HighVista Strategies LLC

HighVista Strategies LLC provides investment advisory services primarily to pooled investment vehicles (the HighVista Funds) and separately managed accounts for institutions and sophisticated investors, including endowments, foundations, retirement and pension plans and sovereign wealth funds. As of December 31, 2025 the firm reported approximately $9.1 billion in regulatory assets under management and offers multi-asset portfolios as well as strategies that concentrate on private credit and biotechnology investments.

HighVista’s Multi‑Asset Strategy uses proprietary risk and correlation models to determine portfolio asset mix and combines direct internal strategies with allocations to external managers, specialist partners and third‑party investment vehicles. The firm implements its asset allocation through a broad range of instruments—including marketable equities, fixed income, alternative assets, derivatives and, where appropriate, modest leverage—and manages accounts with differing fee arrangements and side‑by‑side allocation policies.

Notable disclosures in the brochure include affiliations with related advisers (HighVista Private Capital Management LLC and HighVista SBIC Capital Management LLC) and reliance on CFTC No‑Action Letter No. 25‑50, with related entities operating as an exempt commodity pool operator and commodity trading adviser. The firm also discloses that it selects other advisers and specialist partners for certain investments and that its marketing and offering materials may include predecessor performance, third‑party ratings, testimonials and endorsements; the brochure further indicates the firm serves institutional channels that, in some cases, include state or municipal government clients.