CPH Advisors

CPH Advisors

CPH Advisors combines the sensibilities of a proprietary trading desk with the permanence of single-family capital. The office was formed by Charles P. Hehmeyer, a veteran of Chicago's open-outcry trading floors who rose to lead Hehmeyer Trading — a firm that evolved from a floor brokerage into a global electronic market-making operation before its sale. That legacy shapes CPH Advisors' investment architecture: a lean internal team that allocates capital primarily to external trading firms, quantitative managers, and niche private funds where Hehmeyer's own career network provides an informational edge. The office's public-markets allocation concentrates on global macro and systematic strategies run by external managers — a reflection of the founder's lifelong observation that superior risk management, not asset-class selection, drives long-term compounding. On the private side, the firm participates in venture and growth-equity rounds through established GP relationships, often co-investing alongside managers who themselves traded or built financial technology businesses. Geographic exposure spans North American and European markets, with occasional tactical allocations to Asian liquid strategies. The internal team remains small by design, consistent with a family office that functions more as an allocator than an operator. CPH Advisors does not publicly report assets under management, nor does it maintain a visible external footprint — no dedicated website, no LinkedIn presence, no media outreach. Adjacent vehicles and philanthropic structures tied to the Hehmeyer family are not publicly separated from the investment entity in available filings, underscoring the office's preference for privacy over institutional branding. Structurally, CPH Advisors occupies a rare niche: a single-family office whose investment engine was reverse-engineered from the founder's career as a liquidity provider and risk intermediary, not from an operating-company exit. This means its governance and allocation decisions reflect a trader's time horizon — quarterly mark-to-market discipline paired with multi-year lockups where the asymmetry justifies the illiquidity. The absence of outside limited partners eliminates redemption-risk constraints that shape most institutional portfolios, giving the office a genuine structural advantage in capacity-constrained manager access.