# Glacier Peak Capital Management

Glacier Peak Capital Management is an Asset Manager based in Chatham, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chatham, United States
- **Region:** North America
- **Address:** Seattle, WA, United States
- **Founded:** 2010
- **Assets under management:** Under $500M (Altss estimate)
- **Website:** glacierpeakcm.com

## Regulatory record

- **CRD number:** 164409
- **SEC file number:** 801-113285
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/164409

## About

Glacier Peak Capital Management, LLC is an SEC-registered investment adviser in Chatham, NJ, registered since 2018. The firm manages approximately $9.9 billion in assets. It has 5 employees and 2 investment advisers.

## Sectors

- Hedge Funds
- Healthcare Services
- Financial Services
- Real Estate

## People

- Andrew Schaff — Chief Investment Officer

## Questions

### Who makes investment decisions at Glacier Peak Capital Management?

Andrew Schaff, the firm's founder and Chief Investment Officer, makes all portfolio decisions. He launched the firm in 2010 and runs the concentrated long/short equity strategy as the sole lead portfolio manager. The firm operates with a lean structure where the CIO retains final authority on all position sizing, entry, and exit decisions.

### What market capitalization range does Glacier Peak target?

The firm focuses primarily on small- and mid-capitalization equities in the US market. Schaff has described targeting companies where smaller research coverage and structural complexity create the widest gaps between price and intrinsic value. The strategy occasionally extends to micro-cap restructurings and Canadian-listed equities when the opportunity set warrants it.

### Which sectors does Glacier Peak have the deepest expertise in?

Financial services, healthcare, and real estate have historically been the firm's areas of deepest domain expertise. Schaff has invested through bank restructurings, REIT recapitalizations, and healthcare services consolidation. This sector concentration reflects where the firm's fundamental research process has historically uncovered the most catalyst-driven mispricings.

### Does the firm participate in private placements or only trade public equities?

The firm's primary strategy operates in publicly traded equities. While concentrated small-cap managers sometimes participate in PIPEs or pre-IPO rounds, Glacier Peak's regulatory filings and public commentary frame the firm as a public-markets long/short equity manager rather than a crossover or private-placement participant.

## Related profiles

- [GKB Partners](https://altss.com/profile/gkb-partners-llc)
- [Glacier Wealth](https://altss.com/profile/glacierwealth)

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

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