Entities

Adage Capital Management

Adage Capital Management

Entity Type
Link
Location
Founding Date
2001

Adage Capital Management is a privately owned hedge fund that manages assets primarily for endowment and foundation clients. Clients include Harvard University, Northwestern University, Dartmouth College, the American Red Cross, and the Getty Foundation. It is composed of a team of industry-specific portfolio managers that employ fundamental intra-industry investment approaches to achieve its investment objectives.

  • Assets under management: $8.9 billion (circa 2019)
  • The firm endured 38% losses from the 2008 financial crisis but it immediately bounced back the following year with 41% gains.
  • Investors praised the firm's consistent outperformance of market indexes.
  • It ranked No. 1 in performance and investments on Alpha's Hedge Fund Report Card in 2013.