Long Cast Advisers, LLC

Long Cast Advisers provides discretionary investment management to individuals, endowments, funds and partnerships, and charitable organizations, with a focus on concentrated small‑ and micro‑cap equity portfolios that can include OTC and pink‑sheet securities. The firm manages roughly $11.9 million in client assets and engages clients under a written investment management agreement.

The firm’s investment approach is research‑intensive and fundamentally driven, emphasizing a long‑biased, tax‑aware buy‑and‑hold strategy for companies generally below $2 billion in market capitalization and often under $100 million. Position sizing and portfolio construction are conviction‑driven and informed by detailed due diligence—SEC filings, interviews, industry checks and site visits—and the brochure identifies an explicit target return framework used to assess opportunities.

Noteworthy for an independent adviser of its size, Long Cast serves pooled investment vehicles (funds and partnerships) in addition to individual accounts and offers performance‑based fee arrangements for qualified clients, and it discusses procedures (average price allocation, pro‑rata trade allocation and limit orders) intended to address side‑by‑side conflicts. The brochure also emphasizes an investigative research style—interviews, expert consultations and “learning by walking around”—and routine investment in less liquid market segments, distinguishing its process from many peers.