Corax Asset Management

Corax Asset Management provides portfolio management services to high‑net‑worth individuals and charges fees based on a percentage of assets under management. The firm focuses on active, long‑biased equity management and includes ETFs and open‑end mutual funds in client portfolios; it generally expects a $500,000 account minimum but may accept smaller accounts at its discretion.

The firm’s investment approach is a bottom‑up value discipline concentrated in small, value‑oriented companies with a consumer sector emphasis, using proprietary screening, industry contacts, and financial‑statement analysis to identify businesses experiencing short‑term distress that may offer tangible value. Portfolios tend to be concentrated and managed with written discretionary authority, while permitting client‑imposed restrictions and case‑by‑case tailoring.

Noteworthy differences from many peers include the firm’s concentrated small‑cap consumer focus and its disclosure that, at times, client holdings collectively represent relatively large portions of certain issuers’ outstanding shares, which can increase liquidity and volatility risk. Operationally, Corax executes through an institutional Schwab platform and discloses receipt of support services from that custodian, maintains a trade‑error policy under which the firm absorbs losses from its errors, and generally retains proxy‑voting responsibility for client accounts.