Overview
Future Fund is an investment adviser organized as a limited liability company under the laws of the State
of Illinois with its principal place of business in Chicago, Illinois. Future Fund was co-founded in January
2021 by Gary Black, the Manager’s Co-Managing Partner and principal owner (the “Principal”) and
David Kalis, the Manager’s CCO and Co-Managing Partner.
Future Fund is a research-driven investment adviser providing portfolio management services to high net
worth individuals, institutional clients and registered investment companies registered under the Investment
Company Act of 1940, as amended (the ”Investment Company Act”).
Future Fund provides investment advisory services on a discretionary basis to separately managed
accounts (“the “Separate Accounts”) and exchange-traded funds, the Future Fund Active ETF and the
Future Fund Long/Short ETF (the “ETF” or collectively, the “ETFs”). Together the Separate Accounts,
ETFs and any other clients managed in the future each are a “Client” and collectively are the “Clients”.
The Manager’s investment advisory services focus on advice related to investments, generally including
both long and short, primarily in publicly traded equity securities. As discussed in the relevant Governing
Documents (as defined below), the Clients may also invest in other types of securities and may engage
in
other investment strategies so long as doing so does not interfere with achieving the stated and agreed
upon investment objective of each such Client.
The Manager’s advisory services to the ETFs are provided pursuant to the terms of the prospectus of each
investment vehicle. Investors in the ETFs cannot obtain services tailored to their individual specific needs.
The Manager’s advisory services are provided to the Separate Accounts pursuant to the terms of each
Client’s investment management agreement, as applicable (collectively, the “Governing Documents”)
and based on the specific investment objectives and strategies as disclosed therein. Clients may impose
restrictions on investing in certain types of securities in accordance with the terms of each Governing
Document.
Separate Account Clients can receive customized services based upon the return expectations, tolerance
for risk and volatility, and the need for liquidity. Please refer to Item 8A for a description of the investment
strategies utilized.
Future Fund does not participate in, nor does it sponsor, wrap fee programs.
As of December 31, 2023, Future Fund managed $36,295,231 in Client regulatory assets under
management, all of which on a discretionary basis.
See Item 8 of this Brochure for a more detailed discussion of the Clients’ investment strategies.