The Alchemist Fund
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Total assets under management
$31,183,095
Total clients
43
47% high-net worth
Total advisors
1
of 1 employees
Firm size
Independent
1 advisor
Average clients per advisor
43
Average account size
$725,188
About
The Alchemist Fund is a registered investment adviser that manages discretionary, separately managed accounts for individuals and families, including both taxable and tax‑deferred accounts. The firm provides portfolio management and handles trading and client reporting through a qualified custodian, and does not participate in wrap fee programs.
The advisor employs a bottom‑up, fundamental, value‑oriented investment process and typically constructs a focused portfolio of core positions that reflect assessed intrinsic value. The Fund invests primarily in domestic equities but retains flexibility to pursue opportunities across sectors and asset classes — including foreign equities, high‑yield and distressed securities — while generally avoiding leverage, short positions, and complex derivatives and at times holding meaningful cash balances.
Notably, the firm offers performance‑based fee arrangements for qualified investors — including structures that use hurdle rates and high‑water marks — a feature that is uncommon among independent peers. The principal invests personal capital alongside clients and allocates same‑day trades across accounts to address potential allocation and conflict‑of‑interest issues while managing both performance‑fee and standard accounts under a single stated investment strategy.
Client services
Portfolio management
Expertise
Active portfolio management
Concentrated stock management
Fee options
0.5% quarterly (2% annualized) for non-qualified investors
For qualified investors: (i) 25% of returns above 6% hurdle annually; (ii) 0.5% annual management fee plus 33% of "alpha" over S&P 500 over 3-year periods
Account minimum: $100,000 Fee-only: Management fee of 2% annually (0.5% quarterly) for non-qualified investors
Main office location
The Alchemist Fund
Montpelier VT, United States
Number of offices
1
Most active in
The Alchemist Fund has reported serving >5 clients in these states in the last 12 months.
Vermont
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 not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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