Shadowfax Investments LLC

Shadowfax Investments provides discretionary portfolio management and financial planning primarily to individual investors through managed accounts and modular or hourly planning engagements. The firm tailors services to client needs and permits investment restrictions requested in account agreements.

The adviser follows a value-oriented, fundamental-analysis approach with typical holding periods of roughly six to 24 months and may pursue risk arbitrage and short positions when it identifies mispricings. Portfolios are relatively concentrated (generally 10–20 positions), and the firm may shift weightings between cash, debt and equities and employ options and margin to hedge or express views.

Distinctive aspects include the simultaneous use of performance-based compensation for Qualified clients alongside asset-based fees for others, and the active use of borrowing and derivatives in separately managed accounts to implement shorts, modest leverage and option strategies. The firm operates on a small scale—managing under $2 million for a handful of clients—and emphasizes event-driven and small-/mid-cap opportunities, a custodian selection that supports margin and global market access, and an idle-period fee waiver designed to limit fees when portfolios are held largely in cash.