Brenna Fudjack
About Brenna Fudjack
Brenna Fudjack is the Fund’s Chief Compliance Officer (CCO), elected by the Board and serving since 2024; her birth year is 1986, and her recent background includes senior compliance leadership roles at Paralel Technologies LLC (Deputy CCO, 2023), Deloitte & Touche LLP (Manager, Risk & Financial Advisory, 2022–2023), Perella Weinberg Partners Capital Management LP/Agility (Director of Compliance, 2018–2022), Shelton Capital Management (Compliance Officer, 2017–2018), and ALPS Fund Services, Inc. (Compliance roles, 2010–2017) . Officers are elected annually and hold office until a successor is elected by the Board, underscoring standard registered investment company governance for executive roles . The Fund does not maintain a Compensation Committee, and officers (including the CCO) do not receive compensation from the Fund itself; any compensation is paid by service providers (e.g., Adviser/Sub‑Adviser), so Fund-level pay-for-performance metrics and TSR/financial performance linkage are not disclosed in the proxy .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Paralel Technologies LLC | Deputy Chief Compliance Officer | 2023 | Senior compliance leadership supporting registered investment adviser operations |
| Deloitte & Touche LLP | Manager, Risk & Financial Advisory | 2022–2023 | Risk and financial advisory responsibilities aligned to regulatory/compliance best practices |
| Perella Weinberg Partners Capital Management LP/Agility | Director of Compliance | 2018–2022 | Led compliance function for asset management platform |
| Shelton Capital Management | Compliance Officer | 2017–2018 | Compliance oversight for mutual fund adviser |
| ALPS Fund Services, Inc. | Compliance Manager and other compliance roles | 2010–2017 | Compliance program roles at fund services provider |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Paralel Technologies LLC | Deputy Chief Compliance Officer | 2023 | Deputy CCO role supporting governance and compliance infrastructure for the Fund’s service provider |
Fixed Compensation
Officers do not receive compensation from the Fund for acting as officers; compensation is paid by the Adviser/Sub‑Adviser or affiliates, and executives do not receive pension or retirement benefits from the Fund .
| Component | Amount/Terms | Source |
|---|---|---|
| Base Salary | Not disclosed at Fund level (paid by Adviser/Sub‑Adviser) | Fund proxy |
| Target/Actual Bonus | Not disclosed at Fund level (paid by Adviser/Sub‑Adviser) | Fund proxy |
| Pension/SERP | No pension or retirement benefits from the Fund | Fund proxy |
Performance Compensation
No Fund-level performance awards or pay-for-performance structures are disclosed for officers; the Fund does not have a Compensation Committee and officer compensation is not set or paid by the Fund .
Equity Ownership & Alignment
| Metric | 2024-11-12 (Form 3) | 2025-10-03 (Proxy Record Date) |
|---|---|---|
| Total Beneficial Ownership (shares) | 0 (“No securities are beneficially owned”) | — (no shares reported for Brenna Fudjack) |
| Ownership % of Outstanding | 0% (derived from “no securities” and Fund outstanding context) | Less than 1% (table shows “*” indicating <1%) |
| Shares Pledged as Collateral | Not disclosed | Not disclosed |
| Options/RSUs (Exercisable/Unexercisable) | Not disclosed | Not disclosed |
| Stock Ownership Guidelines | Not disclosed | Not disclosed |
Note: A Form 3/A amendment was filed to associate the original filing with the individual filer (no change to ownership) .
Employment Terms
| Term | Disclosure |
|---|---|
| Officer Election/Term | Officers are elected annually and serve until successors are elected |
| Severance / Change-of-Control | Not disclosed in proxy materials |
| Clawbacks / Hedging / Pledging | Not disclosed in proxy materials |
| Non‑Compete / Non‑Solicit | Not disclosed in proxy materials |
| Pension/Retirement Benefits | Directors and executive officers do not receive pension or retirement benefits from the Fund |
| Committee Oversight | Board has Audit, Nominating, and QLCC committees; no Compensation Committee |
Investment Implications
- Alignment and selling pressure: Zero reported beneficial ownership and no Form 4 transactions indicate minimal insider selling pressure from the CCO; alignment via equity is limited at the Fund level, typical for externally managed closed‑end funds where officers are employees of service providers rather than Fund-paid executives .
- Compensation governance: Absence of a Fund Compensation Committee and the proxy’s statement that officers are not compensated by the Fund suggest pay design and retention incentives are determined by the Adviser/Sub‑Adviser, reducing direct visibility into pay‑for‑performance alignment for Fund investors .
- Retention risk: Tenure as CCO since 2024 and a deep compliance résumé across major advisers and service providers imply strong compliance capabilities; however, retention economics (severance, change‑of‑control terms, vesting schedules) are not disclosed at the Fund level, so retention risk must be assessed via the Adviser/Sub‑Adviser’s employment agreements rather than Fund filings .
- Trading signals: With no reported ownership or insider transactions, there are no immediate equity‑based trading signals attributable to Brenna Fudjack; governance and compliance oversight remain her primary influence on Fund risk management rather than performance levers tied to compensation metrics .