Pale Blue Capital LLC

Pale Blue Capital LLC provides ongoing, tailored portfolio management to individuals, high-net-worth clients, charitable organizations, and business entities, documenting each client's goals and risk tolerance in an Investment Policy Statement. Like many independent advisers, it implements client portfolios on a discretionary basis and typically charges asset-based fees for standard services.

The firm combines fundamental analysis and modern portfolio theory with a range of investment strategies, including long- and short-term trading, short sales, margin and options trading, and allocations to mutual funds, ETFs, real estate funds, private placements and venture capital interests. Portfolios are monitored regularly with quarterly reporting, and PBC emphasizes documented risk profiles and equitable allocation of limited investment opportunities, including IPO participation.

What distinguishes the firm from most solo independent advisers is its willingness to offer performance-based fee arrangements to qualified clients and to manage accounts for institutional-type clients such as charities and corporations, practices that are relatively uncommon in this peer group. Despite its small scale and recent reorganization from a prior entity, the adviser manages both performance-fee and non-performance accounts, discloses potential side-by-side conflicts, and relies on institutional custody relationships that include access to research and soft-dollar benefits.