# Signia Capital Management

Signia Capital Management is an Asset Manager based in Spokane, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Spokane, United States
- **Region:** North America
- **Address:** Spokane, WA, United States
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** signiacapital.com
- **LinkedIn:** https://www.linkedin.com/company/signia-capital

## Regulatory record

- **CRD number:** 121505
- **SEC file number:** 801-134770
- **Registration status:** Registered
- **Latest Form ADV filing:** 2026-05-11T00:00:00.000Z
- **Reports private funds:** No
- **Private funds reported:** 0
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/121505

## About

SIGNIA CAPITAL MANAGEMENT is an SEC-registered investment adviser in SPOKANE, WA, registered since 2025. The firm manages approximately $109 million in assets. It has 4 employees and 2 investment advisers.

## People

- John W. Rudolf — Founder and Chief Investment Officer

## Questions

### Who runs investment decisions at Signia Capital Management?

John W. Rudolf, the firm's founder, serves as Chief Investment Officer and has been the sole portfolio manager since inception in 2001. Regulatory filings indicate all investment authority rests with Rudolf, with no co-portfolio managers or investment committee publicly disclosed.

### What was Signia's most notable performance period?

The firm gained national attention for a 65% return in 2007 (per Reuters, 2008), driven predominantly by short positions in subprime mortgage lenders, homebuilders, and consumer-finance companies ahead of the financial crisis. This performance pushed firm assets to roughly $1.7 billion by mid-2008.

### How is Signia Capital structured as a firm?

Signia operates as a single-manager hedge fund with one office in Spokane, Washington. No parallel long-only funds, adjacent vehicles, or philanthropic structures are publicly disclosed. The firm has no known institutional marketing presence or outside board, making it a lean, founder-driven boutique.

### What happened to Signia's assets after 2008?

Signia's asset base contracted sharply from its $1.7 billion peak, driven by performance headwinds as post-crisis equity rallies punished persistent short sellers. By 2020, regulatory filings indicated AUM had fallen below $100 million, reflecting a dramatic reversal from the firm's crisis-era scale.

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- [Pelican Bay Asset Management](https://altss.com/profile/pelican-bay-asset-management-inc)
- [Abel Financial Management](https://altss.com/profile/abel-financial-management-co)

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

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