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Company: Little Harbor Advisors, LLC Name: Jeff Landle Web Address: www.littleharboradvisors.com Address: 30 Doaks Lane Marblehead, MA 01945 Telephone: +1 646-339-8455
Best in Sophisticated Multi-Strategy Investments - USA
Little Harbor Advisors, LLC Little Harbor Advisors selects and works with independent managers who have track records usually in excess of ten years to construct innovative investment vehicles we call “Composites.” These Composites can be constructed for the private institutional market or for the registered ‘40 Act fund market’. We got in touch with them to find out more.
Little Harbor officers have extensive investment management experience with an average of 26 years in the industry. Little Harbor is an investment advisor, registered with the SEC, exclusively focused on alternative investments. Our challenges are very similar to all advisors in the alternative investments space: new regulation, higher client expectations, and new market opportunities. With respect to new market opportunities, the growing awareness and appreciation of alternative investments by the financial advisory community presents new challenges and opportunities as it evolves. Little Harbor seeks to address this market’s specific and unique needs through its Composite structure.
petitive in nature. I think Little Harbor has done pretty well in all three areas and will continue listening to investors for future guidance. Our philosophy when it comes to clients is to provide institutional and qualified investors with measurable and understandable sources of return by working with synergistic managers that usually have between $100 million and $1.5 billion in assets under management, maintain their strategy focus, and possess track records of strong performance. We believe that large amounts of AUM can erode a manager’s performance and that transparency in a multi-strategy investment vehicle is crucial to understanding attribution. By combining the discrete strategies of disciplined mid-sized managers into a single diversified investment, investors may enjoy the benefits of strong performance and clear diversification, combined with enhanced transparency of underlying holdings, mature operations, sophisticated risk management, and efficient management and incentive fee structures.
Through its “Composite” structure, Little Harbor allocates to managers in a concentrated portfolio of high-conviction strategies in an efficient single investment, with visibility into the holdings of the underlying strategies, transparent risk reporting, and management and incentive fees that reflect an alignment of interests between investors, managers and Little Harbor. Our biggest success in the past 12 months was launching our unique multi-strategy composite structure. Our plans focus on education, continued structural innovation, and new product introduction.
As for the award, Little Harbor is pleased that qualified investors are beginning to appreciate the value of innovation, particularly in this case, innovation around multi-manager structures. This award points to both increasing awareness of our innovations and the insightful eye of the magazine’s editorial staff to recognize such. Appreciative is the best single word I can use to describe this achievement.
From our experience, the alternative investments marketplace has evolved at a rapid pace and has taken some major turns since 2008. Little Harbor has sought to address this changing environment with innovative structures that reflect the market’s desire for greater transparency, lower fees, lower correlations to the equity and credit markets, and a real focus on risk management. Our structural innovations have come from acute focus on investor and market demand following the debacle that was 2008. Innovation comes with its own challenges, be they regulatory, market acceptance, or com-
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