Gruss Capital Management LP (New York)

Name: Gruss Capital Management LP
Address: 9 Hallock Place, New York, NY, 10504
Telephone: 212-688-1500

Gruss Capital Management LP is an adviser based in New York. It manages $44.2 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Gruss 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.

Gruss Capital Management: assets under management

The assets under management (AUM) of Gruss Capital Management LP is $44.2 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -98% since the beginning of its operation, and $44.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $44.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.84 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gruss Capital 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 Gruss Capital Management serves?

The only and largest group of clients of Gruss Capital Management is pooled investment vehicles with 5 clients and $44.2 million of assets under management. Among the 0 most similar advisory firms, Gruss Capital Management has the 0th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $44.2 million for 5 clients. 60% of the firm’s clients are foreign persons or businesses.

Gruss Capital Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.

Careers at Gruss Capital Management LP

The company employs 5 people that are either part- or full-time employees. 20 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
Howard Roy Guberman	Limited partner / chief operating officer	1 Oct 1999	Other	1655040
Sean Thomas Dany	Limited partner / chief investment officer	1 Jan 2000	Other	2543189
Michael Terence Cassidy	Chief financial officer	1 Jul 2007	Other	5773164
Michael Joseph Monticciolo	Chief compliance officer / general counsel	1 Nov 2007	Other	5459108
Gruss Capital Management Lp	Sole shareholder (gruss capital management limited)	1 Jul 2008	75% - 100%	13-4094021
Llc Gruss Management	General partner	1 Dec 2010	Other	27-3847639
Llc Gruss Management	Managing member (gruss capital management llp)	1 Mar 2013	Other	27-3847639
Llc Gcm Ldn	Member (gruss capital management llp)	1 Mar 2013	75% - 100%	46-1431778
Gruss Capital Holdings Lp	Limited partner (gruss capital management lp)	1 Mar 2013	75% - 100%	30-0702729
Lp Gruss Capital Holdings	Limited partner (gruss capital management lp)	1 Mar 2013	75% - 100%	30-0702729
Michael John Juliano	General counsel / chief compliance officer	1 Mar 2014	Other	6309114

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Sean Thomas Dany	Member	1 Mar 2013	75% - 100%	2543189
Gruss Capital Management Lp	Managing member	1 Mar 2013	75% - 100%	30-0702729

Based in New York

The principal office where Gruss Capital Management LP performs its advisory services is located at 9 Hallock Place, New York, NY 10504, 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 212-688-1500. The normal business hours are 7am to 7pm on Monday - Friday. You can find more information about the New York firm at grusscap.com.