FLAT FOOTED LLC

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Adviser Profile

As of Date:

03/27/2024

Adviser Type:

- Large advisory firm


Number of Employees:

4 33.33%

of those in investment advisory functions:

2


Registration:

SEC, Approved, 6/11/2018

AUM:

869,628,401 25.81%

of that, discretionary:

869,628,401 25.81%

GAV:

667,008,598 40.89%

Avg Account Size:

124,232,629 43.78%


SMA’s:

NO

Private Funds:

6

Contact Info

917 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
691M 592M 494M 395M 296M 197M 99M
2018 2019 2020 2021 2022 2023

Recent News

DE Shaw to oppose Diversified Healthcare Trust-OPI merger
06/13/2023

DE Shaw to oppose Diversified Healthcare Trust-OPI merger Submitted 13/06/2023 - 10:11am Hedge fund DE Shaw has become the second large Diversified Healthcare Trust shareholder to oppose the real estate investment trust's merger with Office Properties Income Trust and is pushing the board to pursue better alternatives, according to a report by Reuters. The repo...

Hedge Week

A history of the decades-long feud between Steve Jobs and Bill Gates, whose love-hate relationship spurred the success of Microsoft and Apple
04/02/2021

When Apple introduced the iPod in 2001, Gates sent another email: "I think we need some plan to prove that, even though Jobs has us a bit flat footed again, we can move quick and both match and do ...

yahoo.com

Europe’s leaders rated on their coronavirus response
04/02/2021

Conte also made the case for a generous European recovery fund, playing a key role in convincing Merkel ... When cases started rising in early August, the government was caught flat-footed. Babiš ignored the warning signs and worried that reimposing ...

politico.eu

Tiger Global just closed one of the biggest venture funds ever, with $6.7 billion
04/01/2021

Though Tiger Global sent a letter to its investors back in January, saying was raising $3.75 billion for its thirteenth venture fund (titled XIV, apparently for superstitious reasons), a new SEC filing shows that new fund just closed with almost twice that ...

news.yahoo.com

Sonequa Martin-Green Will Only Accept Roles That Allow Her to Wear Her Hair Natural, Thanks
04/01/2021

For many people, embarking on a natural hair journey often follows a story of self-discovery and self-acceptance, and in recent years, more women of color have chosen to embrace their natural hair. The stereotypical definition of beauty, which was once ...

news.yahoo.com

Asian markets track US losses, Biden spending plan in focus
04/01/2021

Asian markets slipped Wednesday following a soft lead from Wall Street, while focus turned to the United States where President Joe Biden is expected to unveil his latest multi-trillion-dollar recovery plan for the world’s top economy.

dailytimes.com.pk


Private Funds Structure

Fund Type Count GAV
Hedge Fund 3 $591,833,005
Private Equity Fund 1 $45,315,451
Other Private Fund 2 $29,860,142

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Private Funds



Employees




Brochure Summary

Overview

Advisory Firm Flat Footed is a Delaware limited liability company that commenced operations in August 2016 and is owned by Mr. Marc Andersen and co-managed by Mr. Andersen and Mr. Paul Carpenter. Advisory Services The Adviser currently provides investment management services and discretionary investment advice to private funds (each, a “Fund” and, collectively, the “Funds”) and one or more sub-advisory account Clients (“Sub-Advisory”) and may serve as investment adviser and/or sub-adviser to various other advisory clients, including separately managed accounts, fund of one accounts, and other private investment funds (collectively, “Clients”). Relying Adviser The Adviser offers investment advisory services to a Fund through Post Union Management LLC, which is under the common control with Flat Footed (the “Relying Adviser”). Flat Footed and the Relying Adviser are collectively referred to as the “Adviser” in this document. Specialization The investments of each Fund are managed in accordance with the investment objectives, strategies and guidelines applicable to such Fund and are not tailored to any particular investor in the Fund (an “Investor”). The Adviser does not provide individualized investment advice to such Investors with respect to their investment in the Fund; therefore, Investors should consider whether a particular Fund meets their investment objectives, risk tolerance, and financial situation. In addition, the Adviser may enter into arrangements with certain Clients (or underlying Investors) that may in each case provide for terms of investment that are more favorable to the terms provided to other Clients (or underlying Investors).
Such terms may include the waiver or reduction of management and/or incentive fees, the provision of additional information or reports, more favorable transfer rights, and more favorable liquidity rights. Advisory Services to Sub‐Advisory Accounts Investments for Sub-Advisory account Clients, whether separately managed accounts or fund of one accounts, are managed in accordance with the Clients’ investment objectives, strategies, restrictions and guidelines as set forth in the documents governing the Adviser’s relationship with such Clients or as otherwise communicated to the Adviser by the Clients. Depending on the nature of the relationship, these services may be offered on a discretionary or non-discretionary basis and may include the investment and reinvestment of securities, cash and cash equivalents, futures and options held in a Client’s account. If a Client wishes to impose certain restrictions on investing in certain securities or types of securities or is prohibited by applicable law from investing in such securities or types of securities, the Adviser will address those requests on a case-by-case basis. Wrap Fee Programs The Adviser does not participate in wrap fee programs. Regulatory Assets Under Management As of December 31, 2022, the Adviser manages $691,249,000 on a discretionary basis and $0 on a non- discretionary basis. Supervised Persons All supervised persons acting on behalf of the Relying Adviser are also supervised persons of Flat Footed. In addition, Flat Footed and the Relying Adviser operate under a single code of ethics (the “Code”) and compliance manual that is administered by the Adviser’s Chief Compliance Officer (the “CCO”).