Islet Management, LP (New York)

Islet Management, LP is a large advisory firm based in New York. It manages $478.14 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2017.

Islet 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.

Islet Management: assets under management

The assets under management (AUM) of Islet Management, LP is $478.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 97% since the beginning of its operation, and $463.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $478.14 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $95.63 million each.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 47% of the firm’s portfolio. Investments in derivatives form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Islet 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.

What kind of clients Islet Management serves?

The only and largest group of clients of Islet Management is pooled investment vehicles with 3 clients and $246.87 million of assets under management. Among the 11 most similar advisory firms, Islet Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $246.87 million for 3 clients. 80% of the firm’s clients are foreign persons or businesses.

Islet Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Islet Management, LP

The company employs 8 people that are either part- or full-time employees. 63 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
James Michael Cappiello	Director of research	1 Jul 2017	Other	4829451
Joseph Aron Samuels	Cio	1 Jul 2017	50% - 75%	2988623
Rufus Putnam Coes	Cco/coo	1 Jul 2017	Other	2531293
Llc Islet Gp	General partner	1 Sep 2017	75% - 100%	82-2983864
Llc Islet Management Gp	General partner	1 Sep 2017	Other	xxx-xx-xxxx
James Michael Cappiello	Director of research/limited partner	1 Dec 2017	Other	4829451
Joseph Aron Samuels	Ceo/limited partner	1 Dec 2017	50% - 75%	2988623
Rufus Putnam Coes	Cco/coo/limited partner	1 Dec 2017	Other	2531293
Desai H. Pranav	Cfo/cco	1 Jul 2019	Other	7161632

Based in New York

The principal office where Islet Management, LP performs its advisory services is located at 590 Madison Avenue, 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 646-762-8562. The normal business hours are 9am-5pm on Monday - Friday.