Appian Way Asset Management Lp

Appian Way Asset Management LP, established in August 2019, is a New York-based investment advisory firm primarily owned by Andrew C. Byington. The firm offers discretionary investment advisory services to pooled investment vehicles and separately managed accounts, managing approximately $795 million in client assets as of December 31, 2024. Appian Way charges an asset-based management fee of up to 1.5% annually and a performance fee of 20-25% of client profits, subject to a high watermark. The firm employs a sector-focused, market-neutral equity investment strategy, emphasizing fundamental research and risk management in sectors like industrials, materials, technology, energy, and consumer goods. Appian Way utilizes quantitative tools and proprietary models to optimize position sizing and risk management. The firm may engage in short selling, leverage, and derivative investments, while maintaining a sector concentration of at least 75% in industrials and materials. Appian Way compensates third-party solicitors for client referrals and engages in soft dollar arrangements for research services. The firm exercises investment discretion for clients and is responsible for voting client securities unless directed otherwise. Appian Way has no known disciplinary events in the past 10 years and maintains custody of client assets with qualified custodians. The firm has not been subject to bankruptcy proceedings and does not require advance fee payments. For further details, clients are encouraged to refer to the relevant Offering Documents.