Hci Equity Management, L.P. (Washington)

Name: Hci Equity Management, L.P.
Address: 1730 Pennsylvania Ave, Nw, Washington, DC, 20006 4748
Telephone: 202-371-0150

Hci Equity Management, L.P. is a large advisory firm based in Washington. It manages $1.32 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdictions of District of Columbia, Illinois, and Minnesota.

Hci Equity 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.

Hci Equity Management: assets under management

The assets under management (AUM) of Hci Equity Management, L.P. is $1.32 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 54% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.32 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $220.17 million each.

Hci Equity Management has custody of $1.32 billion in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hci Equity Management, L.P. 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 Hci Equity Management serves?

The only and largest group of clients of Hci Equity Management is pooled investment vehicles with 6 clients and $1.32 billion of assets under management. Among the 9 most similar advisory firms, Hci Equity Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.32 billion for 6 clients. None of the firm’s clients are foreign persons or businesses.

Hci Equity Management also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Hci Equity Management, L.P.

The company employs 19 people that are either part- or full-time employees. 100 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
Douglas Paul Mccormick	Managing partner	1 Nov 2010	25% - 50%	2760141
Scott Daryll Rued	Managing partner	1 Nov 2010	25% - 50%	4815137
Daniel Mckenzie Dickinson	Managing partner	1 Nov 2010	25% - 50%	1747099
James John Forese	Chief operating officer	1 Nov 2010	Other	4815222
L.L.C. Hci Equity Partners	General partner	1 Nov 2010	Other	27-4000182
Lisa Costello	Chief compliance officer; chief financial officer	1 Nov 2010	Other	5303937

Based in Washington

The principal office where Hci Equity Management, L.P. performs its advisory services is located at 1730 Pennsylvania Ave, Nw, Washington, DC 20006 4748, which is also the mailing address of the firm. An additional office of the firm is in Northbrook, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 202-371-0150 or by fax 202-312-5320. The normal business hours are 8:30 a.m.-5:30 p.m. on Monday - Friday. You can find more information about the New York firm at hciequity.com.