Who is Longboard?

  • Longboard is a boutique investment manager
  • We seek to deliver the diversification benefits of hedge funds without hedge fund performance fees
  • Our strategies are crafted with a disciplined and repeatable investment process
Longboard is led by hedge fund specialists with deep experience and a track record of success through multiple market environments.
Click on the managers below to learn more.
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Cole Wilcox

Chief Executive Officer,
Chief Investment Officer,
Portfolio Manager

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Michael Striano

Director of Trading,
Portfolio Manager

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Sarah Baldwin

Managing Director of Investments,
Portfolio Manager

Boutique by Design

More assets may be good for the business but can be bad for returns.
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As the level of assets under management rise, the ability to meaningfully participate in a broad investable universe shrinks, trading impact costs rise, and the potential for alpha erodes. In asset management, we find diseconomies of scale — as mutual funds and hedge funds get larger, their performance tends to suffer.


Joseph Chen, Harrison Hong, Ming Huang, Jeffrey D. Kubik; "Does Fund Size Erode Mutual Fund Performance?" The Role of Liquidity and Organization” (Dec. 2004) Andrea Gentilini, “How AUM Growth Inhibits Performance” (May 2014)

Alpha: Alpha represents the performance of a portfolio relative to a benchmark. Alpha is often considered to represent the value that a porfolio manager adds to or subtracts from a fund's return.

AUM: Assets under management.

Diversification Benefits of
Hedge Fund Strategies in a Mutual Fund

Growth of $10,000

Dec. 31, 1999 - Dec. 31, 2018
Source: Morningstar Direct
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

Stocks are represented by: S&P 500 Index
Bonds are represented by: Bloomberg Barclays U.S. Aggregate Bond Index
Managed Futures are represented by: SG Trend Index

Diversification Benefits of Hedge Funds In a Mutual Fund

Dec. 31, 1999 - Dec. 31, 2018
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS