Hfr Asset Management, L.l.c

HFR Asset Management, LLC is a Chicago-based investment adviser specializing in transparent hedge fund managed accounts and investable hedge fund index tracker products. Founded by Joseph G. Nicholas in 1993, the firm offers daily position-level reporting, risk management, and third-party pricing. HFR manages portfolios of private pooled vehicles, selects third-party hedge fund managers, and provides portfolio management advisory services to accounts. The firm's assets under management (AUM) as of December 31, 2022, were approximately $753 million. HFR's investment strategies include equity hedge, event-driven, macro/CTA, and relative value arbitrage, with monthly liquidity and no lock-up period. The firm also manages fund of fund portfolios and HFRX Tracker Funds. Fees range from 0% to 3.50% per year for managed accounts and 0% to 0.85% for fund of funds. HFR may receive performance-based fees and has a comprehensive Code of Ethics in place. The firm primarily serves hedge fund vehicles structured as exempt investment companies under the Investment Company Act of 1940, with a minimum account size of $15 million. Clients have investment discretion for separately managed accounts, while HFR retains discretion for the HFR LA Trust. HFR has no disciplinary history and maintains a robust compliance program. For more information, contact Michael Arenibar, CEO, at 312-327-0430.