# New Century Advisors

New Century Advisors is an Asset Manager based in Chevy Chase, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Chevy Chase, United States
- **Region:** North America
- **Address:** Chevy Chase, MD, United States
- **Founded:** 2000
- **Assets under management:** Undisclosed
- **Website:** ncallc.com
- **LinkedIn:** https://www.linkedin.com/company/130363

## Regulatory record

- **CRD number:** 122478
- **SEC file number:** 801-61423
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/122478

## About

New Century Advisors, LLC is an investment management firm that utilizes a wide spectrum of opportunities in seeking to manage complex risks and generate value for its clients. New Century has partnered with its clients aiming to develop and execute customized global and U.S. strategies to meet their unique needs, paying special attention to inflation. We pride ourselves in seeking to deliver superior risk-adjusted returns with a high touch client service approach. Please visit our website to view disclosures.

## Sectors

- Hedge Funds
- Fixed Income

## People

- Ellen Harvey — Founder and Chief Investment Officer

## Questions

### What is New Century Advisors' core investment strategy?

The firm runs concentrated, macro-driven portfolios of global inflation-protected bonds — primarily sovereign TIPS and equivalent instruments from the UK, France, and selected emerging markets — combined with commodity and real-asset exposure. Its benchmark is an inflation-plus target, not a standard bond index. The strategy allows the firm to take negative duration exposure to nominal bonds when the inflation outlook demands it.

### Who founded the firm and what prior experience shapes its investment approach?

Ellen Harvey founded New Century Advisors in 2000. She spent the prior eleven years at the World Bank managing its pension and liquid-asset portfolios across both developed and emerging markets. That experience — protecting a multilateral institution's capital against purchasing-power erosion — directly informed the firm's exclusive focus on inflation-linked bonds and real-return mandates.

### How does New Century Advisors implement its inflation-protected bond strategy?

The firm trades primarily through direct bond holdings rather than relying on derivatives-heavy structures. Harvey and her team set top-down duration and country weightings based on their read of central-bank policy paths and real-yield differentials across markets. Implementation is concentrated, with the team trading a relatively small number of high-conviction positions rather than building broadly diversified index-like exposures.

### What type of clients does New Century Advisors typically serve?

The firm manages separate accounts and a commingled fund for institutional allocators — public pensions, endowments, foundations, and sovereign wealth funds. Its investment minimums and strategy capacity have historically kept the client base institutional rather than retail or wealth-management-oriented.

### What distinguishes the firm from a large generalist bond manager?

The core distinction is a single-issue mandate — pure inflation protection — with no competing product silos, no equity or corporate-credit teams, and no drift toward generalist fixed-income management. An allocator who already has nominal Treasury and credit exposure elsewhere can use the firm as a dedicated real-return building block, with a governance structure that stays focused on real purchasing-power outcomes rather than nominal total returns.

### Does New Century Advisors publicly disclose assets under management?

No. The firm does not publicly report AUM. Its strategy capacity is naturally bounded by the liquidity of the global inflation-linked sovereign bond market, giving the portfolio a practical upper limit regardless of undisclosed scale.

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

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