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SEC-registered adviser

B•••• H••• C••••••

Asset manager (funds and pooled vehicles)CRD 113209SEC 801-113714IAPD
Legal name B•••• H••• C••••••• L••
Latest filing Mar 30, 2026
First filing on the tape Mar 22, 2012 · 14 filings
SEC status approved since Jul 27, 2018
RAUM
$402M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
1
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
14 filings and snapshots on the tape
RAUM$402M as of Mar 30, 2026
Mar 22, 2012$80.1M then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 30, 2026
Mar 22, 20120 then
Employees (5.A)1 as of Mar 30, 2026
Mar 19, 20191 then
Private funds1 as of Mar 30, 2026
Mar 22, 20121 then
RAUM +25% over the last fiscal year+24% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 30, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$402MderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
+25%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$402M, 1 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • compensates non-employees for client referrals (8.G.2)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$402M100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
1reported
Financial planning clients
0reported
Wrap fee programs
noreported
Custody of client assets
$402M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      1 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      B•••• H••• P•••••••• L•••Hedge Fund$239M25Mar 22, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • M••••••• S••••• J••••• · Manager, Chief Compliance Officercontrol
        since 09/1998 · owns 75% or more
      Related persons
      Schedule D 7.A
      No related person reported.
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      What changed
      consecutive filings, newest first
      • Assets in custody · $321M to $402M
        Mar 31, 2025 to Mar 30, 2026
      • Discretionary RAUM · $321M to $402M
        Mar 31, 2025 to Mar 30, 2026
      • Pooled vehicle RAUM · $321M to $402M
        Mar 31, 2025 to Mar 30, 2026
      • RAUM · $321M to $402M
        Mar 31, 2025 to Mar 30, 2026
      • Assets in custody · $239M to $321M
        Mar 27, 2024 to Mar 31, 2025
      • Financial planning clients · 0 to 0
        Mar 27, 2024 to Mar 31, 2025
      • HQ city · unset to
        Mar 27, 2024 to Mar 31, 2025
      • HQ state · unset to
        Mar 27, 2024 to Mar 31, 2025
      • Discretionary RAUM · $239M to $321M
        Mar 27, 2024 to Mar 31, 2025
      • Pooled vehicle RAUM · $239M to $321M
        Mar 27, 2024 to Mar 31, 2025
      • RAUM · $239M to $321M
        Mar 27, 2024 to Mar 31, 2025
      • Assets in custody · $213M to $239M
        Mar 28, 2023 to Mar 27, 2024
      • Discretionary RAUM · $213M to $239M
        Mar 28, 2023 to Mar 27, 2024
      • Pooled vehicle RAUM · $213M to $239M
        Mar 28, 2023 to Mar 27, 2024
      • RAUM · $213M to $239M
        Mar 28, 2023 to Mar 27, 2024
      • Assets in custody · $160M to $213M
        Mar 22, 2022 to Mar 28, 2023
      • Discretionary RAUM · $160M to $213M
        Mar 22, 2022 to Mar 28, 2023
      • Pooled vehicle RAUM · $160M to $213M
        Mar 22, 2022 to Mar 28, 2023
      • RAUM · $160M to $213M
        Mar 22, 2022 to Mar 28, 2023
      • Assets in custody · $151M to $160M
        Mar 23, 2021 to Mar 22, 2022
      • Discretionary RAUM · $151M to $160M
        Mar 23, 2021 to Mar 22, 2022
      • Pooled vehicle RAUM · $151M to $160M
        Mar 23, 2021 to Mar 22, 2022
      • RAUM · $151M to $160M
        Mar 23, 2021 to Mar 22, 2022
      • Assets in custody · $162M to $151M
        Mar 30, 2020 to Mar 23, 2021
      • Financial planning clients · unset to 0
        Mar 30, 2020 to Mar 23, 2021
      • Discretionary RAUM · $162M to $151M
        Mar 30, 2020 to Mar 23, 2021
      • Pooled vehicle RAUM · $162M to $151M
        Mar 30, 2020 to Mar 23, 2021
      • RAUM · $162M to $151M
        Mar 30, 2020 to Mar 23, 2021
      • Assets in custody · $364M to $162M
        Mar 19, 2019 to Mar 30, 2020
      • Discretionary RAUM · $364M to $162M
        Mar 19, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $364M to $162M
        Mar 19, 2019 to Mar 30, 2020
      • RAUM · $364M to $162M
        Mar 19, 2019 to Mar 30, 2020
      • Assets in custody · $183M to $364M
        Sep 11, 2018 to Mar 19, 2019
      • Discretionary RAUM · $183M to $364M
        Sep 11, 2018 to Mar 19, 2019
      • Pooled vehicle RAUM · $183M to $364M
        Sep 11, 2018 to Mar 19, 2019
      • RAUM · $183M to $364M
        Sep 11, 2018 to Mar 19, 2019
      • Private funds · 2 to 1
        Jun 27, 2018 to Sep 11, 2018
      • Advisory employees · unset to 1.0
        Jun 1, 2012 to Jun 27, 2018
      • Pooled vehicle clients · unset to 1.0
        Jun 1, 2012 to Jun 27, 2018
      • Assets in custody · $80.1M to $183M
        Jun 1, 2012 to Jun 27, 2018
      Signals
      4 dated events
      • B•••• H••• C•••••• reported RAUM $161.5M, down 56% from $364.2M (2019-03-19 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • B•••• H••• C•••••• reported RAUM $364.2M, up 99% from $183.1M (2018-09-11 to 2019-03-19)
        Mar 19, 2019 · RAUM change · derived
      • B•••• H••• C•••••• reported RAUM $183.1M, up 129% from $80.1M (2012-06-01 to 2018-06-27)
        Jun 27, 2018 · RAUM change · derived
      • B•••• H••• C•••••• filed its initial SEC registration (Form ADV)
        Jun 27, 2018 · First SEC registration · fact
      Across DFX
      shared identifiers only, never a name match
      How to reach
      public business contact points only, each with its source
      Principal office phone
      415-474-7055reportedpublic record, Form ADV, Mar 30, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026