# Fleckenstein Capital, Inc.

Fleckenstein Capital, Inc. is an Asset Manager.

## Overview

- **Organization type:** Asset Manager
- **Assets under management:** Undisclosed
- **Website:** https://fleckenstein.io

## Regulatory record

- **CRD number:** 116810
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/116810

## About

FLECKENSTEIN CAPITAL, INC. is a state-registered investment adviser with $61 million in regulatory assets under management. The firm has 2 employees and 2 investment advisers. It operates with a small team.

## People

- William Fleckenstein — Founder/President

## Questions

### What is Fleckenstein Capital's investment strategy?

Fleckenstein Capital employs a concentrated short-selling and macro investing approach, focusing on identifying overvalued assets and market bubbles. William Fleckenstein has historically targeted sectors such as technology and financials, using derivatives to express bearish views.

### Who runs investment decisions at Fleckenstein Capital?

William Fleckenstein, the founder and president, makes all investment decisions. He is a well-known market commentator and author of 'Greenspan's Bubbles' (2008), which outlines his critique of Federal Reserve policy.

### What publications has William Fleckenstein written?

Fleckenstein authored 'Greenspan's Bubbles: The Age of Ignorance at the Federal Reserve' (2008), which discusses the Fed's role in creating asset bubbles. He has also contributed to financial news outlets like Forbes and Real Clear Markets.

## Related profiles

- [R. Hilles Graham](https://altss.com/profile/r-hilles-graham)

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

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