Adage Capital Management, L.P. is an employee owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It also caters to high net worth individuals, pension and profit sharing plans, family offices, Trusts, estates or charitable organizations, foundations and endowments, corporations or other business entities. It launches and manages hedge funds. The firm invests in the public equity markets of the United States. It primarily invests in value stocks of companies. The firm employs fundamental analysis to create its portfolios. The firm benchmarks the performance of its portfolio against the S&P 500 Index. Adage Capital Management, L.P. was founded on July 1, 2001 and is based in Boston, Massachusetts with an additional office in Englewood Cliffs, New Jersey.