Adage Capital Management, L.P. is a privately owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It launches and manages hedge funds for its clients. The firm invests in equity markets and hedging markets of the United States. It employs fundamental analysis with a focus on intra-industry valuation methodologies to make its investments. Adage Capital Management, L.P. was founded in on July 1, 2001 and is based in Boston, Massachusetts.