Ironhorse Capital LLC

IronHorse Capital LLC provides discretionary investment supervisory services to separately managed accounts and acts as investment adviser to the Conductor Global Equity Value ETF (CGV‑NYSE), managing global equity portfolios for registered investment companies and other institutional clients. The firm’s regulatory assets under management are concentrated in pooled vehicles and institutional relationships rather than a retail client base.

Its investment approach is value‑oriented and primarily bottoms‑up, with fundamental analysis complemented by technical tools and sector‑level portfolio shaping; the firm focuses on equities and ETFs across developed and emerging markets. IronHorse purchases securities in local currencies for currency diversification and may use index hedges, short sales, and margin when appropriate to manage risk and capture opportunities.

Distinctive features in the brochure include the firm’s role as adviser and portfolio manager to an ETF and its explicit engagement with registered investment companies, which is less common for managers of this size, and public links to an ETF webpage (conductoretfs.com/global-equity-etf) that reflect a public‑facing fund presence. The firm also discloses an affiliation with a holding company that has offered equity interests to investors (including clients) and describes specific trade execution practices for the ETF, such as designated brokers and occasional use of dark pools, with policies intended to address potential conflicts.