Verdad
Verdad Advisers is a Boston-based boutique asset manager founded in 2014 that manages approximately $1B across four systematic strategies — leveraged small value equities, credit, crisis opportunities, and global multi-strategy — for institutional investors and family offices using empirical, rules-based quantitative research.
- Company typePrivate
- Founded2014
- HeadquartersBoston, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Verdad does
Verdad Advisers, LP is a Boston-based, privately held asset management firm founded by Dan Rasmussen in 2014. The firm operates four core investment strategies: Verdad Equity (leveraged small-cap value equities emulating historical private equity drivers at public-market prices), Verdad Credit (levered sub-investment-grade bond portfolios), Verdad Opportunities (crisis-period equity portfolios), and Verdad Global Multi-Strategy (contrarian tactical asset allocation). Strategies are constructed using rules-based, quantitative methods grounded in empirical research across long historical datasets from multiple global markets.
The firm's research platform includes proprietary models such as ML-based debt paydown forecasting algorithms and linear regression-based factor analyses, supported by an academic partnership with Harvard Business School economist Sam Hanson. Verdad also publishes Verdad Weekly Research, a flagship research product running continuously since 2016, plus a library of featured research papers (Countercyclical Investing, Emerging Markets Crisis Investing, Crisis Investing, Biotech Investing) and the 2025 book 'The Humble Investor' by Dan Rasmussen.
Verdad generates revenue primarily through asset management fees (management fees and performance fees) on its investment funds, with supplementary income from research publications and book sales. The firm's client base consists of institutional investors (pension funds, endowments) and family offices/high-net-worth individuals, distributed through direct relationships from its Boston headquarters. The firm employs 1-10 staff and manages approximately $1 billion in AUM as of 2024.
Verdad firmographics
Firmographics- Name
- Verdad
- Legal name
- Verdad Advisers, LP
- Website
- https://verdadcap.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Verdad Advisers is a Boston-based boutique asset manager founded in 2014 that manages approximately $1B across four systematic strategies — leveraged small value equities, credit, crisis opportunities, and global multi-strategy — for institutional investors and family offices using empirical, rules-based quantitative research.
- Ownership category
- akta.pro rank
Where Verdad is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Verdad business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Asset Management Fees: Verdad generates revenue through management fees and performance fees charged to investors in its various investment funds and strategies including equities, credit, and global multi-strategy products
- Research Publications: The firm publishes research and white papers, some of which are compiled into books such as 'The Humble Investor' (2025) available through retail channels
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Verdad product offering
Product offeringCore offering
Verdad Advisers is a global asset management firm that manages over $1 billion across four core quantitative strategies: Verdad Equity (leveraged small value equities replicating characteristics of high-performing private equity), Verdad Credit (levered portfolios of discounted sub-investment-grade bonds), Verdad Opportunities (crisis-period leveraged equities), and Verdad Global Multi-Strategy (tactical contrarian global allocation). The firm also publishes the Verdad Weekly Research product and conducts academic empirical research as the foundation of its investment process.
Product overview
Verdad is a global asset management firm offering four core investment strategies: Verdad Equity (leveraged small value stocks), Verdad Credit (leveraged sub-investment-grade bonds), Verdad Opportunities (crisis-period equities), and Verdad Global Multi-Strategy (contrarian global asset allocation). These are complemented by the Verdad Weekly Research flagship research product providing ongoing market analysis. The firm's strategies combine rules-based principles with quantitative research, targeting systematic excess returns over time. The investment approach is grounded in empirical research and focuses on value investing, credit markets, and crisis-period opportunities.
Differentiator
Problem solved
Functional benefit
Brands
- Verdad Equity: Leveraged small value stocks strategy with quantitative characteristics similar to high-performing private equity deals of the 1980s and 1990s.
- Verdad Credit
- Verdad Opportunities
- Verdad Global Multi-Strategy
- Verdad Weekly Research
Products and services
- Verdad Equity Leveraged small value stock portfolio with quantitative characteristics similar to high-performing private equity deals of the 1980s and 1990s, offering systematic exposure to empirical drivers of private equity performance while avoiding high prices and illiquidity of private markets. Designed for institutional and sophisticated private investors.
- Verdad Credit Defensive alternative to public equity investing through systematically constructed levered portfolios of high-quality sub-investment-grade bonds trading at discounts to fundamentals, offering returns in line with long-term equity averages with lower volatility than the broader high-yield market.
- Verdad Opportunities Leveraged small value public equities portfolio constructed during economic crises when price dislocations are at extreme levels and potential for outsized returns is highest, utilizing a rigorous rules-based approach.
- Verdad Global Multi-Strategy Global multi-strategy fund designed to maximize returns and minimize drawdowns across macroeconomic environments through a contrarian approach to the business cycle, with tactical asset allocation shifts driven by probable global macroeconomic trends.
- Verdad Weekly Research Flagship research product providing weekly compelling analysis on topics relevant to clients, including investment strategies, market conditions, and financial markets.
Quantifiable outcome
- Research on private credit risks successfully anticipated stress in the $3 trillion private credit market, with analysts warning of potential 10-15% NAV hits in adverse credit cycles
- +1 more outcomes
Companies that use Verdad
Customer profileSegments2 records
Ideal customer profiles2 records
Verdad technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Verdad partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Harvard UniversityminorAcademic partnership through consulting economist Sam Hanson, PhD who serves as William L. White Professor of Business Administration at Harvard Business School. Sam contributes research spanning asset pricing, behavioral finance, and corporate finance.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Verdad competitors and assessment
Company assessmentDirect peers
- AQR Capital Management: Quantitative multi-asset manager applying empirical research and factor-based strategies across equities, credit, and alternatives. Closely comparable to Verdad's rigorous, empirical, systematic approach across asset classes.
- Dimensional Fund Advisors: Empirical, academically grounded asset manager focused on factor investing (value, small cap) in public markets. Highly comparable to Verdad's equity strategy and the academic-finance lineage shared by Verdad partner Brian Chingono (former Dimensional).
- LSV Asset Management: Quantitative value equity manager applying systematic models to deep-value and contrarian stocks. Direct peer to Verdad Equity's leveraged small-value strategy.
- Brandes Investment Partners: Graham-and-Doddsville value-oriented asset manager applying rigorous fundamental and quantitative research across global equities. Comparable to Verdad's contrarian value philosophy and multi-strategy platform.
- Boston Partners: Value-oriented equity manager specializing in small/mid-cap value and global value strategies. Comparable to Verdad Equity's leveraged small value approach and shares the Boston institutional asset-management ecosystem.
- Acadian Asset Management: Quantitative global equity manager using systematic models and multi-factor approaches. Comparable to Verdad Global Multi-Strategy's global systematic contrarian allocation.
Broad incumbents
- Man Group: Global quantitative and alternatives platform combining systematic equity, credit, and multi-strategy products. Comparable as a scaled, public-markets systematic alternatives peer.
- Wellington Management: Large, research-driven multi-asset manager based in Boston with deep institutional relationships. Comparable as a Boston-based, research-intensive institutional asset manager, though at far greater scale and product breadth.
- Oaktree Capital Management: Large alternative credit manager running distressed and high-yield credit strategies. Broad incumbent comparable to Verdad Credit's defensive sub-investment-grade approach, though at vastly greater scale and with private credit exposure.
Emerging players
- Granahan Investment Management: Boutique active manager specializing in small-cap and SMID value equity strategies. Comparable as a smaller, focused value boutique competing for similar institutional mandates.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Verdad social profiles
Digital presenceVerdad financial estimates
Financial estimateRevenue estimate
Valuation estimate
Verdad leadership team
Management profileNumber of profiles
Profiles10 records
Verdad funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Verdad M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Verdad
What does Verdad do?
Verdad Advisers is a global asset management firm that manages over $1 billion across four core quantitative strategies: Verdad Equity (leveraged small value equities replicating characteristics of high-performing private equity), Verdad Credit (levered portfolios of discounted sub-investment-grade bonds), Verdad Opportunities (crisis-period leveraged equities), and Verdad Global Multi-Strategy (tactical contrarian global allocation). The firm also publishes the Verdad Weekly Research product and conducts academic empirical research as the foundation of its investment process.
Is Verdad a public or private company?
Verdad is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Verdad founded?
Verdad was founded in 2014. It employs 1 to 10 people.
Where is Verdad based?
Verdad is headquartered in Boston, United States, in the North America region.
How does Verdad make money?
Two revenue lines are on record. Asset Management Fees are the primary driver. The others are research Publications.
Who are Verdad's main competitors?
Direct peers on record are AQR Capital Management, Dimensional Fund Advisors, LSV Asset Management, Brandes Investment Partners, Boston Partners and Acadian Asset Management. Broad incumbents are Man Group, Wellington Management and Oaktree Capital Management. Granahan Investment Management is listed as an emerging player.
Does Verdad have an API?
No public API is recorded for Verdad.