Between 1987 and 1998, the founding partners of ASA worked at Cargill Inc developing and trading domestic and international fixed income and equity arbitrage strategies. These strategies became the bedrock of what are now called 'Hedge Funds'.

The founding partners of ASA participated in the evolution of fixed income hedge funds by creating  and managing these entities at Eagle Capital Management, Delphi Financial Group, and EW Blanch. In these roles, the partners managed billions of dollars of assets.

The founding partners  created Alternative Strategy Advisers LLC and began with a separately managed account before launching a series of limited partnerships designed to profit from relative value,  fixed income strategies. These strategies revolved around bonds versus futures or swaps arbitrage, and yield curve arbitrage.

A Limited Partnership designed to produce high, after-tax returns in the Municipal bond and derivatives markets. The partnership managed assets in excess of 1 billion dollars. TARV closed up 26.3% in 2018. Given the poor risk reward prospects, the principals decided to close TARV

A Limited Partnership designed to produce high before-tax returns in the US Govt, US Agency, taxable municipal and derivatives markets. The partnership managed assets in excess of 3 billion dollars.

A Limited Partnership designed to produce high, after-tax returns in the California municipal bond and derivatives markets. The partnership managed assets in excess of 100 million dollars.

A vehicle designed to facilitate acquisition and management of bespoke portfolios for separate, institutional clients.  Assets under management have exceeded 500 million dollars.

A single-strategy Limited Partnership created to capture the relative cheapness of ad valorem property tax-backed, zero-coupon municipal bonds.  Designed  for investors who did not have internal middle and back office capabilities.

A Limited Partnership focused on the private loan market. This is a niche strategy with capacity of 100 million dollars.

Using our relative value strategies and skills, ASA aims to generate return alpha in long-only, separately managed accounts. Assets under management is now over 1.5 blln.