Overview
Firm Description
Adage Capital Management, L.P. (“ACM”) was formed in 2001. Bob Atchinson and Phill
Gross are the managing directors and principal owners of the firm. Bob and Phill have
worked together since 1985. ACM, collectively with its affiliates Adage Capital Services,
LLC (the “Relying Adviser”) and Adage Capital Partners GP, L.L.C. (the “General
Partner”), provides investment advisory services to its sole client, Adage Capital
Partners, L.P. (“ACP”), a private investment fund. ACM does not manage any separate
accounts.
Principal Owners
Bob Atchinson and Phill Gross are the principal owners of ACM.
Types of Advisory Services
ACM manages ACP primarily through industry-specific portfolios that are managed by
analyst/portfolio manager teams or individuals. ACM’s analysts focus on adding value
by stock selection based on intra-industry fundamental analysis. In addition to taking
long positions, ACM uses leverage, sells securities short, and invests in derivatives, U.S.
and non-U.S. equity and equity-related securities and other financial instruments and
private securities. In addition, ACM will from time to time, as it determines in its
discretion, utilize analysts focusing on additional methodologies for identifying
investments for ACP, including risk arbitrage and other event driven opportunities. All
limited partner investors in ACP share in gains and losses in proportion to their
investment in ACP.
Tailored Relationships
The investors (each a “limited partner”) of ACP do not have the ability to individually
tailor their investment or impose unique investment restrictions.
Wrap Fee Programs
ACM does not participate in wrap fee programs.
Assets Under Discretionary and Non-Discretionary Management
As of December 31, 2023, ACM has net assets under discretionary management of
$38,641,722,627 and no assets under non-discretionary management.
Firm Brochure –Part 2A of Form ADV6March 27, 2024