Hite Hedge Asset Management LLC (Quincy)

Hite Hedge Asset Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hite Hedge Asset Management: assets under management

The assets under management (AUM) of Hite Hedge Asset Management LLC is $1.11 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4227% since the beginning of its operation, and $421.41 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.11 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $100.71 million each.

Hite Hedge Asset Management has custody of $1.11 billion in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hite Hedge Asset Management LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hite Hedge Asset Management serves?

The only and largest group of clients of Hite Hedge Asset Management is pooled investment vehicles with 11 clients and $1.11 billion of assets under management. Among the 10 most similar advisory firms, Hite Hedge Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.11 billion for 11 clients. 36% of the firm’s clients are foreign persons or businesses.

Hite Hedge Asset Management also advises several private funds. Namely, nine hedge funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at Hite Hedge Asset Management LLC

The company employs 8 people that are either part- or full-time employees. 75 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Based in Quincy

The principal office where Hite Hedge Asset Management LLC performs its advisory services is located at 300 Crown Colony Drive, Quincy, MA 02169, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-431-4360 or by fax 617-431-4361. The normal business hours are 8 a.m.to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at hitehedge.com.

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