XSTAR Fund Management LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$360,063
Clients
2
Advisors
2
of 2 employees
About
XSTAR Fund Management LLC primarily serves accredited and high‑net‑worth investors through a privately offered pooled investment vehicle, XSTAR Value Fund LP, and offers separately managed accounts for clients with specific liquidity or income needs. The firm provides discretionary portfolio management to the Fund and tailors separate‑account strategies based on each client’s financial situation and objectives, treating each Fund investor as a client to whom it owes fiduciary duties.
The firm’s investment process combines top‑down macro analysis with bottom‑up fundamental research to value companies, focusing principally on U.S. publicly traded equities classified as undervalued, buy‑and‑hold, or special‑situation opportunities. Portfolios are typically concentrated and long‑biased, and the manager may use options, margin and other instruments and employ technical analysis for timing when building positions.
Distinctive features include a very small, single‑manager firm structure managing roughly $39.5 million in discretionary assets, which concentrates operational and key‑person risk more than is typical for larger managers. The firm also uses a performance‑based compensation arrangement tied to a market benchmark with an annual cap and high‑water‑mark mechanics and discloses the potential for side‑letter arrangements, soft‑dollar research use, and a prime broker relationship.
Client services
Expertise
Fee options
$0+: 0.25% annually for separately managed accounts $0+: 1.0% annually for Class A Limited Partners (Qualified Clients) in Fund $0+: 2.0% annually for Class B Limited Partners (Accredited but not Qualified Clients) in Fund
20% incentive allocation on Class A Fund interests based on net income exceeding hurdle rate with cap of 6% annually
Account minimum: $100,000 for separately managed accounts; $150,000 minimum subscription for Class A and Class B Fund interests (minimum additional contribution $20,000), both waivable at discretion Fee-only: 0.25% annually for separately managed accounts, 1.0% or 2.0% annually for Fund interests
Main office
Redmond WA
Advisors at this office
2
Most active in
Washington
Disclosures
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
Quick links
Advisors at this firm
Hieu N
Series 65
Redmond, WA
XSTAR Fund Management LLC
Hieu Nguyen is a financial advisor at XSTAR Fund Management LLC with nine years of industry experience. He holds a Series 65 designation and previously worked at Alphabet Inc. from 2016 to 2020. XSTAR Fund Management LLC serves accredited and high-net-worth investors through the XSTAR Value Fund LP and separately managed accounts tailored to client-specific liquidity or income needs. The firm employs a combined top-down macro and bottom-up fundamental investment approach focused on U.S. publicly traded equities, utilizing concentrated, long-biased portfolios and various instruments for position timing.
Thai Duong T
Series 65
Redmond, WA
XSTAR Fund Management LLC
Thai Duong Tran is the sole advisor at XSTAR Fund Management LLC in Redmond, WA. He holds a Series 65 credential and has five years of experience managing investments at XSTAR following roles at Neotech Ltd and Skyfarm JSC. XSTAR Fund Management LLC serves accredited and high-net-worth investors through a privately offered pooled investment vehicle and separately managed accounts. The firm employs a combined top-down macro and bottom-up fundamental research approach focused on undervalued U.S. publicly traded equities, using a concentrated and long-biased portfolio strategy with discretionary management.
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