Discovering true alternative performance

At 151 Capital Management LLC, we seek to refine alternative investment management. Our mission is to partner with investors who value proper hedging and diversification, offering bespoke investment strategies tailored to their unique needs. With a focus on institutional-grade solutions, we combine extensive industry expertise with responsible decision making.

As broader markets and traditional asset classes continue to navigate through periods of volatility, the appetite for uncorrelated investment strategies continues to expand with force. Through our robust investment process and honest founding principles, 151 Capital is uniquely positioned to serve as the ideal thought partner and steward for its investors.

A Personal Note

Throughout my life, when finding the right person to associate with, whether it be a manager, a mentor, an intern, or even a babysitter, I often seek out three qualities: competence, integrity and heart. After almost 20 years in institutional portfolio management and 15 years of fatherhood, I have found that these attributes contributed greatly not only to my growth as a manager and parent, but also to the many healthy relationships that I am blessed to have today. It only makes sense that 151 Cap should be founded on the same principles.

Yes, we are in the performance business, but first and foremost we are in the trust business. We strive for strong returns, but we don’t promise them. What we do promise is that everything we operate by will be driven by these founding principles. This is the commitment we make to our partners and is the same commitment we make to ourselves and our loved ones.

Our Values


We do our job with discipline, accuracy, and excellence above others. We trust that if we build a strong process across all functions, we will deliver favourable results consistently.


We are guided by an innate moral compass paired with heavy emphasis on honesty and transparency; we tell you what you need to hear, not what you want to hear.


We have a humility that drives us to always ask questions and learn from our mistakes. We recognize that we are human, which leads us to embrace our strengths but more importantly, account for our weaknesses.

Our Team

Sunny Novacheck

Managing Partner

Sunny has over 15 years of experience working in community impact initiatives locally, across the country and abroad. Currently, Sunny works heavily with the leadership of the Westlake Academy Foundation, dedicated to making a tangible impact in the world by supporting various meaningful causes, including:education, mental health, infectious disease awareness and prevention, and domestic abuse prevention. Sunny earned her B.S. in Engineering from the U.S.Military Academy at West Point and served as a Captain in the 205th MilitaryIntelligence Battalion (Hawaii). Additionally, Sunny remains a highly active member of the Kickapoo Tribe of Oklahoma, where she and her family are tribal members.

Marcus Novacheck

Managing Partner

Marcus has almost two decades of experience in the institutional asset management industry. Prior to founding 151 Capital, Marcus spent seven years trading special situations at Cubist Systematic Strategies, a subsidiary of Point72 (formerly SAC Capital). He was responsible for idea generation, analysis, and trading. He previously traded in a similar role at Credit Suisse on the Global Arbitrage Trading desk, focusing on special situations and inefficiencies across stocks, indexes, ETFs, futures, options, and swaps. Marcus earned his B.S. in Engineering from the U.S. Military Academy at West Point and served as a Captain in the 25th Infantry Division (Hawaii). He also holds an MBA in Finance from Stern School of Business at NYU and serves as a member of Astoria Portfolio Advisors’ Investment Committee.

Anna Bailey

Sub-Advisor | Origination

Anna, with with over thirteen years of experience in the life settlements industry, oversees all sourcing and origination. Prior to forming Chestnut Capital in 2016, Anna served as Chief Investment Officer for RiverRock Funds, where she oversaw the firm’s life settlement platform including screening and purchasing policies for seven funds. Anna joined Bluefin Alpha Growth as Head of the Advisory Board in October of 2018 giving oversight to its portfolio. In 2009, Anna joined the European Life Settlement Association (ELSA) participating in the Steering Group then ultimately being elected as Deputy Chairman and Chairman. Anna was awarded a Lifetime Achievement Award by ELSA members in recognition for her achievements on behalf of ELSA and the life settlement industry. In October of 2019 Anna was elected by the International Life Markets Association (BVZL) as Head of the U.S. Sector.

Brandon Chu


Brandon oversees all business development and operations at 151 Capital. Before launching the firm with Marcus in 2020, Brandon was responsible for business development at Alcentra where he specialized in high yield, leveraged loans, and direct lending. Prior to Alcentra, he was on the investor relations team at Ellington Management Group, where he covered alternative credit and private debt. After earning his B.S. in Finance from the University of Pittsburgh, Brandon began his career in the fixed income and structured credit group at Bloomberg LP, specializing in commercial and residential MBS, ABS, and CLOs. He serves as Co-Chair to the Eastern Regional Associate Board for UPchieve, an EdTech nonprofit that provides free online tutoring services to low-income high school students across the United States.