# Adage Capital Management

Adage Capital Management is a Hedge Fund based in Boston, United States.

## Overview

- **Organization type:** Hedge Fund
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** adagecapital.com
- **LinkedIn:** https://www.linkedin.com/company/adage-capital-management

## Regulatory record

- **CRD number:** 160679
- **SEC file number:** 801-73131
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/160679

## About

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.

## Sectors

- Healthcare Services
- Enterprise Software
- Financial Services
- Consumer Discretionary

## People

- Phillip Gross — Co-Founder & Managing Director
- Robert Atchinson — Co-Founder & Managing Director

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

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