Steelhead Capital Management is a registered investment advisor founded in 2026 and owned by Kedar Mohare. The firm offers two primary services: discretionary portfolio management focusing exclusively on United States-listed stock equities using fundamental and technical analysis, and structured, non-discretionary financial planning services. Portfolio management is offered under a performance-based fee structure for qualified clients, featuring a 0.00% annual management fee and a 25.00% fee on net profits exceeding a 6.00% cumulative annual non-compounded hurdle rate. Financial planning services cover baseline net-worth analysis, cash flow management, savings discipline, and retirement goals, delivered through formal written plans and quarterly review meetings. The firm emphasizes long-term value investing principles and does not invest client funds in commodities, cryptocurrencies, non-fungible tokens, or stablecoins. All client accounts are held at Interactive Brokers LLC as the qualified custodian.
Fee Structure
Steelhead Capital Management offers an investment management fee structure for qualified clients that consists of a 0.00% annual management fee combined with a performance-based fee.
- Management Fee — 0.00% per year on portfolio assets
- Performance Fee — 25.00% of net capital profits that exceed a 6.00% cumulative annual non-compounded hurdle rate
- Hurdle Rate — 6.00% preferred return calculated quarterly (1.50% per quarter) based on the initial principal
- High-Water Mark — A perpetual high-water mark and loss carryforward provision applies, meaning all prior losses and hurdle shortfalls must be fully recovered before any future performance-based fees are charged
Participation in this performance-based fee tier is strictly limited to qualified clients who maintain at least $1,100,000 under management with the firm or possess a verified net worth exceeding $2,200,000, excluding their primary residence.