Forager Capital Management, LLC

Forager Capital Management, LLC is an investment adviser established in July 2011, located in Birmingham, AL. The firm specializes in security selection and portfolio management, focusing on small market capitalization equities but with a broad mandate for various securities. Forager offers its services through pooled investment vehicles and separately managed accounts. The minimum investment required is $1,000,000, subject to case-by-case adjustments. Forager charges both performance-based fees and asset-based management fees, with management fees not exceeding 2% annually. The firm may engage in hedging strategies and invest in various instruments, including options, futures, and swaps. Forager has discretionary authority over client accounts and has adopted a proxy voting policy to ensure votes are in clients' best interests. The firm does not have any disciplinary events to report and complies with the Custody Rule by using a qualified custodian for client assets. Clients receive regular reports and have access to their account statements. Forager does not engage in broker-dealer activities or receive compensation for client referrals. The firm's Code of Ethics emphasizes confidentiality, material non-public information, fiduciary duty, and conflicts of interest. Clients are encouraged to review the firm's fee structure, investment strategies, and risk factors before investing.