Kellner Management, LP is a large advisory firm based in New York. It manages $309.39 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.
Kellner Management provides portfolio management for investment companies and 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.
The assets under management (AUM) of Kellner Management, LP is $309.39 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 64% since the beginning of its operation, and $45.96 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Kellner Management, LP 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Kellner Management is investment companies with 1 clients and $263.43 million of assets under management. Among the 9 most similar advisory firms, Kellner Management has the 2nd highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $309.39 million for 4 clients. 50% of the firm’s clients are foreign persons or businesses.
Kellner Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.
The company employs 8 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’s a single person 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.
The principal office where Kellner Management, LP performs its advisory services is located at 900 3 Rd Ave Ste 1401, New York, NY 10022, 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 212 350-0200 or by fax 212-350-0300. The normal business hours are 8 am - 5 pm on Monday - Friday. You can find more information about the New York firm at kellnercap.com.