Overview
Boulder Hill is an investment advisory firm established in October 2020 and is organized as a limited
partnership under the laws of Delaware. Boulder Hill is owned by Mr. John Holloway and JS Capital
Management LLC (“JSCM”), a Delaware limited liability company, and has its principal place of
business in New York City. The principal owner of JSCM is Jonathan Soros.
We provide discretionary investment management and administrative services to clients (“Clients”)
that are privately offered pooled investment vehicles (“Funds”) commonly referred to as “hedge funds”
or “private funds.” We serve as an investment adviser for the Funds. The terms of our investment
advisory relationships with the Funds are set out in the investment management agreements between
Boulder Hill and the Funds, as well as in the governing documents and confidential Private Placement
Memoranda or Confidential Offering Memoranda (the “Offering Documents”) of the Funds. The Funds
are offered only to investors who are (i) “accredited investors,” as defined in Rule 501 under the
Securities Act of 1933, as amended (the “Securities Act”), and (a) “qualified purchasers,” as defined in
Section 2(a)(51)(A) of the Investment Company Act of 1940, as amended (the “Investment Company
Act”) or (b) “knowledgeable employees,” as defined in Rule 3c-5 under the Investment Company
Act,
or (ii) non-U.S. persons. Boulder Hill manages the Funds’ assets in accordance with the investment
objectives and restrictions set forth in the Offering Documents. Investment decisions are not made
based on the individual financial circumstances of the investors in the Funds (the “Investors”); instead,
investment advice is provided directly to the Funds.
Boulder Hill manages the Funds in a master-feeder structure, with one or more feeder funds (“Feeder
Funds”) investing all or substantially all of their assets directly or indirectly in Boulder Hill Master
Fund LP (the “Master Fund”) or in Boulder Hill Total Return Fund LLC (the “Total Return Fund”).
The Total Return Fund invests on a parallel basis with the Master Fund, but targets a significantly
higher leverage ratio in its trading program than the Master Fund.
As of December 31, 2023, Boulder Hill managed approximately $4,858,938,584 of Regulatory Assets
Under Management (“RAUM”) on a discretionary basis and did not manage any client assets on a non-
discretionary basis.
This Brochure generally includes information about Boulder Hill and its relationships with the Funds
and affiliates. While much of this Brochure applies to all such Funds and affiliates, certain information
included herein applies to specific Funds or affiliates only.