Overview
Teza Capital was formed in March 2014 and commenced investment adviser operations in or about
October 2014. Teza Services LLC (“Teza Services”) is the sole owner of Teza Capital.
Teza Capital provides investment advisory services on a discretionary basis to its clients, which
include private funds organized as domestic or foreign private pooled investment vehicles (the
“Funds” or the “Clients”). Teza Capital serves as subadvisor in respect of certain Clients and, in
such instances, manages one or more accounts on behalf of Clients.
Teza Capital uses a scientific and process-oriented approach to analyzing market information and
risk metrics. At a high level, the scientific method involves the iterative loop of theory, experiment
and analysis. More specifically, as implemented on behalf of Teza Capital, the scientific and
process-oriented approach used to develop strategies may include the testing and back-testing of
hypotheses about relevant market factors, signals and statistical techniques, proposed models,
algorithms and risk management methodologies, and proposed execution protocols, among other
factors. The strategies and models ultimately derived from this process-oriented and test-driven
approach are expected to trade based on the price of the underlying
instruments as well as on other
fundamental (non-price) and proprietary quantitative signals. Please see Item 8 for a more detailed
description of Teza Capital’s investment strategies.
Teza Capital manages the Clients in accordance with the investment objectives, strategies,
restrictions, and guidelines set forth in their respective confidential offering documents,
prospectuses, investment management agreements and/or sub-advisory agreements, as applicable
(the “Governing Documents”), and Teza Capital does not tailor investment decisions to any
particular investor therein (each, a “Client Investor”). All descriptions of the Clients in this
document, including but not limited to their investments, objectives, investment strategies, fees
and other costs, conflicts of interest and relevant material risks, are qualified in their entirety by
reference to the relevant Governing Documents for each such Client. This brochure does not
constitute an offer of advisory services or an offer to sell or the solicitation of an offer to purchase
any securities issued by any entity described herein.
As of December 31, 2023, Teza Capital had approximately $754,371,805 in regulatory assets
under management. All assets are managed on a discretionary basis.