Whitebox Advisors LLC (Minneapolis)

Name: Whitebox Advisors LLC
Address: 3033 Excelsior Boulevard, Minneapolis, MN, 55416
Telephone: 612-253-6001

Whitebox Advisors LLC is a large advisory firm based in Minneapolis. It manages $9.25 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Minnesota, New York, and Texas.

Whitebox Advisors 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.

Whitebox Advisors: assets under management

The assets under management (AUM) of Whitebox Advisors LLC is $9.25 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 565% since the beginning of its operation, and $8.36 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $9.25 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $420.53 million each.

Whitebox Advisors has custody of $9.25 billion in cash and securities for 22 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Whitebox Advisors LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Whitebox Advisors serves?

The only and largest group of clients of Whitebox Advisors is pooled investment vehicles with 22 clients and $9.25 billion of assets under management. Among the 9 most similar advisory firms, Whitebox Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $9.25 billion for 22 clients. 55% of the firm’s clients are foreign persons or businesses.

Whitebox Advisors also advises several private funds. Namely, eight hedge funds, three other private funds, and one securitized asset fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $10,000,000.

Careers at Whitebox Advisors LLC

The company employs 91 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Michael Peter Mccormick joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Jay Redleaf	Chief executive officer	1 Jun 1999	Other	2360877
Andrew Jay Redleaf	Chief executive officer	1 Jan 2000	25% - 50%	2360877
Jonathan David Wood	Chief financial officer	1 Jul 2000	Other	4568585
Robert Jacob Vogel	Head of corporate credit and relative value	1 Jan 2004	25% - 50%	5070939
Julie Ann Vonarx	Chief compliance officer	1 Jun 2005	Other	1327591
Graham Dickson Cook	Chief marketing officer	1 Mar 2007	Other	2526418
Jonathan David Wood	Chief operating officer	1 Jul 2007	Other	4568585
Jeannine Louise Carlson	Chief financial officer	1 Jul 2007	Other	1643359
Jeannine Louise Sonstegard	Chief financial officer	1 Jul 2007	Other	1643359
Mark Mclynn Strefling	Chief legal officer	1 Jan 2008	Other	5509975
Mark Mclynn Strefling	General counsel/chief operating officer	1 Feb 2008	Other	5509975
Mark Mclynn Strefling	Chief legal officer / chief compliance officer	1 Feb 2009	Other	5509975
Michael John Wietecki	Chief compliance officer	1 Mar 2009	Other	5655365
Clinton Bradley Semm	Chief administrative officer	1 Mar 2009	Other	1884468
Clinton Bradley Semm	Chief financial officer	1 Dec 2011	Other	1884468
Elissa Rae Weddle	Associate general counsel/chief compliance officer	1 Nov 2012	Other	6137539
Blaise Grayson Morton	Chief risk officer	1 Jul 2013	Other	4367137
Michael Peter Mccormick	Chief financial officer	1 Sep 2013	Other	4900007
Brian Joseph Lofton	Chief risk officer	1 May 2014	Other	6328247
Paul Stephen Twitchell	Head of event	1 Dec 2014	Other	6318257
Jason Earle Cross	Head of equity	1 Dec 2014	Other	4382306
Dyal Capital Partners Ii (A) Lp	Member of whitebox advisors llc	1 Aug 2015	Other	98-1130800
Dyal Capital Partners Ii (B) Lp	Member of whitebox general partner llc	1 Aug 2015	Other	98-1130809
Whitebox Holdings Llc	Member of whitebox advisors llc	1 Aug 2015	25% - 50%	37-1788409
Inc. Skagday	Member of whitebox advisors llc	1 Aug 2015	25% - 50%	45-2820380
Christopher Ridgely Hardy	Chief compliance officer	1 Oct 2015	Other	2688224
Jacob Paul Mercer	Partner, head of special situations and restructuring	1 Jan 2017	Other	2987667
Michael Peter Mccormick	Chief operating officer	1 Jun 2017	Other	4900007
Robert John Riepe	Chief financial officer	1 Jun 2017	Other	6806346

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Jacob Vogel	Sole owner	1 Jul 2011	75% - 100%	5070939
Nb Dyal Associates Ii Lp	General partner	1 Sep 2013	Other	98-1130391
Andrew Jay Redleaf	Sole member	1 Aug 2015	75% - 100%	2360877

Based in Minneapolis

The principal office where Whitebox Advisors LLC performs its advisory services is located at 3033 Excelsior Boulevard, Minneapolis, MN 55416, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 612-253-6001 or by fax 612-253-6100. The normal business hours are 8 a.m - 5 p.m. cst on Monday - Friday. You can find more information about the New York firm at whiteboxadvisors.com.