Margate Capital Management, LP (New York)

Name: Margate Capital Management, LP
Address: 599 Lexington Avenue, New York, NY, 10022
Telephone: (646) 562-1010

Margate Capital Management, LP is a large advisory firm based in New York. It manages $116.98 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2016.

Margate 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.

Margate Capital Management: assets under management

The assets under management (AUM) of Margate Capital Management, LP is $116.98 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 297% since the beginning of its operation, and $66.05 million of the total AUM is attributable to clients outside of the United States.

The firm manages $116.98 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $38.99 million each.

Margate Capital Management has custody of $116.98 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

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

The only and largest group of clients of Margate Capital Management is pooled investment vehicles with 3 clients and $116.98 million of assets under management. Among the 7 most similar advisory firms, Margate Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $116.98 million for 3 clients. 67% of the firm’s clients are foreign persons or businesses.

Margate Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Margate Capital Management, LP

The company employs 4 people that are either part- or full-time employees. No 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
Margate Gp Llc	General partner	1 Apr 2016	Other	pending
Ramius Llc	Limited partner	1 Apr 2016	25% - 50%	151953
Andrea J.S. Sayago	Chief compliance officer	1 Apr 2016	Other	6042456
Samantha J Greenberg	Chief investment officer / limited partner	1 Apr 2016	50% - 75%	3106000
Cowen Investment Management Llc	Limited partner	1 Apr 2016	25% - 50%	151953
Samantha Joy Greenberg	Chief investment officer / limited partner	1 Apr 2016	Other	3106000

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Cowen Group	Member	1 Nov 2009	75% - 100%	27-0423711
Cowen Inc.	Member	1 Nov 2009	75% - 100%	27-0423711

Based in New York

The principal office where Margate Capital Management, LP performs its advisory services is located at 599 Lexington 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) 562-1010. The normal business hours are 9am to 6pm on Monday - Friday. You can find more information about the New York firm at margatecapital.com.