Clough Capital Partners

What Clough Capital Partners does

Clough Capital Partners L.P. is a privately held, Boston-based boutique asset manager founded in 1999/2000 by Charles 'Chuck' Clough, former Chief Global Investment Strategist at Merrill Lynch. The firm operates a multi-strategy alternative investment platform spanning four product wrappers: two actively managed ETFs listed on NYSE Arca (Clough Hedged Equity ETF/CBLS, launched November 2020, and Clough Select Equity ETF/CBSE), three NYSE-listed closed-end funds (GLV, GLQ, GLO), separately managed accounts managed since 2000, and hedge fund limited partnerships. Total firm AUM stood at approximately $1.4 billion as of March 31, 2026, with the ETF platform independently surpassing $100 million in April 2026.

The firm's investment process is fundamentally research-driven, employing long/short equity strategies with CBLS running approximately 60% net long exposure alongside an active short book that uses options for hedging and tax-loss harvesting. The firm employs 11-50 people with senior leadership including Chairman/CIO Chuck Clough (60+ years investment experience), CEO and Portfolio Manager Vince Lorusso, and Partner/Portfolio Manager Bill Whelan (20+ years experience, joined 2014, co-PM of CEFs since 2023). Distribution operates through a hybrid channel mix: direct portfolio manager engagement with HNW individuals and institutional investors, NYSE exchange listings, wholesale relationships with Paralel Distributors (ETFs) and Paralel Technologies (CEFs), and platform partnerships including iCapital for SMA distribution.

Revenue is generated through management fees across the four product wrappers plus performance fees on hedge fund limited partnerships, with pricing not publicly disclosed. Customer segments span high-net-worth individuals, institutional investors (endowments, foundations, pensions, OCIOs), and financial advisors/RIAs. The firm does not disclose specific customer logos, does not have outside institutional ownership, and operates without disclosed PE backing or external capital partners.

Name

Clough Capital Partners

Legal name

Clough Capital Partners L.P.

Website

https://cloughcapital.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Clough Capital Partners is a privately held Boston-based boutique asset manager founded in 1999 that runs approximately $1.4 billion in long/short equity, global allocation, and alternative strategies across two actively managed ETFs, three closed-end funds, separately managed accounts, and hedge fund limited partnerships, serving high-net-worth individuals, institutional investors, and financial advisors.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Leveraged Finance & Loan Credit (Loans/Lev Loans/Loan CLOs) (FSAHAGAI)

akta.pro secondary industry

Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)

Keywords

• Actively managed ETFs
• Closed-end funds
• Separately managed accounts
• Long-short equity
• Alternative asset management

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. ETF Management Fees: Management fees from two actively managed ETFs listed on NYSE Arca (CBLS and CBSE). ETF inception November 2020. ETF platform surpassed $100M AUM in April 2026.
2. Closed-End Fund Management: Management fees from three closed-end funds: Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO), all listed on NYSE.
3. Separately Managed Accounts: SMA management fees for customized portfolios designed to meet individual client needs. Managing SMAs since 2000.
4. Hedge Fund Limited Partnerships: Performance-based fees and management fees from hedge fund limited partnerships. Since inception in 2000, navigating multiple market cycles across asset classes and sectors.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Clough Capital Partners is a boutique, multi-strategy alternative asset manager that offers actively managed ETFs, closed-end funds, separately managed accounts (SMAs), and hedge fund limited partnerships. The firm runs fundamental, research-driven long/short equity strategies with global mandates, including pioneering actively managed long/short ETFs listed on NYSE Arca (CBLS, CBSE).

Product overview

Clough Capital Partners is a boutique asset manager offering a diversified suite of investment products including two actively managed ETFs (Clough Hedged Equity ETF CBLS and Clough Select Equity ETF CBSE) listed on NYSE Arca since November 2020, three closed-end funds (Clough Global Dividend and Income Fund GLV, Clough Global Equity Fund GLQ, and Clough Global Opportunities Fund GLO), separately managed accounts (SMAs) for tax-aware long/short investing, and hedge fund limited partnerships. The firm manages approximately $1.4 billion in total assets under management as of March 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Clough Hedged Equity ETF (CBLS) Actively managed long/short equity ETF that runs approximately 60% net long exposure with an active short book, using options strategies for hedging and tax-efficient return generation.
• Clough Select Equity ETF (CBSE) Actively managed equity ETF focused on global small/mid-cap stocks, categorized by Morningstar in the Global Small/Mid Stock category.
• Clough Global Dividend and Income Fund (GLV) Closed-end fund providing competitive income generation and international diversification through a blend of equity and fixed-income positions.
• Clough Global Equity Fund (GLQ) Closed-end fund with a global flexible mandate investing at least 80% in equity and equity-related securities in U.S. and non-U.S. markets, with the remainder in fixed income.
• Clough Global Opportunities Fund (GLO) Closed-end fund providing a high level of total return through investments in equity, equity-related securities, and fixed income in both U.S. and non-U.S. markets.
• Separately Managed Accounts (SMAs) Customized investment accounts managed since 2000 to meet individual client needs, designed for tax-aware investing with long/short strategies.
• Limited Partnerships (Hedge Funds) Hedge fund offerings that have navigated investing across asset classes and sectors throughout multiple market cycles since the firm's inception in 2000.

Quantifiable outcome

• ETF platform surpassed $100M AUM in April 2026
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Paralel Distributors LLCcoreChannel Partner/ Reseller/ DistributorETF distributor for Clough Hedged Equity ETF (CBLS) and Clough Select Equity ETF (CBSE). Distributes ETFs listed on NYSE Arca. Contact: 855-393-0559. Clough Capital is not affiliated with Paralel Distributors LLC.
• Paralel Technologies LLCcoreChannel Partner/ Reseller/ DistributorProvides secondary market support to the Clough Global Closed-End Funds (GLV, GLQ, GLO). Supports closed-end fund distribution and investor relations. Contact: 1.855.425.6844.
• iCapitalminorChannel Partner/ Reseller/ DistributorPlatform partner for separately managed account distribution. iCapital April 2026 research notes $100 billion in long/short SMA assets on their platform. Clough Capital references iCapital as a distribution channel facing custodian capacity constraints.
• Cerulli AssociatesminorOthersResearch partner providing industry data on institutional ETF adoption. Cerulli's April 2026 white paper on institutional ETF adoption documents $337.2 billion in U.S./Canadian institutional ETF holdings and 14.4% five-year CAGR.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• GAMCO Investors (Gabelli Funds): GAMCO is a closely held boutique active asset manager offering mutual funds, closed-end funds, and SMAs across equity and global strategies — directly comparable to Clough's CEF + SMA + multi-vehicle model with a similarly research-driven, founder-led culture.
• Tortoise Capital Advisors: Tortoise is a mid-sized boutique manager specializing in listed closed-end funds and ETFs across income, infrastructure, and energy themes, with a multi-vehicle distribution model very similar to Clough's CEF and ETF platform.
• Calamos Asset Management: Calamos runs a multi-strategy active platform spanning closed-end funds, ETFs, SMAs, and hedge fund–style mandates, with comparable global equity and income mandates — a closely analogous structure to Clough's product suite.
• RiverNorth Capital Management: RiverNorth is a boutique alt manager focused on closed-end fund strategies, ETFs, and tactical income solutions. Its CEF-centric, multi-wrapper model with active management overlays makes it one of the closest direct comparables to Clough's approach.
• Cohen & Steers: Cohen & Steers is a specialty active manager with closed-end funds, ETFs, and SMAs focused on income and real-asset–linked equities. While their specialty differs, the multi-vehicle, CEF/ETF-led distribution and active management emphasis are highly comparable to Clough.
• Saba Capital Management: Saba is a boutique active manager specializing in closed-end fund and credit opportunities, with a hedge fund–style LP overlay. Its CEF-heavy, multi-vehicle approach and small scale closely mirror Clough's boutique CEF/LP structure.

Broad incumbents

• abrdn (formerly Aberdeen Asset Management): abrdn is a larger global asset manager with significant closed-end fund, global equity, and ETF offerings. While substantially larger than Clough, its multi-vehicle active platform with CEFs and global mandates makes it a useful broad incumbent comparable.
• Eaton Vance (Morgan Stanley Investment Management): Eaton Vance built a leading tax-aware and customized SMA franchise alongside closed-end funds and active ETFs before being acquired by Morgan Stanley. Its tax-managed and active ETF capabilities overlap meaningfully with Clough's differentiated tax-aware long/short approach.
• Artisan Partners: Artisan Partners is a publicly traded boutique active manager offering multi-strategy equity and fixed income portfolios through mutual funds and SMAs. Its boutique, founder-influenced, research-driven active management culture parallels Clough's positioning.

Emerging players

• Alger Funds: Alger is a smaller active manager offering ETFs and SMAs focused on growth and equity income strategies. Its recent ETF expansion and active SMA model provide a comparable blueprint to Clough's CBLS/CBSE launch trajectory.

Market position

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/clough-capital-partners-l.p.

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Clough Capital Partners