Twin Securities, Inc. is a large advisory firm based in New York. It manages $284.48 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.
Twin Securities provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. 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 Twin Securities, Inc. is $284.48 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 98% since the beginning of its operation, and $138.69 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Twin Securities, Inc. 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 only and largest group of clients of David Joel Simon is pooled investment vehicles with 4 clients and $161.53 million of assets under management. Among the 9 most similar advisory firms, Twin Securities has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $161.53 million for 4 clients. 78% of the firm’s clients are foreign persons or businesses.
Twin Securities also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 7 people that are either part- or full-time employees. 86 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.
David Joel Simon has been acting as President since 1 May 1995. Ewing Chiu joined the executive team most recently as the Chief Compliance Officer.
The principal office where Twin Securities, Inc. performs its advisory services is located at 250 West 55 Th Street, New York, NY 10019, 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 212-687-6850 or by fax 212-687-6901. The normal business hours are 7am - 5pm on Monday - Friday. You can find more information about the New York firm at twincap.com.