Level III Capital Names Stuart MacDonald as Chairman to Support Strategic Growth and Capital Formation

Dallas, TX - May 22, 2025 - Established in 2021, Level III Capital (“Level III”), a quantitative digital asset investment manager recognized for its innovative systematic Smart Beta strategy and institutional-grade infrastructure, announced that Stuart MacDonald has become Chairman of the Firm.

A widely known expert veteran in alternative investments, Mr. MacDonald brings several decades of leadership in hedge fund strategy and business development, to Level III. In his expanded role, he will help guide the Firm’s strategic direction and deepen engagement with institutional partners.

Since joining Level III’s advisory board in 2024, Mr. MacDonald has contributed meaningfully to the Firm’s positioning and capital formation efforts. His appointment as Chairman underscores Level III’s commitment to aligning institutional-quality infrastructure with next-generation investment strategies.

“Stuart’s track record of building durable alternative investments businesses and his prominence in the industry speaks for itself,” said Jack Zumwalt, CEO and Co-CIO of Level III. “We’re excited to formalize his leadership at a pivotal moment in our growth, and we look forward to working even more closely as we scale our business.”

Mr. MacDonald previously held senior leadership roles at alternative investment firms including Aaro Capital Management, Aquila Capital, and Henderson Global Investors. He is widely regarded for his strategic acumen and deep network across the industry landscape.

Mr. MacDonald said, “I am excited to contribute to Level III Capital’s growth and success. The firm’s sound governing ethos, exceptionally high-calibre team, and the quality of its investment thesis and proprietary technology make Level III Capital one of the most promising asset managers I have ever encountered.”

About Level III Capital

Established in 2021 by Goldman Sachs alumni, Jack Zumwalt and Mauricio Ortiz, Level III Capital fills a gap among quantitative digital assets investment vehicles with its institutional-quality structure, investment methodology, technology stack, internal processes, and external performance validation. The firm manages a distinctive Smart Beta strategy, invested systematically and dynamically in the spot markets of large-cap digital assets.

Level III's edge stems from its foundational investment thesis and the application of its model-of-models approach, multidimensional portfolio diversification, and proprietary software, technology, and trading infrastructure. In the volatile world of digital assets, effective risk management is key, and Level III capitalizes  on the rich opportunities this fast-evolving asset class offers.

For more information, please contact Jack Zumwalt at info@l3cap.com or visit www.l3cap.com