Alta Fundamental Advisers, located in New York, NY, manages four private funds, overseeing a total of approximately $328 million in assets under management (AUM). The firm, functioning as a hedge fund, serves 21 clients with discretionary AUM amounting to $552,662,000 according to the Form ADV filed on March 31, 2023. The most recent 13F filing for Q3 2023 disclosed that it has $209,952,533 in managed 13F securities, with a top 10 holdings concentration of 95.0%.
Alta Fundamental Advisers LLC was founded by Gilbert Li, who serves as the Managing Member of the company. Mr. Li also holds a position on the board of Advanced Emissions Solutions, Inc. Previously, Mr. Li served as a Portfolio Manager at Watershed Asset Management LLC, held a position as a Member of the Managers Board at Tinuum Group LLC, worked as a Principal at Merrill Lynch, Pierce, Fenner & Smith, Inc., and held the role of Portfolio Manager at J.P. Morgan Investment Management Ltd. Gilbert Li obtained his undergraduate degree from the University of California, Berkeley. Additionally, Jeremy Carton is one of the co-founders and managing partners at Alta Fundamental Advisers LLC, a hedge fund company. Serving as the Managing Member since January 1, 2013, Jeremy Carton holds an ownership stake in Alta Fundamental Advisers LLC ranging from 50% to 75%.
The majority of accounts under Alta Fundamental Advisers LLC's management operate on a discretionary basis. Additionally, the firm oversees two non-discretionary accounts, collectively holding $1.3 billion in assets under management. Each account is managed with an average asset value of approximately $75.3 million. Alta Fundamental Advisers LLC demonstrates a personalized approach, with the typical financial advisor overseeing around six client accounts, positioning it as one of the more individualized financial advisor firms in the nation.