K2/D&S Management Co., L.L.C. (Stamford)

Name: K2/D&S Management Co., L.L.C.
Address: 300 Atlantic Street 12 Th Fl., Stamford, CT, 06901 3535
Telephone: 203-348-5252

K2/D&S Management Co., L.L.C. is a large advisory firm based in Stamford. It manages $10.63 billion of regulatory assets for 137 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdiction of Connecticut.

K2/D&S Management Co., L.L.C provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and funds of hedge fund advisory and management services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

K2/D&S Management Co., L.L.C: assets under management

The assets under management (AUM) of K2/D&S Management Co., L.L.C. is $10.63 billion. The firm's AUM has grown by 1087% since the beginning of its operation, and $8.4 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $10.17 billion in discretionary accounts and $460.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $80.1 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $46.01 million.

K2/D&S Management Co., L.L.C has custody of $880.04 million in cash and securities for 25 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 85% of the total AUM. The second-largest asset type is exchange traded securities, which make up 15% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay K2/D&S Management Co., L.L.C. 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 David Charles Saunders serves?

The firm provides services to investment companies, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of David Charles Saunders is pooled investment vehicles with 100 clients and $4.97 billion of assets under management. Among the 12 most similar advisory firms, K2/D&S Management Co., L.L.C has the 6th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $10.63 billion for 133 clients. 73% of the firm’s clients are foreign persons or businesses.

K2/D&S Management Co., L.L.C also advises several private funds. Namely, fifty one hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $200,000,000.

Careers at K2/D&S Management Co., L.L.C.

The company employs 115 people that are either part- or full-time employees. 46 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Charles Saunders has been acting as President since 1 May 1997. Madison Sterling Gulley joined the executive team most recently as the Executive Vice President Alternative Strategies.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Charles Saunders	Director	1 May 1997	Other	1105753
William Angus Douglass	Director	1 May 1997	Other	1158286
Stephanie Ann Christie	Chief financial officer, managing director	1 May 1997	Other	1978665
Robert William Jones	Chief operating officer, managing director	1 May 1997	Other	4514424
Lynn Douglass	Trustee of the wad family trust	1 Dec 2001	Other	4938067
Jonathan Mayhew Wainwright	Trustee of the wad family trust	1 Dec 2001	Other	4523920
Wad Family Trust	Member	1 Dec 2001	Other	13-7306865
Elena Garcia De Madariaga	General counsel, chief compliance officer, managing director	1 Jul 2002	Other	4608210
John Ferguson	Chief compliance officer	1 Aug 2006	Other	4635144
Michael John Andersen	General counsel; chief compliance officer	1 Apr 2007	Other	2040794
Roger B. Kafker	Director	1 Apr 2007	Other	4426863
Llc K2 Advisors Subsidiary Holdings	100% owner	1 Apr 2007	75% - 100%	20-8776216
Gary Paul Watson	Chief financial officer	1 May 2007	Other	2519005
Michael Anthony Firgeleski	Chief compliance officer	1 Jan 2008	Other	5476048
John Patrick Hornbostel	General counsel	1 Jul 2010	Other	5831407
Bjorn Anthony Davis	Chief compliance officer	1 Jan 2011	Other	4104631
Llc K2 Advisors Holdings	100% owner	1 May 2013	75% - 100%	20-8776078
Benjamin Charles Browning	Chief operating officer	1 Apr 2018	Other	6946261
Madison Sterling Gulley	Executive vice president - alternative strategies	1 Jan 2019	Other	1862155

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Charles Saunders	Unit holder	1 Apr 2007	25% - 50%	1105753
Llc K2 Advisors Holdings	100% owner	1 Apr 2007	75% - 100%	20-8776078
William Angus Douglass	Unit holder	1 Apr 2007	25% - 50%	1158286
Ta X Lp	Warrant holder (upon exercise)	1 Apr 2007	25% - 50%	20-4529991
Inc. Franklin Resources	Parent organization: 100%	1 Oct 2012	75% - 100%	13-2670991
Llc Franklin Templeton Institutional	Majority owner	1 Nov 2012	50% - 75%	117384

Based in Stamford

The principal office where K2/D&S Management Co., L.L.C. performs its advisory services is located at 300 Atlantic Street 12 Th Fl., Stamford, CT 06901 3535, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-348-5252 or by fax 203-359-6369. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at k2advisors.com.