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Hite Hedge Asset Management LLC: investment adviser
Hite Hedge Asset Management LLC is an investment adviser registered with the SEC (file 801-73166, CRD 160173). What it reports on Form ADV: assets and clients, fees, owners, disciplinary history and its client brochure. From the SEC's Investment Adviser Public Disclosure site; read Oct 21, 2026.
- Assets managed
- $2.2B
- Discretionary
- 100%
- Accounts
- 7
- Employees
- 21
- In advisory roles
- 13
- Disclosures
- 2
Company page · SEC adviser record · Full Form ADV (PDF)
The firm reports that it or a related person has custody of client cash and securities.
Form ADV Part 1A, Item 5, as filed on the SEC Investment Adviser Public Disclosure site; read Oct 21, 2026.
Clients and fees
Whom the firm advises and how it is paid, from Items 5.D, 5.E and 5.G.
| Client type | Clients | Assets | Share |
|---|---|---|---|
| Private funds and other pooled vehicles | 4 | $1.8B | 83.1% |
| Other: Fund of funds sma | 3 | $368.4M | 16.9% |
How it is paid
- A percentage of assets under your management
- Performance-based fees
Services
- Portfolio management for pooled investment vehicles (other than investment companies)
Who owns it
Schedule A lists direct owners of 5% or more (and officers who own a stake); Schedule B lists the owners of those owners.
Direct owners (Schedule A)
| Owner | Type | Role | Stake | Since | Control | Public company |
|---|---|---|---|---|---|---|
| Hite Hedge Asset Management LP | Company (U.S.) | General partner | E 75% or more | Dec 2018 | Yes |
Indirect owners (Schedule B)
| Owner | Owns a stake in | Type | Stake | Control | Public company |
|---|---|---|---|---|---|
| Hite Hedge Asset Management GP | Hite Hedge Asset | Company (U.S.) | F General partner, trustee or managing member | Yes | |
| JP Morgan Trust Company of | The Niblack Layne | Company (U.S.) | F General partner, trustee or managing member | ||
| Robert Matthew Niblack | Asl Capital LLC | Person | F General partner, trustee or managing member | Yes | |
| Asl Capital LLC | Asl Hite Holdings | Company (U.S.) | E 75% or more | Yes | |
| Robert Matthew Niblack | NL Hite Holdings | Person | E 75% or more | Yes | |
| Robert Matthew Niblack | Hite Hedge Asset | Person | E 75% or more | Yes | |
| The Niblack Layne 2021 Delaware Trust | Asl Capital LLC | Company (U.S.) | E 75% or more | Yes | |
| NL Hite Holdings LLC | Hite Hedge Asset | Company (U.S.) | D 50% to 75% | Yes | |
| Asl Hite Holdings LLC | Hite Hedge Asset | Company (U.S.) | C 25% to 50% | Yes |
Form ADV reports ownership in bands, not exact stakes: A means 5% to 10%, B 10% to 25%, C 25% to 50%, D 50% to 75%, E 75% or more. F marks a general partner, trustee or managing member, a role that controls the firm without a percentage. Owners of less than 5% are not listed.
Form ADV Schedules A and B, via the SEC Investment Adviser Public Disclosure site.
Disciplinary history
What the firm disclosed under Item 11 of Form ADV. A disclosure is the firm's own report: pending matters are allegations, not findings, and many settlements are made without admitting or denying them. Text is quoted from the filing, set in sentence case.
Item 11 questions answered Yes
These questions cover the firm and its advisory affiliates.
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: found you or any advisory affiliate to have been involved in a violation of SEC or CFTC regulations or statutes?
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: entered an order against you or any advisory affiliate in connection with investment-related activity?
- Has the SEC or the Commodity Futures Trading Commission (CFTC) ever: imposed a civil money penalty on you or any advisory affiliate, or ordered you or any advisory affiliate to cease and desist from any activity?
- (1) Has any domestic or foreign court: ever found that you or any advisory affiliate were involved in a violation of investment-related statutes or regulations?
Actions about the firm (2)
- Feb 28, 2023Civil Judicial Action FinalSanctions: Civil Penalty(ies)/Fine(s); Disgorgement · Fine: $103,591 · Begun Feb 17, 2023 · Resolved Feb 28, 2023 · Consent
The SEC alleged Hite purchased securities in a secondary offering when it sold short shares of the same security during the rule 105 (Regulation M) period.
Hite Hedge Asset Management LLC paid a civil penalty in the amount of $103,591. As part of this action, Hite hedge LP was required to disgorge $19,042.63. Hite hedge II LP was required to disgorge $41,744.06. Hite hedge offshore LTD was required to disgorge $55,780.07
- Feb 21, 2023Regulatory Action: SEC FinalSanctions: Cease and Desist · Begun Feb 21, 2023 · Resolved Feb 21, 2023 · Decision & Order of Offer of Settlement · Docket AP FILE NO: 3-21308
The SEC alleged Hite Hedge Asset Management purchased securities in a secondary offering when it sold short shares of the same security within the rule 105 (Regulation M) restricted period.
N/a
In February 2023, the SEC and Hite entered into a settlement to resolve a single violation of rule 105 of Regulation M. The SEC found that Hite violated rule 105 by participating in one secondary offering in 2021 while also selling short during the restricted period. Hite has resolved this matter without admitting or denying the SEC's findings. As part of this resolution, Hite agreed to cease and desist from violating and any future violations of rule 105. Hite also agreed to pay a one-time civil money penalty of $103,591. The funds that participated in the secondary offering were required to disgorge $111,629.52 and to pay prejudgment interest of $4,937.24; Hite has reimbursed the funds for this disgorgement and prejudgment interest to ensure that there would be no financial loss for investors as a result of this settlement. Hite has always taken rule 105 very seriously, and this event occurred despite our team following the appropriate compliance practices based in part on incorrect information from the underwriter about the nature of the offering. Since this occurrence, we have further enhanced our documentation and procedures based on the knowledge gained from this experience.
Form ADV Item 11 and its Disclosure Reporting Pages, via the SEC record. All adviser disciplinary records.
The brochure
No brochure text was read for this firm.
Other brochures on file
- 2026 Hite Hedge Asset Management LLC Form ADV Part 2A, Mar 31, 2026
Form ADV Part 2A, via the SEC Investment Adviser Public Disclosure site.