Absolute Returns — Options & Derivatives
Vania Capital is a privately held investment fund pursuing disciplined, risk-adjusted returns through deep expertise in options, derivatives, and public equities.
01 — Philosophy
Outperformance does not come from following the crowd. It comes from building a genuine analytical edge, sizing positions with discipline, and acting decisively when the setup is right.
Vania Capital is built on the belief that options and derivatives — used with rigor and precision — are among the most powerful tools available to generate asymmetric returns and protect capital simultaneously.
Absolute Return Focus
Positive returns are the objective in all market environments. We do not measure ourselves against a benchmark.
Asymmetric Risk-Reward
We seek positions where the potential upside is structurally larger than the downside. Options allow us to define and limit risk precisely.
Structural Flexibility
A multi-strategy mandate means capital flows toward the best opportunities, not the most familiar ones.
Investor Alignment
Our capital is managed alongside our investors'. There is no daylight between our interests and theirs.
02 — Strategy
We rotate across investment styles as market regimes evolve. No approach is forced when conditions do not support it. Flexibility is the strategy.
Our primary edge. Options are used to express high-conviction views with defined risk, generate income, and construct positions unavailable through equities alone.
Long and short equity positions underpin the portfolio. Selected through rigorous fundamental analysis, with options layered on top to enhance returns and manage exposure.
03 — Manager
Hugo
De Santiago
Founder & Portfolio Manager
Hugo De Santiago founded Vania Capital to apply a rigorous, analytical approach to markets — one shaped by years of experience in the technology industry and a deep specialisation in options and derivatives.
His background in software engineering at large-scale tech companies informs how he thinks about markets: systematically, with an emphasis on data, process, and identifying structural edges others overlook.
Vania Capital was built for a close-knit group of investors who value transparency, alignment, and a manager with genuine skin in the game.
04 — Fund Details
Domicile
United States
Strategy
Multi-Strategy
Asset Classes
Options & Derivatives, Public Equities
Objective
Absolute Returns
Management Fee
2%
Performance Fee
25%
Liquidity / Redemptions
Monthly
Investor Base
Family & Friends (Private)
05 — FAQ
Reach out via email at info@vaniacapital.com. We will schedule an introductory call to discuss the fund, your objectives, and suitability. If there is a mutual fit, we will share the fund documents and guide you through the onboarding process.
Vania Capital charges a 2% annual management fee on assets under management, and a 25% performance fee on net profits. The performance fee is only charged on gains — we do not profit unless our investors do.
Investors may redeem capital on a monthly basis, subject to the terms set out in the fund documents. We believe monthly liquidity is a reflection of our confidence in the portfolio's construction and our commitment to treating investor capital with respect.
Vania Capital is a private fund currently open to a select group of family and friends investors. All investors must meet applicable eligibility requirements under US securities law. Please contact us directly to discuss your situation.