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Adage Capital Management
Adage Capital Management is an SEC-registered investment adviser in Boston, MA, registered since 2012. The firm manages $70.4 billion in assets.
Adage Capital Management
Adage Capital Management is an SEC-registered investment adviser in Boston, MA, registered since 2012. The firm manages $70.4 billion in assets. It has 62 employees and 42 investment advisers.
General information
Firm type
Hedge Fund
Year founded
2001
Location
Region
North America
Country
United States
City
Boston
Corporate office
Boston, MA, United States
Principals
Phillip Gross
Co-Founder & Managing Director
Robert Atchinson
Co-Founder & Managing Director
Sector focus
Frequently asked questions
Who founded Adage Capital Management and what is their background?
Phillip Gross and Robert Atchinson founded Adage Capital Management in 2001 after leaving Harvard Management Company, where they managed the endowment's domestic equity portfolio. Both are veteran public-markets investors, and their Harvard ties directly shaped the firm's endowment-like approach to concentrated, fundamental investing.
What is Adage's investment strategy?
Adage runs concentrated, long-only and long/short equity portfolios focused on US large- and mid-cap stocks. The firm uses bottom-up fundamental research to build 30- to 50-name portfolios, with significant allocations to healthcare, technology, and financial services. It does not engage in macro trading or systematic strategies.
What is Adage's relationship with Harvard University?
Harvard Management Company was the anchor investor when Adage launched in 2001, providing initial capital and a significant institutional endorsement. Gross and Atchinson's prior roles as Harvard's domestic equity heads gave them the network and reputation to attract other endowment, foundation, and pension clients.
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