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Convequity ALL PATH AI Future Fund
Broker Edition One Pager Dec 2025
AI is the New Cloud:
The Next 15-Year Paradigm
Cloud outperformed 2.14× over 8 yrs — then AI disrupted it
Cloud was the dominant tech paradigm from 2013, massively outperforming for a decade. Since 2022, cloud underperformed as the AI wave emerged. AI represents a larger generational opportunity — we believe it will drive similar or greater outperformance over the next 15 years. Long-biased equity strategy, typically ~90% long with opportunistic short exposure. A systematic de-risking framework can reduce exposure via cash conversion, index futures hedging, or options overlays during periods of elevated gains or market risk.
Bessemer Cloud Index: Rise & Decline
Cloud
ALL PATH Since Inception: +98.78%
30%
Target CAGR
QQQE
Benchmark
25%
Target Avg Volatility
25%
Max Drawdown
Investment Process
1
Positioning — Sigma Compass
Identify opportunities from high-sigma structural shifts with outsized statistical significance across the AI ecosystem.
2
Sizing — Dynamic Weights
Dynamically adjust position weights based on quality scores and price-in levels across fundamental and quantitative factors.
3
Risk — Diversified & Asymmetric
Diversification across value chain, industries, and geographies with asymmetric focus and strict drawdown management.
Team
MC
Mads Christiansen
CIO · 8+ yrs fund mgmt · Consumer tech, fintech
JL
Jordan Lambert, CFA
PM · 15 yrs finance · Enterprise tech, semis
SH
Simon He
Dir. of Research · 6+ yrs equity research · AI stack
Service Providers
Fund Admin
NAV / Formidium / Repool
Prime Broker
Interactive Brokers
Auditor
Valaston / Grant Thornton
Legal
Vale Group
Fund Classification & Structure
StrategyLong-Biased Equities
ApproachFundamental + Quant Overlay
DirectionalityTypically ~90% long w/ opportunistic short exposure
InstrumentsGlobal Equities & ETDs
Legal StructureCayman Master / BVI IM
Target AUM$10M launch · $300M cap
Min. Investment$250,000
Investment Universe
Market Cap$100M+ minimum
Geography~70% US · ~15% EU · ~15% Asia
Positions60+ · 7% max single
MaterialsEnergy/PowerPhysical InfraIT InfraChip FabChip DesignAI ModelsAI AppsNetworking E-CommerceFintechBiotechHealthcare
Risk Parameters
7%
Max Position
3%
Overweight
1.75%
Typical Wt
8%
Hurdle Rate
HWM
Perpetual
20%
Gate
Fee Structure
FounderStandard
Mgmt Fee1% (waived yr 1)1.5%
Perf Fee12.5%17%
Total Expense Cap1.5%
Lockup1 Year
RedemptionMonthly · 30 days notice
Why Convequity?
✦ Deep AI Expertise — Research-first approach built on 8+ years covering the full AI technology stack from silicon to applications.
✦ Quantamental Edge — Proprietary Sigma Compass and dynamic weighting combine fundamental insight with systematic discipline.
✦ Proven Track Record — +98.78% since inception, significantly outperforming NDX and S&P 500 benchmarks.
✦ Full Value Chain — 60+ positions across 9 AI sub-sectors with 7% max concentration for true diversified exposure.
✦ Aligned Incentives — Founder class fees significantly below industry average with perpetual HWM and expense cap.
info@convequity.com
Past performance is not indicative of future results. This is not an offer to sell or solicitation to buy securities. For accredited investors only. Targets are estimates. Redemption requires 30 days advance written notice. For licensed financial intermediaries and their qualified clients.