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RIA / WealthRegistered adviserformer SEC advisernot on rosterRAUM 100m 1b

EXPONENTIAL ETFS

CSAT INVESTMENT ADVISORY, L.P., CRD 161626

DETROIT, MI

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:3310c0e9-476f-dfe0-6f10-653c8c607a88

Data as of Mar 29, 2021 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 2:13 PM UTC and rebuilt at most every 15 minutes.

Relationships: 7
Dated events: 3
On other graphs: 0
Observed: Mar 14, 2012 to Mar 29, 2021
19 observations

Across DFX

This entity has not been resolved onto another DFX graph by a shared identifier. A name match elsewhere would be a candidate, never an identity, and none is recorded.

Facts

fact = as filed or announced; derived = computed by DFX; estimate = a band, never a point

Firm class: former SEC adviserderivedabsent from the latest SEC roster
Regulatory AUM: $108MItem 5.F on the latest filing (2021-03-29); as reported, and an affiliate's assets may be counted again on its own filing
Discretionary RAUM: $108M
Private client RAUM: $0derivedItem 5.D individuals plus high net worth individuals
Private client share: 0%derivedprivate client RAUM over total RAUM
Advisors on IAPD: 0
Employees: 7
Advisory employees: 3
Offices: 1Schedule D 1.F, beyond the principal office
Accounts: 3
Custody, client assets: $0
SEC number: 801-74619
CRD: 161626
Filings on the tape: 19
First filed: Mar 14, 2012
Latest filed: Mar 29, 2021
Organised: Limited Partnership, Delaware

Private funds

Schedule D 7.B(1); gross asset value as reported, never fund size; reporting ends 2024-12-31

Fund	Type	Reported GAV	As of	Owners	First reported	Status	Form D file
CSAT MARKET NEUTRAL MASTER LIMITED	Hedge Fund	$77.1M	Oct 5, 2016	5	Mar 14, 2012	dropped	021-214165
CSAT CLASSIC MASTER LIMITED	Hedge Fund	$1.1M	Apr 2, 2018	1	Mar 14, 2012	dropped	021-143274

Owners and control persons

Schedule A and B as filed; ownership codes are the form's bands (NA under 5%, A 5 to 10%, B 10 to 25%, C 25 to 50%, D 50 to 75%, E over 75%); people are listed as filed and never merged by name

Owner	Title	Ownership code	Control person	Acquired	First seen	Last seen
CATTIER, JOHN, FRANCIS	LIMITED PARTNER, CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER	A	yes	06/2006	Mar 14, 2012	Mar 29, 2021
CHJ INVESTMENT ADVISORY, LLC	GENERAL PARTNER	Na	yes	06/2006	Mar 14, 2012	Mar 29, 2021
FORNELL, CLAES, GORAN	Member	E	yes	06/2006	Mar 14, 2012	Mar 29, 2021
FORNELL, CLAES, GORAN	LIMITED PARTNER, CHAIRMAN	D	yes	06/2006	Mar 14, 2012	Mar 29, 2021
Ragauss, Charles, Alan	CHIEF OPERATING OFFICER	Na	yes	12/2019	Jun 30, 2020	Mar 29, 2021

Affiliates (Item 7.A)

as filed on Item 7.A; a related person with a CRD on the graph links to its own page

Related person	Type	Class on the graph	Its RAUM	Control	Common control	State
CHJ INVESTMENT ADVISORY, LLC	n/a	n/a	n/a	Y	yes	n/a

Offices

Schedule D 1.F offices beyond the principal office; street addresses are not published

City	State	Country	Employees	Also broker-dealer
ANN ARBOR	Mi	United States	2	no

Regulatory AUM by fiscal year

annual amendments (and the roster's annual snapshot) as filed; where a year was amended twice the later filing draws the line

Fiscal year	Filed	RAUM	Discretionary	Employees	Advisory staff	Offices	Private funds	Fund GAV
2020	Mar 29, 2021	$108M	$108M	7	3	1	n/a	n/a
2019	Mar 30, 2020	$700M	$700M	8	4	1	n/a	n/a
2018	Apr 1, 2019	$263M	$263M	5	3	1	n/a	n/a
2017	Mar 31, 2018	$230M	$230M	7	4	0	1	$1.1M
2016	Mar 31, 2017	$41.7M	$41.7M	7	4	n/a	1	$29.4M
2015	Mar 4, 2016	$206M	$206M	6	6	n/a	2	$106M
2014	Mar 23, 2015	$349M	$349M	6	6	n/a	2	$279M
2013	Mar 27, 2014	$413M	$413M	6	6	n/a	2	$233M
2012	Mar 26, 2013	$348M	$348M	5	5	n/a	2	$240M

Growth

derived from consecutive annual filings; RAUM as reported

Latest fiscal year	RAUM	A year earlier	1y change	Three years earlier	3y CAGR	Employees	A year earlier	Offices	A year earlier
2020	$108M	$700M	-84.6%	$230M	-22.3%	7	8	1	1

Relationships

Controls (4)

← FORNELL, CLAES, GORANOwnerMEMBER, ownership code E, individual
Mar 14, 2012 to presentfactForm ADV
← CATTIER, JOHN, FRANCISOwnerLIMITED PARTNER, CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER, ownership code A, individual
Mar 14, 2012 to presentfactForm ADV
← Ragauss, Charles, AlanOwnerCHIEF OPERATING OFFICER, ownership code NA, individual
Jun 30, 2020 to presentfactForm ADV
← CHJ INVESTMENT ADVISORY, LLCOwnerGENERAL PARTNER, ownership code NA, domestic entity
Mar 14, 2012 to presentfactForm ADV

Advises (2)

→ CSAT CLASSIC MASTER LIMITEDPrivate fundHedge Fund, IA, no longer reported
Mar 14, 2012 to Apr 2, 2018factForm ADV
→ CSAT MARKET NEUTRAL MASTER LIMITEDPrivate fundHedge Fund, IA, no longer reported
Mar 14, 2012 to Oct 5, 2016factForm ADV

Dated events

Occurred
Mar 29, 2021
Regulatory AUM changed
Exponential Etfs reported RAUM $107.6M, down 85% from $700.4M (2020-06-30 to 2021-03-29)
Form ADVobserved 6 days ago
$-593M
Occurred
Jun 30, 2020
Control person joined
Alan Charles Ragauss (Chief Operating Officer) appeared on Schedule A of Exponential Etfs
Form ADVobserved 6 days ago
Occurred
Mar 30, 2020
Regulatory AUM changed
Exponential Etfs reported RAUM $700.4M, up 166% from $263.2M (2019-04-01 to 2020-03-30)
Form ADVobserved 6 days ago
$437M

Provenance

Graph: RIA / Wealth Management
Canonical id: dfx:ria:3310c0e9-476f-dfe0-6f10-653c8c607a88
First observed: Mar 14, 2012
Last observed: Mar 29, 2021 66 months ago
Source families: Federal regulator filings
3 registered feeds stand behind this record; each fact above carries its own dates and, where the publisher serves one, its document.
Resolution: Identity across graphs by shared identifier (CRD, CIK, EIN, ADV fund id, individual CRD) or citation; a name match is shown as a candidate and never merged.

EXPONENTIAL ETFS

CSAT INVESTMENT ADVISORY, L.P., CRD 161626

DETROIT, MI

This is the graph view. The full profile, with its team, deals and sources, is on RIA / Wealth Management.Open the full profile →

Search this name across graphsid dfx:ria:3310c0e9-476f-dfe0-6f10-653c8c607a88

Data as of Mar 29, 2021 (this record's last observation) from federal regulator filings. Page built Sep 21, 2026, 2:13 PM UTC and rebuilt at most every 15 minutes.

Fund

Type

Reported GAV

As of

Owners

First reported

Status

Form D file

CSAT MARKET NEUTRAL MASTER LIMITED

Hedge Fund

$77.1M

Oct 5, 2016

Mar 14, 2012

dropped

021-214165

CSAT CLASSIC MASTER LIMITED

Hedge Fund

$1.1M

Apr 2, 2018

Mar 14, 2012

dropped

021-143274

Owner

Title

Ownership code

Control person

Acquired

First seen

Last seen

CATTIER, JOHN, FRANCIS

LIMITED PARTNER, CHIEF COMPLIANCE OFFICER, CHIEF FINANCIAL OFFICER

yes

06/2006

Mar 14, 2012

Mar 29, 2021

CHJ INVESTMENT ADVISORY, LLC

GENERAL PARTNER

yes

06/2006

Mar 14, 2012

Mar 29, 2021

FORNELL, CLAES, GORAN

Member

yes

06/2006

Mar 14, 2012

Mar 29, 2021

FORNELL, CLAES, GORAN

LIMITED PARTNER, CHAIRMAN

yes

06/2006

Mar 14, 2012

Mar 29, 2021

Ragauss, Charles, Alan

CHIEF OPERATING OFFICER

yes

12/2019

Jun 30, 2020

Mar 29, 2021

Related person

Type

Class on the graph

Its RAUM

Control

Common control

State

CHJ INVESTMENT ADVISORY, LLC

n/a

yes

n/a

City

State

Country

Employees

Also broker-dealer

ANN ARBOR

United States

Fiscal year

Filed

RAUM

Discretionary

Employees

Advisory staff

Offices

Private funds

Fund GAV

2020

Mar 29, 2021

$108M

n/a

2019

Mar 30, 2020

$700M

n/a

2018

Apr 1, 2019

$263M

n/a

2017

Mar 31, 2018

$230M

$1.1M

2016

Mar 31, 2017

$41.7M

n/a

$29.4M

2015

Mar 4, 2016

$206M

n/a

$106M

2014

Mar 23, 2015

$349M

n/a

$279M

2013

Mar 27, 2014

$413M

n/a

$233M

2012

Mar 26, 2013

$348M

n/a

$240M

Latest fiscal year

RAUM

A year earlier

1y change

Three years earlier

3y CAGR

Employees

A year earlier

Offices

A year earlier

2020

$108M

$700M

-84.6%

$230M

-22.3%