Sipher Street
Sipher Street Capital is an independent long/short equity hedge fund. Co-invested directly alongside our partners, we deploy concentrated long and short equity strategies across American and European markets, pairing original fundamental research with rigorous downside protection.
Investment Architecture
Built for enduring performance
Our partnership structure and focused philosophy enable us to manage capital with complete alignment and long-term conviction.
Independent Alignment
Independence frees us to focus solely on managing the strategy in the best long-term interest of our investors. We co-invest real partner capital under a 1% management and 17.5% performance fee structure.
Quality Compounders
We dedicate rigorous fundamental analysis to high-return businesses with structural moats and secular reinvestment runways, identifying asymmetric mispricings across global equity markets.
Downside Discipline
Our short book selectively targets fundamentally impaired or aggressively valued companies, generating idiosyncratic alpha while dampening net exposure during turbulent market regimes.
Trust is the foundation of our enduring relationships with investors and partners. We sustain that trust by upholding the highest standards of transparency, maintaining point-in-time auditable portfolio reporting, and communicating openly.
Partnership Terms
Institutional fund terms
Designed for long-term alignment of interest with fee discipline and complete portfolio transparency.
| Management Fee | 1.00% per annum, calculated and accrued monthly |
| Performance Fee | 17.50% of net profits subject to high-water mark |
| Strategy & Structure | U.S. & European L/S Equity Partnership |
| Benchmark | SOFR |
| Partner Co-Investment | $10,000 partner capital co-invested into the strategy |
| Valuation & Pricing | Rebased NAV computed daily from point-in-time exchange feeds |
| Transparency & Reporting | Open-source holdings, trade ledger, and historical pitch models |