Overview
Trexquant (“Adviser,” “we” or “us”) is a Delaware limited partnership that was formed in
January 2014. We are controlled and principally owned by Taesoon (Tyger) Park.
We provide discretionary investment advice to the following private investment funds: (a)
Trexquant Onshore Fund LP (the “Onshore Fund”); (b) Trexquant Offshore Fund Ltd. (the
“Offshore Fund” and, together with the Onshore Fund, the “Feeder Funds”); and (c) Trexquant
Master Fund LP (the “Master Fund”) and, together with the Feeder Funds, the “Funds”.
Notwithstanding the foregoing, we are required to invest all of the capital of the Feeder Funds in
limited partnership interests of the Master Fund, other than cash and cash equivalents held for
investment into the Master Fund, distributions to investors and/or payment of operating expenses.
Trexquant Management LLC (the “General Partner”), our affiliate, serves as our general partner
and the general partner of the Onshore Fund and the Master Fund. The General Partner is a
“relying adviser” that is also controlled and principally owned by Taesoon (Tyger) Park.
Trexquant also provides discretionary investment advice to a separately managed account (“the
SMA”) which is generally managed similarly
to the Funds.
We generally employ a quantitatively-driven statistical arbitrage strategy across U.S. and non-
U.S. equities. This statistical arbitrage program relies upon a series of models that use market data
to anticipate short term price movements in securities. The universe of securities for the Master
Fund’s portfolio primarily consists of, but is not limited to, U.S. stocks, non-U.S. stocks, and
derivatives that capture the returns of a portfolio of stocks. Generally, trades are made in liquid,
exchange-traded securities. However, our trading mandate is broad and encompasses virtually
every type of asset, investment interest, security or property (real or personal) which can be
traded or purchased.
We generally do not permit investors in the Feeder Funds to impose limitations on the trading
activities described in the offering documents for the Feeder Funds. (See Item 16 “Investment
Discretion” below.)
As of December 31, 2023, we had managed approximately US $5,937,517,292 of regulatory
assets under management, including capital commitments from third parties which we began to
manage subsequent to such date. We only manage capital on a discretionary basis.