Trieste Capital LLC

Trieste Capital provides discretionary portfolio management to high‑net‑worth individuals and a small group of institutional clients, including corporations, pension and profit‑sharing plans, and foundations. The firm operates as a solo advisory practice and generally charges asset‑based fees, with a stated account minimum that screens for larger clients rather than retail investors.

The firm pursues a fundamental, valuation‑driven approach across U.S. and non‑U.S. equities and equity‑related instruments, using proprietary screening and thematic research to identify undervalued opportunities. Trieste may employ derivatives, leverage and hedging tools — including options (both covered and uncovered), swaps, forwards and margin — in separately managed accounts, a practice that is uncommon among independent advisers.

Trieste manages all client assets in‑house without using third‑party subadvisers and does not follow preset asset‑allocation or diversification rules, which can lead to concentrated exposures. The firm also discloses potential referral compensation arrangements with a broker‑dealer and the possibility of using performance‑based incentive fees for qualified clients, features that may create conflicts and distinguish its governance and compensation practices from many peers.