A Boutique Investment Management Firm

Providing investment and tax advisory services for private and institutional clients

Please note the Liniam Capital LLC does not participate in any social media chat rooms. If for some reason we are represented as such, please be aware this is not our firm and should be considered false and fraudulent information.

Market Perspective

Market Update June 2026

July 16, 2026

Market Update October 27th, 2025 The past few months have been very eventful with the Iran related market drawdown through March followed by the nearly unprecedented surge in April and May, driven by AI related enthusiasm. Equitymarket moves of the magnitude experienced over the past 10 weeks are almost exclusive to the initial rebound from a bear market low. The multitude of cross currents today include extreme valuation and concentration, momentum and enthusiasm for a new technology, unprecedented potential equity supply from 3 mega scale IPOs beginning this week, war and a potential energy crisis, foreign central bank intervention (Japan) and policy tightening, and inflation re-accelerating. Read our full report here

Read our full report here

Investment Solutions

Liniam Capital is an Registered Investment Advisory firm located in Minneapolis, Minnesota and as such is a fiduciary that acts solely in our clients best interest. We take a comprehensive macro and fundamental approach to the markets and utilize a full suite of investment tools, asset classes and security types used to enhance income and total return, manage volatility, limit downside and preserve liquidity. Portfolios are actively managed to achieve investment performance excellence for both our Institutional and Private clients.

Customized Solutions

Highly customized approach structured to address client’s income requirements, liquidity needs, risk tolerance and total return expectations.

Equity Premium Strategy

An active equity strategy that seeks to outperform the broad equity market over the long term, while generating superior income with less volatility.

Bond Premium Strategy

An active fixed income strategy that seeks to generate superior income and total return performance relative to the broad domestic bond market. The strategy generates additional income through utilizing covered call strategies and/or adopting cash secured put-write strategies.

Absolute Return Strategy

This strategy provides investors an alternative to a traditional asset allocation approach by allocating to asset classes and securities based on our macro views and expected returns over a tactical horizon. The objective is to outperform an allocation mix of 60% stocks and 40% bonds with smaller periodic drawdowns, less volatility and low correlation to markets throughout a market cycle.

Our Team

Mark Austin

Principal, Chief Executive Officer

Mark has worked extensively with pension funds, endowments, foundations, corporate funds, and high net worth investors in a variety of business development, client service, and product management capacities in his over 30-year career in the capital markets, Mark’s experience spans a range of asset classes, including domestic and international equity, fixed income, private equity, real estate, infrastructure, and liquid alternatives.
Prior to founding Liniam Capital, Mark was a Managing Director at North Sky Capital and has held positions at FAF Advisors/US Bank, Piper Capital Management, and Investment Advisers, Inc. He also served as the President of the North Hennepin Community College Foundation.
Mark earned his MBA from the University of St. Thomas and his B.S. from the University of Minnesota.

Keith Hembre, CFA, CPA

Principal, Chief Investment Officer

Keith is a seasoned investment professional with more than 25 years of experience in leadership roles within the investment management industry. Prior to joining Liniam he was the Chief Economist and Investment Strategist at Nuveen Asset Management and at FAF Advisors/US Bank prior to that. In these roles he was responsible for leading the Quantitative Strategies Teams at those firms that were responsible for managing asset allocation, absolute return, equity options and index products and strategies. He has a passion for economic and market analysis, has served on the Economic Advisory Committee for the American Bankers Association and was named the most accurate economic forecaster by BusinessWeek magazine in 2007.
He holds the Chartered Financial Analyst designation, a B.A. in economics from the University of Minnesota and an M.S. in economics from Baylor University, and completed the program on Investment Decisions and Behavioral Finance at Harvard University.