Tegean Capital Management, LLC (New York)

Name: Tegean Capital Management, LLC
Address: 405 Lexington Avenue, New York, NY, 10174
Telephone: 212-201-1950

Tegean Capital Management, LLC is a large advisory firm based in New York. It manages $371.44 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012.

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

Tegean Capital Management: assets under management

The assets under management (AUM) of Tegean Capital Management, LLC is $371.44 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 51% since the beginning of its operation, and $365.19 million of the total AUM is attributable to clients outside of the United States.

The firm manages $371.44 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $92.86 million each.

Tegean Capital Management has custody of $365.19 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tegean 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 Tegean Capital Management serves?

The only and largest group of clients of Tegean Capital Management is pooled investment vehicles with 4 clients and $371.44 million of assets under management. Among the 8 most similar advisory firms, Tegean Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $371.44 million for 4 clients. 66% of the firm’s clients are foreign persons or businesses.

Tegean Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Tegean Capital Management, LLC

The company employs 7 people that are either part- or full-time employees. 57 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
Thomas Gus Maheras	Managing member	1 Jul 2008	75% - 100%	1290637
Donald J Henry	Chief financial officer, chief compliance officer	1 Jan 2012	Other	4813597
Edward James Cook	Chief compliance officer	1 Nov 2015	Other	5524274
Joseph Neal Levy	Chief compliance officer and chief financial officer	1 Mar 2016	Other	5754191

Based in New York

The principal office where Tegean Capital Management, LLC performs its advisory services is located at 405 Lexington Avenue, New York, NY 10174, 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 212-201-1950. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at tegean.com.