Third North Capital is a registered investment advisor based in New York City that provides discretionary investment management services primarily to private investment funds and separately managed accounts. The firm's primary investment strategy involves short selling public equities in both U.S. and international markets, alongside holding cash equivalents, bonds, and long equity positions or derivatives. Third North utilizes various financial instruments such as options, swaps, and leverage to execute its strategies. Founded in 2016 and led by Zachary Datikash, the firm caters primarily to institutional clients, private funds, endowments, and family offices, managing hundreds of millions in assets. The firm implements a rigorous research process combining fundamental and industry analysis to identify trading opportunities while managing various market and counterparty risks.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 0.90% |
Management fees for managed accounts generally range between 0.90% and 1.5% annually. Incentive allocations ranging from 5% to 20% or 0% to 10% of trading gains also apply.