King Street Capital Management, L.P. is a large advisory firm based in New York. It manages $26.06 billion of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of New York and Virginia.
King Street Capital 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.
The assets under management (AUM) of King Street Capital Management, L.P. is $26.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 29% since the beginning of its operation, and $16.56 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay King Street Capital Management, L.P. 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 King Street Capital Management is pooled investment vehicles with 14 clients and $26.06 billion of assets under management. Among the 11 most similar advisory firms, King Street Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $26.06 billion for 14 clients. 79% of the firm’s clients are foreign persons or businesses.
King Street Capital Management also advises several private funds. Namely, six hedge funds and six securitized asset funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $10,000,000.
The company employs 223 people that are either part- or full-time employees. 42 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.
The principal office where King Street Capital Management, L.P. performs its advisory services is located at 299 Park Avenue, New York, NY 10171, which is also the mailing address of the firm. An additional office of the firm is in Charlottesville, VA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-812-3100 or by fax 646-289-7690. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at kingstreet.com.