Decagon Asset Management LLP
Decagon Asset Management LLP is an alternative investment management firm headquartered in London, United Kingdom, with an additional office in New York. Founded in January 2022 by Ben Durham and Nick Kroepfl, the firm focuses on hard-catalyst event-driven strategies and aims to deliver attractive risk-adjusted returns with market-neutral, low-volatility profiles. Decagon is authorized and regulated by the UK FCA and is registered with the US SEC. As of 2025, it has approximately 6 employees and manages assets primarily for pooled investment vehicles and institutional investors.
Investment Strategy
Decagon Asset Management LLP employs a hard-catalyst event-driven investment strategy, investing globally and across the capital structure. The firm's approach focuses on achieving attractive risk-adjusted returns with low volatility. Its strategy is intended to be market-neutral and uncorrelated to major asset classes, targeting opportunities catalyzed by discrete corporate or market events. Decagon emphasizes careful risk management and capital preservation while seeking alpha in both public and private market opportunities.
Top Holdings
Equity Positions (14)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SKX | SKECHERS U S A INC | 22.27% | $34.2M | 541,389 | $63.10 | $63.10 | +$34.2M |
K K | KELLANOVA | 12.52% | $19.2M | 241,414 | $79.53 | $79.53 | +$19.2M |
A AACT | ARES ACQUISITION CORP II | 6.61% | $10.1M | 894,668 | $11.33 | $11.33 | +$10.1M |
B BASE | COUCHBASE INC | 5.24% | $8.0M | 329,620 | $24.38 | $24.38 | +$8.0M |
C CCIR | COHEN CIRCLE ACQUISITION COR | 4.32% | $6.6M | 603,761 | $10.97 | $10.97 | +$6.6M |
Options Positions (6)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
G GMS | GMS INC | New | Call | $10.9M | 1,000 | $108.75 | $108.75 | +1,000 | +$10.9M |
P PRA | PROASSURANCE CORP | New | Call | $6.6M | 2,900 | $22.83 | $22.83 | +2,900 | +$6.6M |
C CTLP | CANTALOUPE INC | New | Call | $2.8M | 2,517 | $10.99 | $10.99 | +2,517 | +$2.8M |
S SAGE | SAGE THERAPEUTICS INC | New | Call | $2.7M | 2,920 | $9.12 | $9.12 | +2,920 | +$2.7M |
C CLBR | COLOMBIER ACQUISITION CORP I | New | Call | $1.9M | 1,250 | $15.46 | $15.46 | +1,250 | +$1.9M |