Western Standard, LLC

Western Standard, LLC is a privately owned investment adviser based in Los Angeles, California, established by Eric D. Andersen in November 2008. The firm is registered with the U.S. Securities and Exchange Commission (SEC) and primarily manages two private investment funds, Western Standard Partners, L.P. and Western Standard Partners QP, L.P., catering to accredited investors. The firm's investment strategy focuses on small capitalization stocks and aims to achieve above-market returns while minimizing risk. Western Standard charges a Management Fee of 0.375% quarterly and a Performance Allocation of 20% based on capital appreciation. Clients must generally invest a minimum of $250,000 in the funds, with discretion over investments held within the funds. As of December 31, 2024, the firm's discretionary assets under management were $564,881,656. Western Standard acts as a fiduciary, placing clients' interests first, and has no disciplinary events. The firm has full investment discretion over the funds and handles proxy voting and class actions on behalf of clients. Additionally, Western Standard has custody of the assets, subject to controls and audits to protect clients' investments. The firm does not have soft dollar arrangements or receive compensation for client referrals.