# Absolute Investment Advisers

Absolute Investment Advisers is an Asset Manager based in Rosemary Beach, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Rosemary Beach, United States
- **Region:** North America
- **Address:** Marblehead, MA, United States
- **Founded:** 2004
- **Assets under management:** Undisclosed
- **Website:** absoluteinvestors.com
- **LinkedIn:** https://www.linkedin.com/company/absolute-investment-advisers-llc

## Regulatory record

- **CRD number:** 132436
- **SEC file number:** 801-63488
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/132436

## About

ABSOLUTE INVESTMENT ADVISERS, LLC is an SEC-registered investment adviser in ROSEMARY BEACH, FL, registered since 2004. The firm manages $2.2 billion in assets, $2.1 billion on a discretionary basis. It has 16 employees and 7 investment advisers.

## Sectors

- Hedge Funds
- Secondaries & Special Situations

## Offices

- Stamford, CT

## People

- James A. Swanson — Chief Investment Officer
- Fabian Onetti — Partner

## Questions

### How does the firm generate return in a rising interest-rate environment?

The strategy is fundamentally credit- and spread-driven rather than a directional bet on low rates. When rates rise and growth stocks sell off, the convertible bond's fixed-income floor and coupon become more significant relative to the equity option. The firm also benefits from higher reinvestment rates on the cash leg of the arbitrage and from secondary-market dislocations when levered sellers unwind positions.

### Who makes the investment decisions?

Co-founders James A. Swanson and Fabian Onetti are the key decision-makers. Swanson serves as Chief Investment Officer and has been the public face of the strategy, while Onetti is named as a partner. The firm operates with a concentrated investment team, meaning the principals are directly involved in portfolio construction and trade execution.

### Does Absolute Investment Advisers manage commingled vehicles?

Yes. In addition to separately managed accounts, the firm has historically managed a mutual fund and a closed-end fund. The closed-end fund structure allows the firm to run less-liquid positions in smaller convertible issues, but it also introduces a layer of complexity around trading at premiums or discounts to net asset value.

### What is the known structural risk in the strategy?

The primary structural risk is a sustained period of low volatility alongside a freeze in primary convertible issuance, which compresses the supply of new arbitrage opportunities and narrows secondary-market spreads. Additionally, because the portfolio concentrates in sectors like technology and biotech, it can be disproportionately affected by regulatory shocks or a broad sell-off in growth equities that is too rapid to delta-hedge cleanly.

## Related profiles

- [R L Capital](https://altss.com/profile/r-l-capital-llc)
- [Blue Chip Partners](https://altss.com/profile/blue-chip-partners-llc)

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Last updated: 2026-06-03T20:00:00.000Z

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