 01/03/2017
AUM* 1,756,695,572 381.32%
of that, discretionary 1,756,695,572 381.32%
Private Fund GAV* 1,011,361,494 274.56%
Avg Account Size 125,478,255 106.28%
SMA’s Yes
Private Funds 5
Contact Info 020 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles
- State or municipal government entities
- Insurance companies
- Other

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 859M 716M 573M 430M 286M 143M
2016 2017 2018 2019 2020 2021 2022

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count5 GAV$1,011,361,494

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Brochure Summary

Overview

PIA and also referenced herein with “we” or “our” is a Limited Liability Partnership incorporated in England & Wales. PIA was founded in 2003, with the backing of J.P. Morgan, although J.P. Morgan is no longer a shareholder of the Firm. The Firm currently has one office, located in London, England with another group office also in New York. PIA is wholly owned by Prytania Asset Management Limited (“PAM”). PIA has been authorized by the UK regulator, the Financial Conduct Authority (“FCA”) since 31 March 2004. The Firm is an Investment Manager which is authorized to manage Alternative Investment Funds (“AIFs”) as well as other collective investment vehicles and Managed Accounts. Mark Hale is responsible for all business and strategic matters of the Firm. Mark Hale is also the Chief Investment Officer at PIA, working alongside Andrew Burgess, the Senior Portfolio Manager of the Firm. Together both Mr. Hale and Mr. Burgess are responsible for building and managing the Firm’s investment and research team. Gideon Fackrell serves as the Chief Operating Officer and Chief Compliance Officer. The Firm is a quantitatively-focused investment management firm specializing in structured finance, managing and advising on portfolios that consist primarily of assets originated in the UK, Europe and the USA. Nothing herein shall limit PIA’s ability to engage in a strategy or invest in asset classes not described herein. The Firm provides discretionary investment advisory services to three Dublin-based investment vehicles: (i) Eudora Investment Funds ICAV; (ii) Pantheon Master Fund Plc; (ii) Prytania Alternative Credit Opportunities DAC Additionally, PIA also manages Separate Managed Accounts in the UK and US. Eudora Investment Funds ICAV has five active sub-funds: the Galene fund (“Galene”), the Plutus CLO Fund (“Plutus”) and three Funds-of-One under the same structure, the Prytania Opportunistic Credit Fund (“POC”), the TTOC Fund and the Auxano Fund. The Eudora Investment Funds ICAV is a Qualifying Investor Alternative Investment Fund (“QIAIF”) and an Umbrella Fund with Galene listed on the Irish Stock exchange. Galene: Galene was launched in June 2012 with a seed investment of $65 million. Galene is a low to medium risk fund and invests in a portfolio of investment-grade bonds of new and existing structured finance transactions. Plutus CLO: Plutus was launched in June 2020 with a seed investment of $52m. This Fund is designed to capture the high risk-adjusted
returns available from leveraging senior CLO tranches in the US, the UK and Europe. Pantheon Master Fund Plc, a special purpose (S110) vehicle listed on the Irish Stock Exchange with one active sub-fund Series, the Pantheon Master Fund Plc - Athena Series 2008-1 fund (“Athena”). Athena: Athena was established in May 2008 and the strategy and structure of Athena is akin to being a diversified global credit opportunities fund, focused on structured financial assets. Athena is managed as a higher risk/higher return fund. Collectively, Galene , Plutus and Athena will be referred to as the “Funds” in this document. The Firm manages the Funds in accordance with the investment objectives and limitations set forth in each Fund’s respective confidential Prospectus and Fund Supplement, as applicable (“Offering Documents”), and the investment management agreement between the Firm and each Fund (“Investment Management Agreements”) (collectively, the Offering Documents and the Investment Management Agreements are referred to herein as the “Governing Documents”). The descriptions set forth in this Brochure of the advisory services that PIA offer to the Funds, and investment strategies pursued and investments made by us on behalf of the Funds, should not be understood to limit the Firm’s investment activities. Subject to each Fund’s investment objectives and guidelines as set forth in the Governing Documents, the Firm may, in its full discretion, offer any advisory services, engage in any investment strategy and make any investment, including any not described in this Brochure, that we consider appropriate. The Firm does not tailor advisory services to the Funds. Information about the Funds, including their investment objectives and strategies, is set forth in their respective governing documents. Since we do not provide individualized advice to the investors of Galene, Plutus and Athena , such investors should consider whether the investment objectives of the Funds are in line with their individual objectives and risk tolerance prior to investment. The Funds-of-One and Managed Accounts have the provisions for the investor to apply specific limitations or restrictions in regards to the strategy employed. The Firm does not currently participate in wrap fee programs. As at 31 March 2022, the Firm manages globally $2,207,627,927 of client assets on a discretionary basis.