Redemptions

The way you get your capital back.

The summary:

Allocations fund daily. Redemptions process monthly.

Request a redemption any time. It queues for the next monthly window. At the window, the asset manager unwinds the positions backing your shares, the stablecoins are freed, and your share returns to your wallet.

When the window runs:

Payout lands on the first Tuesday of each month. To be included, submit your request by the Sunday before. Over the days in between, the asset manager unwinds the positions that back your redemption.

The calendar above shows the exact dates. There is no mid-month redemption. If you miss a window, your request rolls to the next one.

Why monthly, not faster:

Strategies hold positions across spot, perpetual futures, and other instruments. Many cannot be unwound in seconds without execution losses. A market-neutral strategy with a large long-short pair cannot exit half its book in thirty seconds without moving the market against itself.

A monthly window lets the asset manager unwind in an orderly way. Planned execution. Minimised cost.

The trade-off is liquidity for performance. Faster redemptions would mean either lower returns, because exits are rushed, or unfair returns, because the people leaving push their execution cost onto the people who stay. If you need same-day access to this capital, this is not the right place for it.

What you get back, and at what value:

You redeem vault shares, not a fixed dollar amount.

The value you receive is set by the NAV per share at the moment of redemption, not the moment you requested it. Between request and settlement, the strategy keeps running, so the final figure can move up or down. The calendar marks the dates so there is no guesswork about timing.

Your shares are burned at settlement, and the USDC is released from Ceffu custody back through the vault to your wallet.

What this is not:

This is not a withdrawal from an account, and it is not instant. You hold vault shares, and redeeming them is a transaction you sign yourself.

Capital is at risk. The value returned depends on the strategy's performance up to the moment of redemption, and that is not guaranteed. Redeeming is your decision, made on your timeline.