Stellex Capital Management LP (New York)

Name: Stellex Capital Management LP
Address: 900 Third Avenue, New York, NY, 10022
Telephone: 212-710-2323

Stellex Capital Management LP is a large advisory firm based in New York. It manages $1.06 billion of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

Stellex 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.

Stellex Capital Management: assets under management

The assets under management (AUM) of Stellex Capital Management LP is $1.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1148% since the beginning of its operation, and $40 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $353.6 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Stellex Capital Management LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Stellex Capital Management serves?

The only and largest group of clients of Stellex Capital Management is pooled investment vehicles with 3 clients and $1.06 billion of assets under management. Among the 7 most similar advisory firms, Stellex Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.06 billion for 3 clients. 33% of the firm’s clients are foreign persons or businesses.

Stellex Capital Management also advises several private funds. Namely, two private equity funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Stellex Capital Management LP

The company employs 12 people that are either part- or full-time employees. 25 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
Stellex Capital Management Llc	General partner	1 Jan 2014	75% - 100%	46-4487487
Joseph Anthony Braddock	Chief financial officer and cco	1 Mar 2014	Other	3222656
Michael David Stewart	Managing partner	1 Mar 2014	25% - 50%	2889745
Raymond Alston Whiteman	Managing partner	1 Mar 2014	50% - 75%	6437006
Stellex Management Lp	Relying adviser	1 Jun 2015	Other	47-1768163
Tracy Michele Sigal	General counsel and director of compliance	1 Apr 2016	Other	5935733

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Raymond Alston Whiteman	Managing member	1 Jan 2014	50% - 75%	6437006
Michael David Stewart	Managing member	1 Jan 2014	25% - 50%	2889745

Based in New York

The principal office where Stellex Capital Management LP performs its advisory services is located at 900 Third 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 212-710-2323 or by fax 646-663-7959. The normal business hours are 9:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at stellexcapital.com.