Jake Anthony Keys serves as Managing Member and 100% owner of Appalaches Capital, LLC. Keys is a 2023 University of Kentucky graduate with a B.B.A. in Finance and Mathematics and has prior experience with SEC-registered hedge fund advisers. His employment history includes internships at Point72 Asset Management and Aristides Capital LLC. Keys has been registered as an Investment Adviser Representative since September 11, 2023, when he established the firm. He passed the Series 65 examination in March 2023 and began his MBA at the University of Chicago Booth School of Business in September 2025. There are no disclosed disciplinary events or customer disputes involving Mr. Keys.

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Appalaches Capital employs a benchmark-agnostic approach, building portfolios around their best investment ideas with a willingness to hold cash opportunistically rather than compulsorily. The firm adopts a long-term perspective spanning three to five years and identifies investment opportunities driven by the agency costs and constraints of other investors. They describe themselves as value investors at their core, but believe that value incorporates both growth and risk, not just high current yields. The firm pursues superior risk-adjusted returns that come from independent thought and intentional action, operating far from the noise of Wall Street. Their core philosophy centers on the belief that to obtain results superior to the crowd, an investor must behave differently from the crowd.

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