Competitive advantage assessment
The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
Logan Ridge Finance Corporation ranks #169 of 173 scored companies in Asset Management by moat score — the top 98%. The widest moat in the group is Sound Point Meridian Capital Inc (SPMC) at 77/100.
| # | Company | Moat score | Rating |
|---|---|---|---|
| 165 | Brookfield Property Preferred LP BPYPM | 0/100 | Weak |
| 166 | Bridge Investment Group Holding BRDG | 0/100 | Weak |
| 167 | GCM Grosvenor Inc. GCMGW | 0/100 | Weak |
| 168 | Highest Performances Holdings I HPH | 0/100 | Weak |
| 169 | Logan Ridge Finance Corporation LRFC | 0/100 | Weak |
| 170 | Portman Ridge Finance Corporati PTMN | 0/100 | Weak |
| 171 | Prestige Wealth Inc. PWM | 0/100 | Weak |
| 172 | Tortoise Essential Assets Incom TEAF | 0/100 | Weak |
| 173 | 180 Degree Capital Corp. TURN | 0/100 | Weak |
See every Asset Management & Capital Markets company ranked by moat score →
Fee revenue quality is the ability to charge above the industry's falling average and keep charging it.
Assets under management leave far more easily than they arrive, and the fee leaves with them.
Compensation is the largest expense in asset management and the one that decides whether a good year ever reaches shareholders.
Asset managers are asset-light: with little capital employed, a healthy business should earn a very high return on equity, and a merely average one is a real warning.
Reported profits here can be flattered by performance fees, seed-capital gains and consolidated fund accounting, none of which recur reliably.
Because the business needs so little capital, an asset manager carrying meaningful debt has usually borrowed to buy another manager or to fund distributions.
How each Asset Management Specialized defense is measured, in full →
Logan Ridge Finance Corporation (LRFC) scores 0 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as weak. It ranks #169 of 173 scored companies in Asset Management, the top 98%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 174 companies in Asset Management.
Logan Ridge Finance Corporation ranks #169 of 173 scored companies in Asset Management by moat score. The widest moat in Asset Management is Sound Point Meridian Capital Inc (SPMC) at 77/100. The companies ranked closest are Highest Performances Holdings I (HPH) at 0 just above it and Portman Ridge Finance Corporati (PTMN) at 0 just below it.
Each company is scored with an industry-specific template — Asset Management Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 174 companies in Asset Management. The defenses are then weighted to produce the overall score out of 100.
An asset manager owns almost nothing. It charges a fee on someone else's money, pays much of that fee out in compensation, and keeps the remainder — so its economics turn on the fee rate it can defend, whether client money stays, and how much revenue survives the bonus pool. The Asset Management template scores those questions rather than the balance sheet, which in this industry is largely beside the point.
The Asset Management Specialized template measures 6 defenses, and LRFC scores: Fee Revenue Quality (not measurable), Client Retention & Revenue Stickiness (not measurable), Compensation Discipline (not measurable), Capital Efficiency (not measurable), Earnings Quality & Cash Conversion (not measurable), Balance Sheet Strength (not measurable). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.