Greyfox Investors LLC

GreyFox Investors LLC provides discretionary portfolio management and asset-allocation services focused on U.S. equities for individual clients and certain qualified entities, with a client roster that is small and concentrated (roughly $1.6 million in AUM across a limited number of accounts). The firm generally bills on a percentage-of-AUM basis and reports working primarily with non-high-net-worth individual clients rather than a typical HNW clientele.

The firm’s investment process combines a quantitative, factor-driven relative-value model with sector-by-sector stock selection and fundamental research, using optimization and multi-factor risk models to construct sector-neutral, fully invested, medium-to-long-term equity portfolios. Strategies are long-only (the firm has discontinued short-equity approaches), and GreyFox also offers, where negotiated for qualified clients, a tailored speculative approach that includes a performance-based fee component.

Distinctive features include the availability of performance-based fees — an uncommon practice among firms in this category — and an atypical client mix that does not emphasize high-net-worth households. Together with its small scale and negotiable fee arrangements, these elements suggest a boutique adviser model that can customize fee structures and selectivity of strategies for individual client circumstances.