What Rayner Gobran does

Rayner Gobran LLC is a privately held, boutique hedge fund consulting firm founded in 2016 by Ian Rayner and headquartered in Boulder, Colorado. The firm serves family offices, institutional allocators, and wealth managers, helping them build hedge fund portfolios around a drawdown-control philosophy rather than return prediction. Core services comprise four pillars: manager sourcing (screening ~10,000+ hedge fund databases and professional networks), quantitative analysis (cluster analysis, change detection algorithms, non-linear optimization), operational due diligence (cash controls, trading system verification, service-provider checks), and portfolio construction using the proprietary Empirical Space Portfolio Model.

The firm's technical differentiators are its proprietary analytical modules: Manager Risk Profiles, Portfolio Risk Profiles, a Portfolio Optimization approach, a Monte Carlo-based Random Portfolio Generator, and the co-developed 22-component Hedge Fund Operational Due Diligence Toolkit (with strategic partner Tom Ducrot of Fides + Ratio LLC). A Fund of Funds in a Box offering enables select clients to construct multi-manager platforms with shared expense structures. GTM is direct sales-led, leveraging the founder's 15 years of alternatives experience and Bornhoft Group track record, supported by an educational blog, lead-magnet download, and earned media in outlets such as Profit and Loss Magazine.

Commercially, Rayner Gobran operates on customized, quote-based engagements under multi-year contracts with no publicly disclosed pricing. Revenue derives from professional services fees across three horizontal financial-services personas; no platform, subscription, or productized revenue line is disclosed. With 1-10 employees, no external funding, and no disclosed revenue, the firm is a small, founder-led advisory practice whose scale and growth trajectory cannot be precisely determined from public information.

Name

Rayner Gobran

Legal name

Rayner Gobran LLC

Website

https://raynergobran.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Rayner Gobran is a Boulder-based boutique advisory firm founded by Ian Rayner that helps family offices, institutional allocators, and wealth managers source hedge fund managers, run quantitative and operational due diligence, and construct portfolios using its proprietary Empirical Space Portfolio Model.

Ownership category

akta.pro rank

Product category

Hedge Fund Consulting & Investment Advisory Services

NAICS

Portfolio Management and Investment Advice (52394), Management Consulting Services (54161)

SIC

Investment Advice (6282), Services-Management Consulting Services (8742)

akta.pro primary industry

Institutional Consultants & Fiduciary Management (Investment Consulting) (FSAAAGAJ)

Keywords

• Hedge fund consulting
• Manager sourcing
• Operational due diligence
• Portfolio construction
• Quantitative analysis

Headquarters

HQ city

Boulder

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Hedge Fund Advisory and Consulting: Professional advisory services for family offices, institutional allocators, and wealth managers seeking to build and optimize hedge fund portfolios. Services include manager sourcing, quantitative analysis, operational due diligence, and portfolio construction.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Rayner Gobran is a hedge fund consulting firm that helps family offices, institutional allocators, and wealth managers identify, evaluate, and construct portfolios of hedge fund managers. Its service offering spans manager sourcing, quantitative analysis, operational due diligence, and portfolio construction, supported by proprietary risk-analytics tools. The firm also offers a 'Fund of Funds in a Box' service for select clients seeking a more hands-on implementation.

Product overview

Rayner Gobran LLC is a hedge fund consulting and advisory firm offering a suite of services for family offices, institutional allocators, and wealth managers. The core offering consists of four interconnected services: Manager Sourcing (screening databases and networks to narrow the universe from thousands to hundreds of candidates), Quantitative Analysis (proprietary statistical tools including cluster analysis and change detection algorithms), Operational Due Diligence (verification of cash controls, trading systems, and service providers), and Portfolio Construction (using the Empirical Space Portfolio Model to target drawdown profiles). Add-on analytical modules include Manager Risk Profile, Portfolio Risk Profile, and Portfolio Optimization. The Fund of Funds in a Box service enables select clients to build multi-purpose hedge fund platforms. A downloadable Hedge Fund Operational Due Diligence Toolkit provides 22 components for self-service ODD. The firm is not a software product company but rather a consulting practice.

Differentiator

Problem solved

Functional benefit

Brands

• Fund of Funds in a Box: A multi-purpose hedge fund platform service that enables clients to earn fee income and share the expense of hedge fund investing activities, providing access to hedge fund opportunities only possible with larger pools of capital.
• Hedge Fund Operational Due Diligence Toolkit

Products and services

• Manager Sourcing Identification, screening, and shortlisting of hedge fund managers aligned with the client's strategy, risk, and return objectives. Designed for family offices, institutional allocators, and wealth managers seeking independent manager-selection support.
• Quantitative Analysis Quantitative analysis of hedge fund managers and portfolios, leveraging the firm's Manager Risk Profile and Portfolio Risk Profile analytics. Targeted at allocators that require institutional-grade statistical evaluation of hedge fund exposures and risk.
• Operational Due Diligence Independent operational due diligence on hedge fund managers, covering operational infrastructure, governance, controls, and risk processes. Designed for family offices and institutional allocators that need outsourced operational vetting.
• Portfolio Construction Construction of hedge fund portfolios using the firm's Empirical Space Portfolio Model, Portfolio Risk Profile, and other proprietary analytics. Aimed at allocators seeking diversified, risk-adjusted hedge fund exposures.
• Fund of Funds in a Box Premium implementation service for select clients, providing a more hands-on, packaged fund-of-funds-style solution built on the firm's manager research and portfolio construction capabilities.

Quantifiable outcome

• Billions of dollars placed with hedge funds through managed account platform at The Bornhoft Group

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

One partnership is on record.

• Tom Ducrot / Fides + Ratio LLCcoreStrategic or Co-development PartnerTom Ducrot is the Founder of Fides + Ratio LLC and Ratio Indices LLC. Fides + Ratio and Rayner Gobran team up on hedge fund related projects for select clients, recently working on innovative multi-manager funds. Tom and Ian co-wrote the Hedge Fund Operational Due Diligence Toolkit. Tom brings expertise from Executive Director roles at Morgan Stanley's listed derivatives group and Newedge, as well as Head of Research and Portfolio Management for Cedar Partners.

Scale indicators2 records

Recent moves5 records

Expansion highlights3 records

Others

• HFR (Hedge Fund Research): HFR provides hedge fund indices, performance data, and research used by institutional allocators — an ecosystem data provider that Rayner Gobran relies on for manager sourcing and benchmarking rather than a direct competitor.

Direct peers

• Cambridge Associates: Cambridge Associates provides investment research, manager selection, and portfolio construction for endowments, foundations, and family offices with a strong alternatives and hedge fund focus — a near-perfect comparable to Rayner Gobran's service model.
• Albourne: Albourne is a global alternatives advisory firm providing hedge fund and private market manager research, ODD, and portfolio construction to institutional investors — closely matching Rayner Gobran's niche targeting hedge fund allocators.
• StepStone Group: StepStone is an alternatives investment consulting and advisory firm offering manager research, portfolio construction, and monitoring for institutional clients — directly comparable in the hedge fund advisory niche.
• Wilshire Associates: Wilshire provides investment consulting, manager research, and OCIO services with a strong alternatives allocation practice, competing for the same institutional allocator and family office mandates as Rayner Gobran.
• Mercer Advisors: Mercer's investment consulting business serves institutional clients and family offices with manager research, ODD, and multi-asset portfolio construction — directly overlapping with Rayner Gobran's core offerings to family offices and institutional allocators.

Broad incumbents

• Aon (Hewitt EnnisKnupp): Aon's investment consulting practice (built on Hewitt EnnisKnupp) provides alternatives advisory and OCIO services across a broader portfolio of HR/Risk solutions — a scaled incumbent competing for the same institutional mandates.
• Russell Investments: Russell Investments offers institutional investment consulting, OCIO, and manager research with an alternatives allocation capability — a larger, multi-product competitor to Rayner Gobran's advisory offering.
• FRM (part of Man Group): FRM (Fund Risk Management) provides managed account platforms, ODD, and operational due diligence services to institutional allocators of hedge funds — overlapping with Rayner Gobran's operational due diligence and managed account platform expertise.

Emerging players

• PivotalPath: PivotalPath provides hedge fund performance analytics, benchmarking, and index data — an emerging tech-enabled player that competes with the quantitative analytics component of Rayner Gobran's offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rayner-gobran-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Rayner Gobran