Summary

The Athena Quantitative seeks to deliver attractive risk-adjusted performance with low correlation to traditional asset classes by a combination of market-neutral, low-frequency options strategies, focused on S&P 500 futures options. The Program aims to monetize the passage of time (theta) and systematically exploit persistent implied-volatility mispricings while prioritizing capital preservation and tail-risk mitigation. The design emphasizes resilience across regimes, with embedded convex hedges intended to cushion severe drawdowns and, in certain conditions, potentially profit from pronounced volatility dislocations.