July 23, 2014 1:53 AM ET

Capital Markets

Company Overview of Harvest Capital Strategies LLC

Company Overview

Harvest Capital Strategies LLC is a privately owned hedge fund manager. The firm primarily provides its services to pooled investment vehicles. It also caters to corporations. The firm manages a family of single strategy and multi manager hedge funds for its clients. The firm invests in public equity markets. It was founded in 1999 and is based at San Francisco, California. Harvest Capital Strategies LLC operates as a subsidiary of JMP Group Inc.

600 Montgomery Street

Suite 1700

San Francisco, CA 94111

United States

Founded in 1999

Phone:

415-835-3900

Fax:

415-263-1336

Key Executives for Harvest Capital Strategies LLC

Chief Executive Officer
Age: 55
President and Chief Operating Officer
Chief Financial Officer
Age: 41
Managing Director and Chief Compliance Officer
Age: 58
Managing Director and Portfolio Manager
Compensation as of Fiscal Year 2014.

Harvest Capital Strategies LLC Key Developments

Harvest Capital Strategies LLC Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Harvest Capital Strategies LLC announced unaudited earnings results for the third quarter and nine months ended September 30, 2013. Adjusted net revenues of $6.0 million, excluding net investment income, increased 25.4% from $4.8 million for the third quarter of 2012. JMP Group's return on the capital it had invested in hedge funds managed by Harvest Capital Strategies was 0.3% for the quarter. Operating net income per share was $0.02 against $0.02 per share a year ago. JMP Group's return on the capital it had invested in hedge funds managed by Harvest Capital Strategies was 4.5% for the nine months ended September 30, 2013. Operating net income per share was $0.04 against $0.10 per share a year ago.

Harvest Capital Strategies LLC Announces Unaudited Financial for the Fourth Quarter and Year Ended December 31, 2012

Harvest Capital Strategies LLC announced unaudited financial for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported adjusted net revenues excluding net investment income grew 13.0% for the fourth quarter and fell 3.7% for 2012 on a year-over-year basis, despite a decline in incentive fees generated by the Harvest Small Cap Partners strategy as well as a reduction in other revenues due to the liquidation of a sponsored hedge fund, Expo Health Sciences Master Fund, and the termination of a consulting agreement with New York Mortgage Trust Inc. in June 2012. The decline in fee Revenue was more than offset by a material increase in net investment income driven primarily by an improved return on the capital invested by JMP Group in its hedge funds of 11.9% for 2012, compared to 4.8% for 2011, and a reduced compensation accrual in connection with net investment income. Adjusted net Revenue was $6.378 million, operating income before taxes was $2.339 million, operating net income was $1.356 million or $0.06 per diluted share. For the year, the company reported adjusted net revenues of $25.945 million, operating income before taxes was $6.491 million, operating net income was $3.765 million or $0.16 per diluted share.

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