Bruce Wood Capital, LLC

Bruce Wood Capital provides investment management to a mix of pooled-vehicle and advisory clients, including a proprietary private vehicle (the Bruce Wood Capital Global Macro Fund), model portfolios and separately managed accounts, and outsourced chief investment officer (OCIO) services for institutional entities such as foundations, endowments, pension plans and family offices. As of the brochure date the firm reports discretionary management of its Fund and total discretionary assets under management of approximately $14 million, and states the Fund is currently its sole client while it intends to add individual and corporate clients.

The firm’s Fund strategy uses a dual, global macro approach that combines a long/short sleeve with an opportunistic directional sleeve and relies on quantitative, technical and cyclical analysis to identify macroeconomic relationships and trends. Trading is discretionary but guided by systematic models and risk controls; the Fund uses derivatives, futures and options, may employ leverage (with a stated base net leverage), and may take concentrated positions in exchange-traded products and financial futures.

Several operational and business features distinguish the firm from many peers: it acts as an exempt commodity pool operator for its Fund and functions as the Fund’s manager/sponsor for a pooled investment vehicle, and it charges performance-based compensation for the Fund (creating attendant conflicts noted in the brochure). In addition, one principal is licensed to sell insurance products outside the advisory relationship, and the firm combines private-fund management with an OCIO offering despite its small asset base and current client makeup.