Investor Summary

Avram Fisher is the founder, portfolio manager, and principal of Long Cast Advisers with nearly two decades of experience in institutional equity research and private equity. Prior to establishing Long Cast Advisers, he worked as a reporter, private investigator, equity analyst covering sectors such as Multi-Industrials, Business Services, Engineering & Construction, Consumer Goods, and Telecommunications. He worked in institutional equity research at CSFB and BMO Capital, and in private equity at Cisneros Group. Fisher holds a BA from Johns Hopkins University and an MBA from Baruch College. He passed the Series 65 examination in 2015 and has no disciplinary history with regulators.

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Fund Strategy

Long Cast Advisers uses fundamental analysis and a tax-efficient buy-and-hold strategy to assemble concentrated portfolios of individual equities with market capitalizations below $2B. The firm's research-intensive process draws on 20+ years of experience in investing, reporting, and private investigations. Their patient framework for business underwriting and management evaluation has led to early allocation to compounders before institutional discovery. With turnover below 10%, they maximize after-tax returns through an SMA structure that minimizes costs. The strategy exploits two market inefficiencies: indexation indifference and short-termism.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
14% 1% 0%
2024
39.0%