WESTERN STANDARD, LLC

other names
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Adviser Profile
As of Date 07/14/2024
Adviser Type - Large advisory firm
Number of Employees 6 50.00%
of those in investment advisory functions 5 25.00%
Registration SEC, Approved, 7/12/2016
Other registrations (2)
AUM* 388,977,679 -5.75%
of that, discretionary 388,977,679 -5.75%
Private Fund GAV* 388,977,679 1.56%
Avg Account Size 194,488,840 -5.75%
SMA’s No
Private Funds 2
Contact Info 310 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
422M 362M 302M 241M 181M 121M 60M
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$388,977,679

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Stck Ticker513272104 Stock NameLAMB WESTON HLDGS INC $ Position$3,999,119 % Position4.00% $ Change # Change
Stck Ticker03748R747 Stock NameAPARTMENT INVT & MGMT CO $ Position$4,462,379 % Position4.00% $ Change8.00% # Change-1.00%
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Brochure Summary

Overview

Description of Advisory Firm Western Standard, LLC (“Western Standard”) is a privately owned limited liability corporation headquartered in Los Angeles, California. Western Standard is registered as an investment adviser with the U.S. Securities and Exchange Commission (“SEC”). Eric D. Andersen founded Western Standard in November 2008. Western Standard was initially exempt from registration as an investment adviser, then was subject to filing as an exempt reporting adviser with the SEC, and in 2016 first became subject to registration with the SEC. Mr. Andersen is the sole owner of Western Standard. Advisory Services Offered Western Standard is the general partner of, and serves as the investment adviser to, two private investment funds organized as Delaware limited partnerships: Western Standard Partners, L.P. and Western Standard Partners QP, L.P. (collectively, the “Partnerships”). Investment in each of the Partnerships is available only to "accredited investors," as the term is defined by Rule 501 of the Securities Act of 1933, and only by an offering memorandum. Investors in the Partnerships (“Limited Partners”) must also be “qualified clients,” who meet the financial requirements of SEC Regulation 275.205-3(b)
under the Investment Advisers Act of 1940, since each of the Partnerships has a performance-based compensation structure. Investors in Western Standard Partners QP, L.P. must also be “qualified purchasers,” as the term is defined by Section 2(a)(51) of the Investment Company Act of 1940. Additional information on these standards is provided in the offering memorandum and subscription agreement for each of the Partnerships. This Form ADV Part 2A Brochure is not an offer to sell, or a solicitation of an offer to purchase, interests in the Partnerships. Such an offer can only occur when the prospective Limited Partner receives the offering documents. Tailored Services and Client Imposed Restrictions Western Standard manages each Partnership according to the investment objectives outlined in the Partnership’s offering memorandum. Since the Partnerships are pooled investment vehicles, Limited Partners may not impose restrictions on the investments held in the Partnerships. Assets Under Management As of December 31, 2023, Western Standard’s discretionary assets under management were $388,977,679. Western Standard has no non-discretionary assets under management. Western Standard, LLC Brochure March 22, 2024 6