1180 Manager manages a private fund called 1180 Partners LP. They make investment decisions for the fund, using a trading strategy that involves buying and selling equity options. The goal is to achieve above-average returns while managing risk. They don't offer tailored advice to individual investors in the fund, and investors can't restrict the fund's investments.
1180 Manager doesn't directly manage investments for individual investors. They manage a private fund, and investors in the fund pay a management fee of 2% annually, calculated monthly. Additionally, they pay a performance-based fee, called an Incentive Allocation, which is 20% of the net profits each month, subject to a loss carryforward provision.