Gladius Capital Management LP (Chicago)


Gladius Capital Management LP is a large advisory firm based in Chicago. It manages $3.4 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdictions of Connecticut, Illinois, and Utah.

Gladius Capital Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gladius Capital Management: assets under management

The assets under management (AUM) of Gladius Capital Management LP is $3.4 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 6602% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.4 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $485.89 million each.
Gladius Capital Management has custody of $2.64 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 85% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 7% of the firm’s portfolio. Investments in government bonds form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gladius Capital Management LP for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Gladius Capital Management serves?

The only and largest group of clients of Gladius Capital Management is pooled investment vehicles with 6 clients and $2.86 billion of assets under management. Among the 9 most similar advisory firms, Gladius Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.86 billion for 6 clients. None of the firm’s clients are foreign persons or businesses.

Gladius Capital Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Gladius Capital Management LP

The company employs 17 people that are either part- or full-time employees. 47 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.

Jeremy Adam Spoon joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Pavandeep Singh Sethi Chief executive officer/chief investment officer & limited partner 1 Sep 2008 75% - 100% 4292091
Gladius Investment Group Llc General partner 1 Sep 2008 Other 27-1264510
Jennifer Marie Hoffman Chief compliance officer/executive counsel 1 Sep 2008 Other 5450165
Hamid Zanganeh Chief operating officer 1 Apr 2009 Other 5732386
Reagan Scott Ammann Chief risk officer & limited partner 1 Jul 2009 Other 4255373
Colleen Healy Farrell Chief financial officer 1 Jan 2012 Other 6180443
Eric S. Magac Chief operating officer 1 Jan 2012 Other 4327726
Eric Simon Magac Chief operating officer / chief compliance officer 1 Jan 2012 Other 4327726
Alex Charles Levine General counsel & chief compliance officer 1 Nov 2013 Other 6294818
Alex Charles Levine General counsel and chief compliance officer 1 Jan 2014 Other 6294818
Jeremy Adam Spoon Chief compliance officer 1 May 2015 Other 5854864

Based in Chicago

The principal office where Gladius Capital Management LP performs its advisory services is located at 233 South Wacker Drive, Chicago, IL 60606 7147, which is also the mailing address of the firm. An additional office of the firm is in Park City, UT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-348-5900 or by fax 312-348-5850. The normal business hours are 8 a.m. to 6 p.m. on Monday - Friday. You can find more information about the New York firm at gladiusgroup.com and its LinkedIn profile.