Longtail Alpha, LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$36,329,166
This total excludes 9 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
0
Advisors
1
of 9 employees
Firm type
Investment Manager
May not manage individual clients
Clients per advisor
0
Average account size
—
About
LongTail Alpha is an SEC‑registered investment adviser that primarily manages pooled investment vehicles and institutional mandates, operating named funds such as TwoTail Alpha, OneTail Hedgehog, RightTail and an Enhanced Systematic Trend Following fund, in addition to funds‑of‑one and separately managed accounts. The firm provides discretionary portfolio management for those vehicles and also offers non‑discretionary investment consulting and sub‑advisory services to institutional and high‑net‑worth investors.
Its investment approach centers on tail‑risk overlay strategies, a TwoTail Alpha strategy that seeks to extract value from distribution tails, systematic trend following and a diversified alternative liquidity sleeve, using options, futures, swaps and virtual‑currency derivatives alongside cash securities. LongTail Alpha combines proprietary quantitative analytics, portfolio construction and real‑time risk and execution tools with discretionary risk management, and for certain tail‑hedge mandates charges fees based on a notional “Protection Size” (AUP/TNE) rather than solely on invested capital.
The firm maintains a wholly owned research subsidiary, LongTail Research, which provides subscription research and supports the adviser’s published analysis and industry engagement—an activity the brochure describes that resembles periodic publications and educational outreach. LongTail Alpha also discloses offering pension consulting and an hourly consulting fee option (described in the brochure), and explicitly lists endowments, sovereign wealth funds and public or private pensions among its client types, reflecting a blend of institutional consulting and derivative‑intensive portfolio management that is less common among peer managers.
Client services
Portfolio management
Pension consulting
Newsletters or periodicals
Educational seminars or workshops
Sub-advisory services
Expertise
Options & derivatives strategies
Active portfolio management
Private / alternative investments
Fee options
Fixed or variable fees for investment consulting services, negotiable
$0 - $150 million: 0.55% per annum (Series A, LongTail Alpha Enhanced Systematic Trend Following Fund LP) $150 million - $250 million: 0.50% per annum (Series A) $250 million - $450 million: 0.35% per annum (Series A) $450 million+: 0.30% per annum (Series A) $0 - $150 million: 0.65% per annum (Series B, LongTail Alpha Enhanced Systematic Trend Following Fund LP) $150 million - $500 million: 0.60% per annum (Series B) $500 million+: 0.40% per annum (Series B)
$0 to $10,000 per hour (investment consulting fees, negotiable)
Typically 15% performance/incentive allocation on appreciation after management fees; ranges from 10% to 20% depending on Fund series (e.g., 15% for OneTail Hedgehog Fund II LP, RightTail Fund I LLC, and TwoTail Alpha Funds)
Account minimum: $1,000,000 minimum for Fund investors; Separate client accounts generally require a minimum account size of $10 million (negotiable); Fund-of-One minimums vary and are negotiable
Main office location
Longtail Alpha, LLC
500 Newport Center Drive, Suite 820
Newport Beach CA 92660, United States
Number of offices
1
Most active in
Longtail Alpha, LLC has reported serving >5 clients in these states in the last 12 months.
California · Colorado · Hawaii · Illinois · Nevada · New York · Texas · West Virginia
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is active or affiliated with:
Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
Is not active or affiliated with:
-
Insurance agent
They sell insurance products and may earn commissions on those sales.
-
Bank
They're affiliated with a bank that may offer its own financial products and services.
-
Trust company
They provide trust and estate administration services, typically for separate fees.
-
Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
-
Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
-
Lawyer
They provide legal services, typically billed separately.
-
Real estate agent
They facilitate real estate transactions and may earn commissions.
-
Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Quick links
Not sure where to start?
We'll help you think it through — whether you ultimately need an advisor or not.
Warmer helps you compare advisors clearly — so you can choose with confidence.
Warmer provides personalized recommendations and introductions to independent fiduciary advisors. We do not supervise advisors, manage or hold assets, guarantee performance, or provide advice about specific investments.
Each advisor listed on our site is an independent fiduciary responsible for their own advice. Warmer may receive fees from advisors for participation or referrals; these fees are paid by advisors and do not affect the fees clients pay for advisory services.
For advisor listings, we rely on sources including public filings and data provided by advisors, and we cannot guarantee that all information is current or accurate. Please review an advisor's Form ADV and do your own diligence before entering into an advisory relationship.
By using our service, you agree to Warmer's Terms of Service and Advisory Agreement and Privacy Policy. Logos provided by Logo.dev
© 2026 Warmer Holdings Inc. ("Warmer")