Saepio Capital Management

David Shapiro, the firm's Founder and Chief Investment Officer, is the sole decision-maker on all portfolio positions. Shapiro manages the book with no investment committee, a structure designed to maximize ownership and speed. His investment experience was shaped by his previous role as an Executive Director at JPMorgan, where he worked in equity derivatives and proprietary trading.

Saepio operates a fundamental, long-short equity strategy focused on North American public markets. The firm runs a concentrated, high-conviction book, with position sizes determined by bottom-up research rather than benchmark tracking. The mandate is sector-agnostic, moving capital opportunistically into areas where the team's deep, company-level analysis identifies a measurable information advantage.

The single-manager structure concentrates portfolio responsibility in David Shapiro, removing the decision-making friction common in committee-run funds. For investors, this means pure, unmediated manager exposure, but it also concentrates key-person risk. Shapiro's background in derivatives at JPMorgan informs a proprietary risk framework that governs position sizing and hedging, which the firm cites as its primary risk-control mechanism.

There are no known adjacent vehicles, co-investment programs, or separately managed accounts tied to Saepio's core strategy. The firm appears to operate a single, flagship hedge fund structure. This focus on one vehicle is consistent with a boutique asset manager looking to avoid operational complexity and keep total AUM within a capacity-conscious range for a concentrated book.

Saepio does not publicly participate in co-investments, club deals, or private-side transactions. The firm's mandate is strictly confined to liquid public equities, where it executes a long-short fundamental strategy. There is no indication of a hybrid structure or any expansion into private markets.