Roubaix Capital

What Roubaix Capital does

Roubaix Capital, LLC is a U.S. Registered Investment Advisor headquartered in Denver, Colorado that provides discretionary investment management services through privately offered limited partnerships and separate accounts. The firm runs a single fundamental long/short equity strategy targeting small and mid-cap U.S. equities, a strategy portfolio manager Christopher Hillary has run continuously since January 2010 (originally at predecessor Independence Capital Asset Partners, or ICAP) and that is now housed in Roubaix Capital following the firm's May 2015 formation. As of December 31, 2025 the firm advised four vehicles with approximately $299 million in regulatory AUM.

Name

Roubaix Capital

Legal name

Roubaix Capital, LLC

Website

https://roubaixcapital.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Roubaix Capital is a Denver-based Registered Investment Advisor that runs a fundamental long/short equity strategy focused on U.S. small and mid-cap stocks, serving institutional investors and high-net-worth individuals through four vehicles with approximately $299 million in AUM.

Ownership category

akta.pro rank

Product category

Hedge Fund Management

NAICS

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

SIC

Investment Advice (6282)

akta.pro primary industry

Small-/Mid-Cap Equity Long/Short (FSAHAAAG)

Keywords

• Long short equity
• Investment advisory
• Hedge fund management
• Small cap equity
• Discretionary portfolio management

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Investment Management Fees: Roubaix Capital generates revenue through discretionary investment management fees charged to privately offered limited partnerships and separate accounts. The firm advises four vehicles and earns fees based on assets under management as defined in Form ADV instructions.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Roubaix Capital, LLC is a Registered Investment Advisor providing discretionary investment management services to privately offered limited partnerships and separate accounts. The firm operates a single fundamental long/short equity strategy focused on small and mid cap U.S. stocks, targeting structural inefficiencies in less-covered, less-crowded names to generate alpha on both long and short sides. As of December 31, 2025, the firm advised four vehicles with approximately $299 million in regulatory AUM.

Product overview

Roubaix Capital, LLC is a Registered Investment Advisor based in Denver, CO, that provides discretionary investment management services to privately offered limited partnerships and separate accounts. The firm operates a single fundamental long/short equity strategy focused on small and mid cap U.S. stocks. The strategy was launched in January 2010 by Christopher Hillary and as of December 31, 2025, the firm advised four vehicles with approximately $299 million in regulatory AUM as defined in Form ADV.

Differentiator

Problem solved

Functional benefit

Products and services

• Roubaix Fundamental Long/Short Equity Strategy (Privately Offered Limited Partnerships and Separate Accounts) Discretionary investment management services to qualified investors via privately offered limited partnerships and separate accounts, implementing a fundamental long/short equity strategy focused on small and mid cap U.S. stocks with typical 30-50 longs and 30-50 shorts, 35-55% net exposure, and 100-150% gross exposure.

Quantifiable outcome

• Less than 50% net exposure maintained generally
• +2 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• 22NW Fund: 22NW Fund is a small-cap focused long/short equity hedge fund, the direct professional home of Roubaix's Senior Analyst Ross O'Toole before 2019. Most directly comparable peer in strategy, asset class, and approach.
• Scopus Asset Management: Scopus is a small/mid-cap value long/short equity manager. Comparable in fund size band, U.S. small/mid-cap focus, and fundamental value orientation.
• Lyrical Partners: Lyrical Partners is a value-oriented long/short equity manager focused on U.S. mid- and large-cap names. Comparable in fundamental research approach and small-team structure, with overlap in the U.S. equity value universe.
• Zebra Capital Management: Zebra Capital is an analyst-driven small/mid-cap long/short equity manager. Comparable in research-intensive approach and small/mid-cap niche.
• Engine Capital Management: Engine Capital is a value-oriented, event-driven hedge fund where Ross O'Toole consulted. Operates in a closely adjacent fundamental long/short value universe with similar U.S. small/mid-cap exposure and a comparable team size.
• Holowesko Partners: Holowesko Partners is a small/mid-cap global value long/short manager founded by a former Templeton portfolio manager. Comparable in fundamental research approach, value orientation, and small/mid-cap focus.
• Systematic Financial Management: Systematic Financial Management runs small and mid-cap focused long-only value strategies, where Ross O'Toole worked for seven years. Closely aligned investment universe and fundamental research approach; differentiated by long-only mandate.
• Independence Capital Asset Partners (ICAP): ICAP is Roubaix's direct predecessor firm, founded and run by Christopher Hillary from 2004–2015 with a peak ~$750M AUM all-cap U.S. long/short equity strategy. Functionally the same strategy under a prior name.

Broad incumbents

• Point72 Asset Management: Point72 is a large multi-strategy hedge fund with dedicated long/short equity pods including small/mid-cap exposure. Significantly larger and broader, but competes directly for allocator capital in the same category.
• Marsico Capital Management: Long-only U.S. equity manager where Christopher Hillary previously worked on the International Opportunities Fund. Larger, more diversified manager, but operates in the same fundamental U.S. equity research space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/roubaix-capital-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 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 Roubaix Capital