WESTERN STANDARD, LLC

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Adviser Profile

As of Date:

03/22/2024

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%

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:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

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

Recent News

SOUTH32 LIMITED – South Africa energy coal divestment update
04/01/2021

In order to fund working capital requirements and investment in improvements to the South Africa Energy Coal operations, Seriti also intends to enter into a 5 year working capital facility of up ...

moneyweb.co.za

XPEL Inc.
03/31/2021

Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...

Barrons

Delta Apparel Co.
03/29/2021

Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...

Barrons

FILDEBRANDT: Supreme Court makes clear there will be no federal accommodation of the West
03/25/2021

"It looks like a dead end for the fair deal fight. Kenney needs to decide if its time to throw in the towel, or put a real threat on the table that Ottawa cannot ignore."

westernstandardonline.com

Huge increase in Canada’s debt ceiling approved
03/24/2021

The Commons finance committee on Tuesday upheld a 56 per cent increase in the federal debt ceiling, from $1.168 trillion to $1,831,000,000,000.

westernstandardonline.com

FTSE 100 closes in the red as Fed action on banks hits equities
03/19/2021

MGC Pharmaceuticals Ltd (ASX:MXC, LON:MXC) notified investors that it will be hosting the general meeting webinar on Wednesday 31 March 2021 at 4pm Australian Western Standard Time (9pm BST). UK stocks are set to follow the lead of US markets and open on ...

proactiveinvestors.com


Private Funds Structure

Fund Type Count GAV
Hedge Fund 2 $388,977,679

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Private Funds



Employees




Top Holdings

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464287655 ISHARES TR (PUT) $44,156,200 29.00%
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90041L105 TURNING PT BRANDS INC $3,895,097 3.00% 15.00% 1.00%
294628102 EQUITY COMWLTH $4,828,454 3.00% 150.00% 139.00%
27923Q109 ECOVYST INC $4,690,665 3.00% -23.00% -22.00%
04956D107 ATMUS FILTRATION TECHNOLOGIE $4,561,969 3.00%
00289Y206 ABEONA THERAPEUTICS INC $4,048,641 3.00% 329.00% 261.00%

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, 2022, Western Standard’s discretionary assets under management were $412,724,173. Western Standard has no non-discretionary assets under management. Western Standard, LLC Brochure March 5, 2023 6