Longtail Alpha, Llc
- Regulatory AUM
- $822M
- Discretionary
- $822M
- Clients
- 9
- Avg AUM / client
- $91.4M
- Accounts
- 12
- Employees
- 9
AUM over time
Annual snapshots from Form ADV filings · as of Feb 02, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | Fewer than 5 clients | $36.3M | 4.42% |
| Pooled investment vehicles (non-investment companies) | 9 | $760M | 92.4% |
| State or municipal government entities | Fewer than 5 clients | $8.5M | 1.03% |
| Corporations and other businesses | Fewer than 5 clients | $17.3M | 2.11% |
Private funds (8)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $857M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Longtail Alpha Enhanced Systematic Trend Following Fund Lp | Hedge Fund | Delaware | $467M | 4 |
| Twotail Alpha Master Fund Lp master | Hedge Fund | Cayman Islands | $169M | 2 |
| Twotail Alpha Offshore Fund Ltd. feeder | Hedge Fund | Cayman Islands | $95.7M | 9 |
| Twotail Alpha Onshore Fund Lp feeder | Hedge Fund | Delaware | $72.9M | 24 |
| Black Bear Lta Fund I Lp | Hedge Fund | Delaware | $22.1M | 2 |
| Righttail Fund I Llc | Hedge Fund | Delaware | $14.3M | 4 |
| Onetail Hedgehog Fund Ii Lp | Hedge Fund | Delaware | $10.9M | 7 |
| Longtail Alpha Diversified Alternative Liquidity Fund Lp | Hedge Fund | Delaware | $4.9M | 2 |
People (3)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Vineer Nmn Bhansali | Managing Member, Chief Investment Officer | Dec 2015 (11y) | 75% or more | |
| Chang, Linda | Trade Execution Leader And Director Of Business Infrastructure | Nov 2021 (5y) | Less than 5% | |
| Phansalkar, Mohan, Vijay | Chief Compliance Officer & Chief Legal Officer | Aug 2022 (4y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Janus Henderson Investors Us Llc | Member | Jun 2016 | A | 10% – 25% |
| Janus Henderson Us (Holdings) Inc | Managing Member | Jan 2003 | B | ≈ 7.5% – 25% via Janus Henderson Investors Us Llc |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Janus Henderson Us (Holdings) Inc: 75% – 100% of Janus Henderson Investors Us Llc × 10% – 25% direct ≈ 7.5% – 25% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (8, $857M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Longtail Alpha Enhanced Systematic Trend Following Fund Lp | Hedge Fund | $467M | $1.0M | 4 |
| Twotail Alpha Master Fund Lp | Hedge Fund | $169M | $100K | 2 |
| Twotail Alpha Offshore Fund Ltd. | Hedge Fund | $95.7M | $100K | 9 |
| Twotail Alpha Onshore Fund Lp | Hedge Fund | $72.9M | $100K | 24 |
| Black Bear Lta Fund I Lp | Hedge Fund | $22.1M | $1.0M | 2 |
| Righttail Fund I Llc | Hedge Fund | $14.3M | $1 | 4 |
| Onetail Hedgehog Fund Ii Lp | Hedge Fund | $10.9M | $1 | 7 |
| Longtail Alpha Diversified Alternative Liquidity Fund Lp | Hedge Fund | $4.9M | $1 | 2 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 02/02/2026 | 2.69 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Hourly charges
- • Fixed fees
- • Performance-based fees
- • Other fees
- • ASSETS UNDER PROTECTION; TOTAL NOTIONAL EXPOSURE COMMITMENT
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Pension consulting services
- • Publication of periodicals or newsletters
- • Educational seminars/workshops
- • Other services
Custody
Reported custodians
- Merrill Lynch $34.8M (4% of AUM) Feb 2026
- Northern Trust $1.5M (0% of AUM) Feb 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Feb 02, 2026.
View current Form ADV (SEC/IAPD) ↗