Upslope Capital Management

Founder Cory Hoffman is the sole portfolio manager and makes all investment decisions. Before launching Upslope in 2015, Hoffman spent roughly a decade at Janus Henderson, where he was a portfolio manager and research analyst co-managing the Janus Global Research Fund. His earlier career included roles at Goldman Sachs and Credit Suisse. The concentrated, high-conviction nature of the portfolio reflects a single decision-maker model.

Upslope runs a concentrated, long/short equity strategy focused on mid-capitalization companies, typically those with market caps between $2 billion and $15 billion. The firm takes a fundamental, bottom-up approach, seeking quality businesses with sustainable competitive advantages where a near-term catalyst can drive a re-rating. The long book typically holds 20 to 35 names, with top positions able to exceed 10% of capital, while the short book targets companies with deteriorating fundamentals or structural challenges.

No, Upslope Capital Management appears to operate a single commingled strategy. All client capital is managed in a unified long/short equity portfolio, a structure that aligns all investors with the same return stream and avoids the complexity and potential conflicts of side-by-side management. The firm's deliberate capacity discipline means it is unlikely to proliferate multiple products.

The firm's founder invests his own capital alongside clients in the main fund, creating direct economic alignment that reduces the temptation to gather assets aggressively or take outsized risks. While Upslope has historically kept a low public profile regarding its precise fee schedule, the concentrated, high-conviction, single-PM model is consistent with the standard hedge fund '1.5 and 20' or comparable performance-fee structure that rewards absolute returns rather than asset gathering.

Upslope has historically prioritized strategy integrity over asset growth, and has not publicly disclosed its assets under management. The firm's concentration in mid-cap equities — a less liquid segment of the market — imposes a natural capacity constraint on the strategy if it is to continue moving nimbly. This restraint is a structural feature of the firm's philosophy: protecting the ability to generate alpha for existing clients by not diluting the strategy with too much capital.