Hingham, MA Office

Carapace provides discretionary portfolio management and sub‑advisory services primarily to high‑net‑worth and accredited investors, institutional clients, and other investment advisers. The firm also serves as manager and sponsor of multi‑series private funds (Carapace Funds LLC) offered to institutional and sophisticated high‑net‑worth investors.

Its investment approach centers on customized market‑linked hedging and investment strategies that combine a collateral portfolio (often diversified large‑cap equities or U.S. Treasuries) with exchange‑listed options, including FLEX options, typically with 12–15 month maturities. Carapace uses a proprietary, quantitative methodology to structure option combinations and collateral allocations to seek defined downside protection while providing capped upside participation or above‑average income, managing accounts on a discretionary basis.

Notable distinctions include the firm’s role as both a private fund sponsor/manager and a sub‑advisor to third‑party money managers, and the explicit use of derivatives within separately managed accounts alongside pooled vehicles. The brochure also discloses an affiliation with Oliver Luxxe Assets LLC (which provides equity selection for certain strategies and funds), a recent transition to SEC registration, and operational custody arrangements related to fee debiting and fund management—features that differentiate its governance and service model from many peers.