Overview
OmniQuest Capital, LLC, ("OQC") was founded in November 2002 by Eloise Yellen Clark and registered with the
Securities and Exchange Commission in December 2005. OQC specializes in the management of multi-manager
and multi-strategy alternative investment portfolios. In July 2003, the firm launched OmniQuest I, LLC, a market-
neutral fund of funds comprised of a concentrated portfolio of niche-oriented hedge funds. The firm has also acted
as a sub-advisor to another fund of funds and has managed a separate account invested in hedge funds.
Currently the sole business of OQC is the management of OmniQuest I, LLC (the “Fund”). The Fund pursues a
highly selective, differentiated strategy designed to generate high risk-adjusted returns by investing in a concentrated
“best ideas” portfolio of fundamentally diverse hedge funds. The Fund invests in hedge funds with high-expected
returns that demonstrate edge, expertise, and effective risk management in their respective markets. These funds
often invest in concentrated portfolios, illiquid securities, inefficient markets, and employ niche strategies. Despite
the high-risk nature of many of the individual hedge funds, the portfolio is structured to achieve a low-to-moderate
level of volatility by combining non-correlated styles and strategies, invested across all global asset classes.
Ms. Clark has more than 35 years’ experience in financial markets with specific expertise in risk-management,
derivatives, and alternative investments. In her last position at a major financial institution, Ms. Clark was managing
director of the corporate capital markets group at Bankers Trust. In this position, Ms. Clark was responsible for
structuring and execution of derivative transactions, debt origination, structured investments, and strategic risk
management products. Prior to joining Bankers Trust, Ms. Clark worked in the interest rate swap group at Merrill
Lynch. She designed and managed the systems used to hedge the
interest rate swap book and later marketed swaps
to financial institutions. She worked extensively with mortgage-backed securities and related derivative products.
Ms. Clark started her career as a foreign exchange trader at Citibank. Prior to founding OmniQuest Capital, Ms.
Clark was a visiting professor at UCLA where she taught The Trading Game and Case Studies in Capital Markets
and Investment Management. Ms. Clark holds an MBA in finance from the Anderson School of Management at
UCLA and a BA in economics from Barnard College, Columbia University.
In addition to managing the Fund, OQC offers managed accounts and provides sub-advisory services for
investments in hedge funds on a discretionary and non-discretionary basis. All portfolios managed by OmniQuest
Capital are structured based on two fundamental investment principals. First is the belief that a portfolio of hedge
funds can achieve more effective diversification, and thus a higher risk-adjusted return, than traditional investment
vehicles. This is because 1) hedge fund strategies encompass all asset classes, 2) hedge fund managers are able to
customize their risk/return profile using hedging, leverage, and concentration, and 3) hedge funds can provide access
to illiquid and complex securities that are difficult to access and analyze, and therefore, are often priced inefficiently.
Second is the belief that most portfolios of hedge funds are over-diversified in terms of the number of funds they
invest with, and under-diversified in terms of the types of strategies they invest in. While managed accounts and
sub-advisory services are customized for each client, and can be restricted in certain respects, by the client,
portfolio structuring is always based on the philosophy that the optimal risk/reward can be achieved through
diversification by strategy combined with concentration by manager.
As of December 31, 2022, the firm managed $102 million in assets on a discretionary basis.