A fund built on
asymmetry.
A tactical long/short equity fund built to compound through disciplined, asymmetric risk-taking
Compound capital by structuring asymmetric trades where upside dwarfs downside.
A multi-year personal track record, a refined process, and a moment of unprecedented technological disruption, together making this the right time to take on outside partners.
The four pillars used to create structural edge.
Asymmetric trade structure
Every position is built so the potential upside is many multiples of the downside. Stops, options, and momentum embed asymmetry in every trade.
Rules-based risk management
Position sizing from a fraction of Kelly criterion. Hard rules on total portfolio exposure and drawdowns. The maximum size of the loss is decided before the trade is placed.
High portfolio turnover
Many trades, many cycles. Aiming to capture more of the moves that matter with less idle exposure.
Uncorrelated positions & themes
Portfolio is constructed across uncorrelated drivers. Diversification at the theme level, not just the ticker level. Ray Dalio's “holy grail” of investing.
The fund is run by its founder and portfolio manager, with significant skin in the game.
I bring more than a decade in investment management, with experience spanning proprietary trading, private equity, M&A advisory, and a stint as an operating executive. I hold a degree in business with a concentration in finance. I've been building and refining the LaCroix strategy since my start as a proprietary trader in 2017, and incubated it with personal capital for 2 years before launching LaCroix Capital Partners.
First and foremost, I am a husband and father. My family is my greatest asset and the reason I am committed to building something durable over the long term.
I have always been drawn to the process of learning, improving, and thinking independently. I spend a great deal of time reading and studying topics ranging from history and psychology to business and investing. I am currently reading The Goal by Eliyahu Goldratt.
Managing other people's capital is a responsibility I take seriously. I am grateful for the trust investors place in me and approach that responsibility with the same care and discipline I would apply to my own family's wealth.
Borrowed wisdom from those who got asymmetry right.
Don't focus on making money, focus on protecting what you have.
It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong.
The key is to free oneself from a tyranny of first consequences, overvaluing what comes first at the expense of what inevitably comes later.
Built for a small group
of aligned partners.
LaCroix is intentionally concentrated: a limited number of partners who understand the strategy, value its philosophy, and share its time horizon.
We partner with a deliberately narrow group.
Our LPs are accredited investors and qualified clients who allocate to LaCroix as an opportunistic sleeve, not their core. The minimum subscription is $50,000.
Individuals & entrepreneurs
Accredited individuals, founders, and operators who think in asymmetric bets and want direct access to the person managing their capital.
Family offices
Single- and multi-family offices seeking a differentiated, uncorrelated return stream to sit alongside their core holdings.
Finance professionals
Current and former private equity, hedge fund, and trading professionals who can evaluate the process on its own merits.
Friends & long-term allies
People who know the GP, believe in the discipline, and are here for the long compounding arc, not the next quarter.
Honesty up front: who this is, and isn't, for.
- Are investing on a multi-year horizon
- Care about the process, not just performance
- Are allocating capital you won't need soon
- Appreciate asymmetrical risk-taking
- Value candor over comfort
- Need stable, bond-like returns
- Will redeem at the first drawdown
- May need this capital within a year
- Want benchmark-hugging exposure
- Prefer frequent hand-holding to periodic letters
What partnership with LaCroix looks like.
If this sounds like the kind of partnership you're looking for, the next step is a conversation.
Get in touch →Letters, thought pieces, and the deck.
Quarterly investor letters and occasional thought pieces. The full LP deck and onboarding materials are available upon request.
Open access for prospective LPs.
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One-Pager: LaCroix Capital Partners
Strategy, terms, and structure on a single page.
PDF · 1.2 MB Download → -
On Margin of Safety, Two Ways
Buffett's discount vs. Tudor Jones's asymmetry, and why we use both.
PDF · 0.6 MB Download → -
The Flywheel: Why Turnover Is the Edge
How high-frequency idea cycling sharpens the process, and the portfolio.
PDF · 0.9 MB Download →
Letters & the LP deck are available on request.
Quarterly letters to partners, the full LP deck, and onboarding documents are shared directly with prospective and existing limited partners. Reach out and we'll send what's relevant to where you are in your process.
The best next step is
a conversation.
If the fund resonates, reach out to walk through the strategy in more depth or answer specific diligence questions.
Every inquiry routes directly to me: investor relations, diligence, allocation discussions, press.
Delaware Limited Partnership