Our History

Hi-Line Capital Management was founded to address a recurring and often overlooked challenge faced by institutions and long-term investors: substantial financial assets being managed without a clear strategic framework, governance structure, or long-horizon discipline.

Over years of working alongside organizations with complex balance sheets — particularly hospitals, foundations, and mission-driven entities — founder Michael Anderson observed a consistent pattern. Leadership teams devoted significant attention to operating performance, while financial assets on the balance sheet were often treated as static reserves rather than a strategic enterprise.

Hi-Line Capital was established to bring institutional rigor, evidence-based investment discipline, and repeatable process to that second business.

From the outset, the firm has been built around a core belief:

long-term financial strength is achieved through discipline, structure, and alignment — not prediction or market timing.

Rather than relying on a single approach, Hi-Line Capital developed proprietary strategies designed to serve distinct roles within a portfolio, allowing organizations and investors to remain liquid, resilient, and positioned to compound capital across full market cycles.

Today, Hi-Line Capital serves institutions, independent advisors, and private clients seeking institutional-grade investment strategy grounded in clarity, patience, and long-term thinking.

Hi-Line Capital Management — Key Milestones

Foundation and Philosophy

Hi-Line Capital is founded on a value-based, evidence-driven investment philosophy emphasizing margin of safety, disciplined process, and long-term alignment between assets and mission.

Development of the “Two Businesses” Framework

The firm formalizes its core insight that most organizations operate both an operating enterprise and a financial enterprise — and that long-term success depends on managing both with equal intentionality.

Proprietary Strategy Design

The firm formalizes its core insight that most organizations operate both an operating enterprise and a financial enterprise — and that long-term success depends on managing both with equal intentionality.

Institutional Engagement

The firm begins working closely with hospitals, foundations, and other organizations to help leadership teams and boards better govern and deploy financial assets over multi-decade time horizons.

Expansion of Advisory Scope

Hi-Line Capital extends its work to independent RIAs and private clients seeking institutional-grade investment strategy without product conflicts or short-term incentives.

Ongoing Evolution

Today, Hi-Line Capital continues refining its frameworks, reporting, and strategy design — maintaining a focus on process fidelity, transparency, and durability through changing market environments.

Founder: Michael Anderson

Michael Anderson is the founder of Hi-Line Capital Management and brings a deeply institutional perspective to investment strategy.

Throughout his career, Michael has worked with executive teams, boards, and fiduciaries responsible for managing complex balance sheets and long-term capital. His experience spans roles that integrate financial leadership, investment oversight, and strategic planning — particularly within organizations where financial durability directly supports mission and service.

Michael’s work is grounded in the belief that successful long-term outcomes are driven less by intelligence or access to information and more by governance, structure, and behavior. He has consistently focused on helping organizations.

He is known for translating complex financial concepts into clear, practical frameworks that leadership teams and boards can understand, govern, and sustain. Much of Hi-Line Capital’s core philosophy — including its emphasis on discipline over prediction and its focus on compounding capital over decades — emerged directly from this work.

Michael founded Hi-Line Capital Management to institutionalize these principles into a repeatable, transparent process that serves organizations and investors seeking clarity, durability, and long-term financial strength.