Meritage Capital, LLC is an employee-owned hedge fund sponsor established in 2003 by Alex Smith and Tom Meredith. Based in Austin, Texas, with an additional office in Memphis, Tennessee, the firm provides investment services primarily to pooled investment vehicles, family offices, high-net-worth individuals, charitable organizations, endowments, foundations, and corporations. Meritage Capital manages over $1 billion in assets through client-focused portfolios, proprietary commingled strategies, and liquid alternatives. The firm invests globally in public equity and fixed income markets, employing a range of strategies including global macro, long/short equity, relative value, and absolute return. Its investment process incorporates both fundamental and quantitative analysis, utilizing a combination of top-down and bottom-up approaches, as well as external and in-house research. Meritage Capital, LLC operates as a subsidiary of Brown Advisory Incorporated.