Overview
Description of Firm
Unlimited Funds, Inc. ("Unlimited") is a registered investment adviser organized as a
Delaware Corporation. Unlimited was founded in August 2022 and is primarily owned by
Robert Elliott.
Unless otherwise noted, all funds managed by Unlimited will generally be referred to as
"Fund" or “Client" throughout this document.
Unlimited HFND Seed Fund, L.P.
Unlimited is the investment adviser to the Unlimited HFND Seed Fund, L.P. (the "Partnership"),
a domestic 3(c)1 fund, and is responsible for the management of the Partnership's assets
pursuant to the terms of an investment adviser agreement between the Partnership and
Unlimited. The Partnership’s investment objective is to seek capital appreciation via investment
primarily in the shares of Unlimited HFND Multi Strategy Return Tracker ETF, a series of Tidal
ETF Trust. The detailed terms, strategies and risks applicable to the Partnership are described
in the organizational and offering documents regarding the investment of client funds. The
Partnership is available for investment only by investors that are "accredited investors", as
defined in Regulation D under the Securities Act. The Partnership is exempt from registration as
an investment company under the Investment Company Act of 1940, as amended, under
Section 3(c)(1) thereof.
Unlimited has full discretionary
authority with respect to the investment decisions of the
Unlimited HFND Seed Fund, L.P. Unlimited manages the Fund in a manner consistent
with the investment strategy described in the Offering Documents. Investment advice is
provided directly to the Fund, subject to the discretion and control of the General Partner
of the Fund. Unlimited does not provide specifically tailored advice to individual Limited
Partners.
Unlimited HFND Multi-Strategy Return Tracker ETF
Unlimited is the sub-adviser of the actively managed Unlimited HFND Multi-Strategy Return
Tracker ETF (the "ETF Fund"), an exchange-traded fund organized as a separate series of the
Tidal ETF Trust (a registered management investment company). For complete information on
the investment objective of the ETF Fund, please consult the Unlimited HFND Multi-Strategy
Return Tracker ETF Prospectus and Statement of Additional Information.
Unlimited manages the ETF Fund in a manner consistent with the investment strategy
described in the Prospectus. Investment advice is provided directly to the ETF Funds, subject to
the discretion and control of the Board of Directors of the Trust. Unlimited does not provide
specifically tailored advice to individual shareholders.
Assets Under Management
As of December 31, 2023, Unlimited manages client assets totaling $42,468,899.