Firm Description
Denali Advisors, LLC is a majority employee-owned, quantitative-based, institutional investment
management firm, and the largest Native American-owned asset management firm in the country.
Specializing in U.S. value equities, Denali was founded in 2001 by our principal owner Robert
Snigaroff, an Alaskan Native of the Aleut Tribe, and Michael Munson. Denali is 70% employee
owned.
In February 2024, Denali Advisors, LLC opened an office at 233 S. Wacker Drive, Suite 4400,
Chicago, IL, 60606, (P) 858-558-3600. It shares office space with McKinley Capital at that location.
Principal Owners
Mr. Snigaroff, President, and Michael Munson, Senior Vice President and Portfolio Manager are
founding principal owners of Denali Advisors, LLC. Nile Capital Group has 19% ownership interest in
Denali. As part of this arrangement, Nile provides consulting on employment, sales, marketing and
growth opportunities. Nile does not have any additional compensation arrangements, other than
equity distributions as part of the ownership. Denali maintains its Minority Business Enterprise
(“MBE”) investment manager status, independence, and autonomy. McKinley Management, LLC has
an approximately 11% ownership interest in Denali.
Types of Advisory Services
Denali provides advisor and sub-advisory asset management services on a discretionary basis in
accordance with the methods described in the Methods of Analysis, Investment Strategies and Risk of
Loss section of this Brochure,
primarily to institutional public, corporate and foundation clients. For
more information on the types of clients that we provide advisory services to, please see Types of
Clients in this Brochure. Denali develops an investment policy and creates and manages client
portfolios based on client-specified guidelines and objectives. Denali offers the following domestic
and international equity strategies: Denali Network Value Large (NV Large), Denali Network Value
Mid (NV Mid), Denali Network Value Small (NV Small), Denali NV Micro Core (NV Micro Core), Denali
Network Value Emerging Markets (NV EM), Denali Network Value ACWI ex-US (NV ACWI ex-US ),
Denali Network Value EAFE (NV EAFE), Denali Network Value EAFE Small (NV EAFE Small), Denali
Network Value Small- Mid (NV SMID), and Denali Small Growth (DEN SG).
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Tailored Relationships
Advisory services are tailored to individual needs of the client. Clients may impose restrictions on
investing in certain securities or types of securities. Such restrictions must be submitted to Denali in
writing.
Assets under Management
As of December 31, 2023, Denali managed $493,421,776 on a discretionary basis and $0 on a non-
discretionary basis. Effective December 2023, Denali Advisors acquired McKinley Capital
Management, LLC (“McKinley Capital”). McKinley Capital is now a wholly owned subsidiary of Denali
with approximately $996 million in discretionary AUM and approximately $7.5 million in assets under
advisement.