Hound Partners, LLC (New York)

Hound Partners, LLC is a large advisory firm based in New York. It manages $4.29 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New York.

Hound Partners 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.

Hound Partners: assets under management

The assets under management (AUM) of Hound Partners, LLC is $4.29 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 687% since the beginning of its operation, and $4.13 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4.29 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $428.76 million each.

Hound Partners has custody of $4.13 billion in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hound Partners, LLC 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 Hound Partners serves?

The only and largest group of clients of Hound Partners is pooled investment vehicles with 10 clients and $4.29 billion of assets under management. Among the 10 most similar advisory firms, Hound Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.29 billion for 10 clients. 60% of the firm’s clients are foreign persons or businesses.

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

Careers at Hound Partners, LLC

The company employs 21 people that are either part- or full-time employees. 67 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
Jonathan A G Auerbach	Managing member	1 Oct 2004	75% - 100%	2382480
Stirling Levy	Chief operating officer	1 Mar 2006	Other	3244951
Matthew Heath Gilman	Chief financial officer	1 Aug 2009	Other	2980578
Matthew Gilman	Chief financial officer and chief compliance officer	1 Aug 2009	Other	2657604
Courtney E.K. Lewis	Chief compliance officer & general counsel	1 Mar 2015	Other	6465553
Jonathan Louis Salinas	Chief operating officer	1 Jul 2016	Other	4197652
Douglas Edward Marks	Chief financial officer	1 May 2017	Other	5306823
Lp Hound Partners Management	Managing member	1 Jul 2017	75% - 100%	82-2209018

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Hound Partners Management Gp	General partner	1 Jul 2017	Other	82-2198310
Jonathan A G Auerbach	Managing member	1 Jul 2017	75% - 100%	2382480

Based in New York

The principal office where Hound Partners, LLC performs its advisory services is located at 101 Park Avenue, New York, NY 10178, 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 212-884-5922. The normal business hours are 9 am - 5 pm on Monday - Friday.