Ascend Capital Limited Partnership is a large advisory firm based in Orinda. It manages $2.22 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of California.
Ascend Capital Limited Partnership 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 Ascend Capital Limited Partnership is $2.22 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -10% since the beginning of its operation, and $1.09 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ascend Capital Limited Partnership 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.
The firm provides services to pooled investment vehicles and banking or thrift institutions. The largest group of clients of Ascend Capital Limited Partnership is pooled investment vehicles with 9 clients and $2.19 billion of assets under management. Among the 8 most similar advisory firms, Ascend Capital Limited Partnership has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $2.22 billion for 10 clients. 70% of the firm’s clients are foreign persons or businesses.
Ascend Capital Limited Partnership also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.
The principal office where Ascend Capital Limited Partnership performs its advisory services is located at 4 Orinda Way, Orinda, CA 94563, which is also the mailing address of the firm. An additional office of the firm is in San Francisco, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number (415) 217-8300 or by fax (415) 217-7699. The normal business hours are 6 a.m. to 4 p.m. on Monday - Friday. You can find more information about the New York firm at ascendcapital.com.