Optimizing
Wealth Management

Alternative investments are powerful tools for optimizing client portfolios. Yet many financial advisors struggle to unlock their full potential due to complexity & implementation challenges.

Our cost efficient liquid fund solutions seek to solve this industry problem.

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Why Longboard?

True Diversification

Seeks to combine low correlation strategies from different fund managers.

Seek Absolute Returns

Striving for consistent performance across diverse markets.

Smoother Experience

Aims to smooth the ride of investing without sacrificing returns.

Access New Opportunities

Exposure to distinct strategies and different sources of return.

OPTIMIZED LIQUID ALTERNATIVES

An investment approach that combines carefully selected liquid alternative strategies—such as trend following, multi-strategy, gold, long-short equity, and others — to achieve low correlation to traditional portfolios. Seeking true diversification beyond what bonds can offer, designed topursue absolute returns across market cycles, and a smoother investment experience.

Absolute Returns
Seeks higher returns than bonds across market cycles1

Smoother Experience
‍Aims to reduce volatility and smooth the ride compared to traditional investments

OUR STORY

With more than 20 years of specialized experience in alternative investment strategies, we manage a low-correlation mutual fund and build custom alternative investment models and solutions tailored for wealth managers and investment advisors.

Led by Chief Investment Officer Cole Wilcox—a recognized thought leader in alternatives—our award-winning research2 has been prominently featured in best-selling investment books, influential academic papers, leading investing podcasts, and major media outlets including The Wall Street Journal, CNBC, and Bloomberg.

Cole Wilcox

Chief Investment Officer
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Sarah Baldwin

Portfolio Manager
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Howard Fraser

Managing Partner
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Liquid Alternative Insights

Our team delivers expert insights on liquid alternative investments and market trends.

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Our research

Longboard Asset Management’s award winning research drives its systematic trend-following strategy with data-driven precision. Advanced quantitative models capture market trends and price momentum, while rigorous backtesting and adaptive risk management seek to deliver absolute returns with low correlation.

Longboard wins best Quantitative Finance paper award

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Our Approach
Performance
Fund Library
DEFINITIONS

Beta: Measure of the systematic risk of a security or portfolio in comparison to the market as a whole.

Bloomberg Barclays US Aggregate Bond Index: The Bloomberg Barclays US Aggregate Bond Index, or the Agg, is a broad base, market capitalization-weighted bond market index representing intermediate term investment grade bonds traded in the United States. Investors frequently use the index as a stand-in for measuring the performance of the US bond market.  

Maximum Drawdown: The maximum loss from a peak to a trough of an investment or portfolio, before a new peak is attained.

Morningstar Moderate Target Risk Index: The index represents a portfolio of global equities, bonds, and traditional inflation hedges, such as commodities and TIPS. This portfolio is held in a static allocation of 60% equities and 40% fixed income, which is appropriate for U.S. investors who seek average exposure to equity market risk and returns.

Russell 2000 Small-Cap Index: A small-cap stock market index of the smallest 2,000 stocks in the Russell 3000 Index.

S&P 500 TR Index: A capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.

SG Trend Index: A leading benchmark for tracking the performance of a pool of the largest managed futures trend following based hedge fund managers that are open to new investment. The SG Trend Index is equal-weighted and reconstituted annually. The SG Trend Index is formerly known as the Newedge Trend Index.

Sharpe Ratio: Risk-adjusted evaluation of return on an investment, which indicate show well an equity investment is performing compared to a risk-free investment, taking into consideration the additional risk level involved with holding the equity instrument.

Sortino Ratio: Risk-adjusted evaluation of return on an investment that is a variation of the Sharpe Ratio, in that it only factors in downside risk. It is used more to evaluate high-volatility portfolios.

Standard Deviation: A measure of an investment’s volatility. Standard Deviation measures how much the investment returns deviate from the mean of the probability distribution of investments (how much the investment will deviate from its expected return).  Investors use this metric to help determine an investment or portfolio’s annual return by considering it historical volatility.

GENERAL DISCLOSURES

Longboard Asset Management, LP (LAM) is registered as an investment advisor with the Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability. This website is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications and links. The information on this site does not involve the rendering of personalized investment advice. You should consult a professional advisor before using any of the information, pursuing any of the investment ideas or implementing any of the strategies presented. We believe the information we present is factual and up-to-date, but we do not guarantee its accuracy and you should not regard it as a complete and exhaustive analysis of the subjects we discuss. Our opinions reflect our judgment as of the date of publication and are subject to change. Prospective clients can view the firm’s Form ADV and Part 2A Disclosure Brochure as filed with the SEC at https://adviserinfo.sec.gov/IAPD/Default.aspx or contact us for a copy. The content of this website is provided for informational purposes only and should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Longboard Asset Management, LP does not provide legal, tax, accounting, actuarial or pension consulting advice or services. Images and photographs are included for the sole purpose of visually enhancing the site. None of them are photographs of current or former clients. They should not be construed as an endorsement or testimonial from any of the persons in the photographs. Please see our online privacy policy.‍

PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THERE IS NO GUARANTEE THAT ANY INVESTMENT WILL ACHIEVE ITS GOALS AND GENERATE PROFITS OR AVOID LOSSES
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ADDITIONAL DISCLOSURES

Longboard Asset Management, LP (LAM) is registered as an investment advisor with the Securities and Exchange Commission (SEC) and only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. SEC registration does not constitute an endorsement of the firm by the Commission, nor does it indicate that the advisor has attained a particular level of skill or ability.

PAST PERFORMANCE IS NOT AN INDICATION OF FUTURE PERFORMANCE.

The information set forth herein has been obtained or derived from sources believed by Longboard Asset Management to be reliable. However, Longboard does not make any representation or warranty, express or implied, as to the information’s accuracy or completeness, nor does Longboard recommend that the attached information serve as the basis of any investment decision. Longboard hereby disclaims any duty to provide any updates or changes to the analysis contained in this document. Market analysis, returns, estimates and similar information, including statements of opinion/belief contained herein are subject to a number of assumptions and inherent uncertainties. There can be no assurance that targets, projects, or estimates of future performance will be realized.

Correlation statistics are based on historical data and may not persist in the future.

Expense ratios and fees are described in the fund’s prospectus.

Media appearances are for educational purposes only and should not be construed as endorsements.

1 See 10-year growth of $10,000 graph on Performance webpage highlighting the long-term differences between the Fund and its primary benchmark, the Bloomberg Barclays US Aggregate Bond Index, 1/1/16 – 12/31/25.

2 “Does Trend Following Still Work on Stocks?”, of which Cole Wilcox was a co-author, received the “Best Quantitative Finance” research paper award by Diaman Partners. Criteria included practical applicability, methodological rigor & innovation, focus on quantitative strategies, clarity and transparency, and high quality original work. No compensation was provided in connection with the award.

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