{
  "crd_number": 145543,
  "slug": "ranger-alternative-management-l-p-dallas-tx-145543",
  "primary_business_name": "RANGER ALTERNATIVE MANAGEMENT, L.P.",
  "legal_name": "RANGER ALTERNATIVE MANAGEMENT, L.P.",
  "dbas": [],
  "city": "Dallas",
  "state": "TX",
  "country": "United States",
  "cbsa_code": "19100",
  "metro": {
    "cbsa_code": "19100",
    "common_name": "Dallas",
    "msa_name": "Dallas-Fort Worth-Arlington, TX",
    "path": "/advisors/tx/dallas"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2008-05-12",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-03-31",
  "carried_forward": false,
  "raum_total": 54470413.0,
  "raum_discretionary": 54470413.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "25m_100m",
  "raum_band_label": "$25 million to $100 million",
  "total_employees": 11,
  "advisory_employees": 2,
  "client_count_bucket": null,
  "clients_by_type": {
    "investment_companies": {
      "raum": 54470413.0,
      "count": 1
    }
  },
  "compensation_types": [
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "portfolio_management_investment_companies"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AZ",
    "CT",
    "TX"
  ],
  "websites": [
    "https://advisorshares.com/FUND/HDGE",
    "https://rangerequitybear.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145543",
  "city_as_filed": "DALLAS",
  "url": "https://advisorcensus.com/firm/ranger-alternative-management-l-p-dallas-tx-145543",
  "display_name": "Ranger Alternative Management, L.P.",
  "summary": "Ranger Alternative Management, L.P. is an SEC-registered investment advisory firm in Dallas, TX, registered since 2008, reporting $25 million to $100 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.",
  "citation": "AdvisorCensus. Ranger Alternative Management, L.P. (CRD 145543): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)"
  ],
  "quick_answers": [
    {
      "q": "How is Ranger Alternative Management, L.P. compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Ranger Alternative Management, L.P. reports these compensation arrangements: a percentage of assets under its management."
    },
    {
      "q": "Where is Ranger Alternative Management, L.P. located?",
      "a": "Ranger Alternative Management, L.P.'s principal office is in Dallas, TX, according to its Form ADV."
    },
    {
      "q": "Is Ranger Alternative Management, L.P. registered with the SEC or a state?",
      "a": "Ranger Alternative Management, L.P. is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 145543."
    },
    {
      "q": "How much does Ranger Alternative Management, L.P. manage?",
      "a": "Ranger Alternative Management, L.P. reports $54,470,413 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)."
    },
    {
      "q": "How have Ranger Alternative Management, L.P.'s assets and staff changed since 2021?",
      "a": "In the Form ADV data for Ranger Alternative Management, L.P.: Regulatory assets under management: $59,719,411 in the October 2021 data and $54,470,413 in the October 2026 data, down 9%. Total employees: 14 in October 2021 and 11 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Ranger Alternative Management, L.P. serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (1)."
    },
    {
      "q": "Does Ranger Alternative Management, L.P. report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/145543"
    },
    {
      "q": "Does Ranger Alternative Management, L.P. state an account minimum?",
      "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"There is no minimum to invest in the Ranger Equity Bear ETF (HDGE).\""
    },
    {
      "q": "What changed in Ranger Alternative Management, L.P.'s recent Form ADV filings?",
      "a": "In the April 2026 filing data: Regulatory assets under management went from $47,503,363 to $54,470,413 (+15%). Registered or notice-filed in AZ. Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 59719411.0,
      "total_employees": 14,
      "filing_date": "2021-03-23"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 74286878.0,
      "total_employees": 14,
      "filing_date": "2022-03-31"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 163806443.0,
      "total_employees": 9,
      "filing_date": "2023-03-31"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 69142443.0,
      "total_employees": 10,
      "filing_date": "2024-03-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 47503363.0,
      "total_employees": 11,
      "filing_date": "2025-03-31"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 54470413.0,
      "total_employees": 11,
      "filing_date": "2026-03-31"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Regulatory assets under management went from $47,503,363 to $54,470,413 (+15%).",
        "Registered or notice-filed in AZ.",
        "Updated its list of owners and control persons (Schedule A)."
      ]
    }
  ],
  "fees_from_brochure": {
    "source": "Form ADV Part 2A brochure dated March 31, 2026",
    "provided_by_the_firm": false,
    "tiers": [],
    "flat_rate": null,
    "stated_range": null,
    "stated_maximum": null,
    "account_minimum": "None",
    "account_minimum_may_be_waived": false,
    "minimum_annual_fee": null,
    "planning_fees": [],
    "figures": [
      {
        "label": "Account minimum",
        "statements": [
          "Account minimum: None"
        ],
        "quotes": [
          "There is no minimum to invest in the Ranger Equity Bear ETF (HDGE)."
        ]
      }
    ],
    "values": {
      "tiers": [],
      "range_pct": null,
      "max_pct": null,
      "account_minimum": 0.0,
      "minimum_annual_fee": null,
      "planning": []
    },
    "quotes": [
      "There is no minimum to invest in the Ranger Equity Bear ETF (HDGE)."
    ],
    "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable."
  },
  "custodians": [],
  "custodians_note": null,
  "markdown_url": "https://advisorcensus.com/firm/ranger-alternative-management-l-p-dallas-tx-145543.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 1,
      "fewer_than_5": false,
      "raum": 54470413.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/145543",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}