ADAGE CAPITAL MANAGEMENT, L.P.

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Adviser Profile
As of Date 03/27/2024
Adviser Type - Large advisory firm
Number of Employees 54 1.89%
of those in investment advisory functions 35 -2.78%
Registration SEC, Approved, 2/17/2012
AUM* 51,963,689,430 16.44%
of that, discretionary 51,963,689,430 16.44%
Private Fund GAV* 51,963,689,430 16.44%
Avg Account Size 51,963,689,430 16.44%
SMA’s No
Private Funds 1
Contact Info 617 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
58B 50B 42B 33B 25B 17B 8B
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$51,963,689,430

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Brochure Summary

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