Hg Vora Capital Management, LLC (New York)


Hg Vora Capital Management, LLC is a large advisory firm based in New York. It manages $6.82 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Hg Vora Capital Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hg Vora Capital Management: assets under management

The assets under management (AUM) of Hg Vora Capital Management, LLC is $6.82 billion. The firm's AUM has grown by 4261% since the beginning of its operation, and $6.5 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.5 billion in discretionary accounts and $327.2 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.08 billion each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $65.44 million.
Hg Vora Capital Management has custody of $6.5 billion in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hg Vora Capital Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Hg Vora Capital Management serves?

The only and largest group of clients of Hg Vora Capital Management is pooled investment vehicles with 8 clients and $6.78 billion of assets under management. Among the 9 most similar advisory firms, Hg Vora Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6.78 billion for 8 clients. 36% of the firm’s clients are foreign persons or businesses.

Hg Vora Capital Management also advises several private funds. Namely, one hedge fund and one private equity fund. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Hg Vora Capital Management, LLC

The company employs 29 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Parag M. Vora Managing member 1 Apr 2009 75% - 100% 4242054
Lp Kgt/Plh Capital Member 1 Apr 2009 25% - 50% 26-4617798
Philip Marvin Garthe Chief operating officer 1 Jun 2009 Other 4392831
Philip Marvin Garthe Chief compliance officer 1 Jan 2010 Other 4392831
Michael Lee Chief financial officer 1 Jun 2010 Other 5440623
Gary Evan Moross Member 1 Jan 2012 Other 2394513
Mandy Lam General counsel 1 Dec 2014 Other 6828494
Lp Hg Vora Management Sole member 1 Apr 2017 75% - 100% 30-0977044
Christopher Mclean Chief compliance officer 1 Jun 2017 Other 6821318

Indirect Owners

The SEC currently registers 8 indirect owners.

Name Entity Date acquired Ownership Employer ID
Fred Lohmeyer Trustee (st giles trust) 1 Apr 2009 Other 6317331
St. Giles Trust Partner (kgt/plh capital, lp) 1 Apr 2009 25% - 50% 75-6550421
Kgt Investments Llc Partner (kgt/plh capital, lp) 1 Apr 2009 25% - 50% 26-6593991
Khimji Generational Trust Member (kgt investments, llc) 1 Apr 2009 75% - 100% 26-6593991
Llc Kgt/Plh Capital Gp General partner (kgt/plh capital, lp) 1 Apr 2009 Other 26-4617747
St Giles Trust Member (kgt/plh capital gp, llc) 1 Apr 2009 50% - 75% 75-6550421
Parag M. Vora Limited partner 1 Apr 2017 75% - 100% 4242054
Llc Hg Vora Management (Gp) General partner 1 Apr 2017 Other 82-1033663

Based in New York

The principal office where Hg Vora Capital Management, LLC performs its advisory services is located at 330 Madison Ave, 20 Th Floor, New York, NY 10017, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-707-4300 or by fax 212-707-5555. The normal business hours are 8am - 6pm on Monday - Friday. You can find more information about the New York firm at hgvora.com.