Vail, Colorado
The investment manager to Copernicus Hedge Fund LP — a globally diversified fund of funds holding its positions exclusively through ETFs.
Copernicus Investment Manager LLC is the investment manager to Copernicus Hedge Fund LP. The manager is responsible for the Fund's portfolio: what it holds, how those positions are sized, and when exposure is added or reduced.
The firm was founded by Ward McKinley and is based in Vail, Colorado. Its approach draws on a background that runs through trading, architecture, and city planning — disciplines united by the same underlying question of how systems behave when their parts interact.
The Fund itself, including its terms, reporting, and offering materials, is presented separately at copernicushedgefund.com.
Allocation across regions, asset classes and factors, expressed through exchange-traded funds rather than individual securities.
Ongoing monitoring of concentration, liquidity and correlation — not only at the point a position is established.
Net asset value is calculated by an independent fund administrator. The manager does not mark its own results.
Duties of care and loyalty to the Fund and its investors, including the disclosure of conflicts rather than their omission.
Before Copernicus, elaborate theory was required to defend an Earth-centred universe. He proposed a simpler model grounded in patterns, systems, and observation — and the complexity dissolved.
That is the discipline the firm brings to markets: broad diversification as the foundation, systematic observation over narrative, and a preference for structures whose behaviour can be understood rather than merely asserted.
“We believe in having investing down to a science, but more so elevated to an art form.”
Educational writing on the manager's side of a private fund — how the role works, how fees are structured, and how portfolios are built.
ETFs as Building Blocks: Portfolio Construction in a Fund of Funds
Copernicus Hedge Fund LP is a globally diversified fund of funds based in Vail, Colorado, holding its positions exclusively through ETFs. Fund terms, performance reporting, and requests for offering materials are handled on the Fund's own site.