Portage Capital Management LLC

Portage Capital Management is a state-registered, independent advisory firm that provides discretionary portfolio management and investment supervisory services to individuals and pooled investment vehicles, including a private hedge fund. The firm tailors portfolios to clients’ investment objectives, time horizons, risk tolerance and liquidity needs and generally charges fees based on a percentage of assets under management.

Portage combines fundamental and statistical analysis with asset-allocation decisions and employs both long- and short-term trading strategies; it may use options and other derivatives in separately managed accounts when consistent with client objectives. The firm also accepts performance-based fee arrangements for qualified investors and conducts account reviews at least quarterly under discretionary authority.

What distinguishes Portage from many solo independent advisers is that it serves pooled vehicles and acts as adviser to its own private fund, which may negotiate side letters with certain investors and pay carried interest, creating additional conflicts that the firm discloses. The firm operates with a relatively small asset base (reported discretionary AUM of about $26.7 million) and a compact client roster, and it relies on a written code of ethics and internal procedures to address time-allocation and conflicts arising from its fund and derivative activities.