Magnitude Capital, LLC (New York)

Name: Magnitude Capital, LLC
Address: 200 Park Avenue, New York, NY, 10166
Telephone: 212-915-3900

Magnitude Capital, LLC is a large advisory firm based in New York. It manages $5.08 billion of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2005.

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

Magnitude Capital: assets under management

The assets under management (AUM) of Magnitude Capital, LLC is $5.08 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2063% since the beginning of its operation, and $4.91 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $5.08 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $241.76 million each.

Magnitude Capital has custody of $5.02 billion in cash and securities for 20 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Magnitude Capital, 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 Magnitude Capital serves?

The only and largest group of clients of Magnitude Capital is pooled investment vehicles with 21 clients and $5.08 billion of assets under management. Among the 8 most similar advisory firms, Magnitude Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.08 billion for 21 clients. 71% of the firm’s clients are foreign persons or businesses.

Magnitude Capital also advises several private funds. Namely, nineteen hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Magnitude Capital, LLC

The company employs 46 people that are either part- or full-time employees. 28 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Benjamin Sheridan Appen	Chief executive officer, president, member	1 Aug 2003	25% - 50%	2303365
James M Hall	Member	1 Aug 2003	25% - 50%	5071226
Raymond Albert Waterhouse	Director of operations, chief compliance officer	1 May 2004	Other	1507136
Stephen Robert Nelson	General counsel, member	1 Apr 2007	Other	4413052
Christopher English	Member	1 Jan 2008	Other	2654065
Henry Hawes Bostic	Member	1 Jan 2011	Other	3091592
Eric Dutton Stiles	Member	1 Jan 2011	Other	4400276
Graeme Edward Daykin	Member	1 Jan 2013	Other	4868179
Charles Millege Morgan	General counsel, member	1 Apr 2015	Other	6516867
Richard Osborne Lodewick	Member	1 Jan 2016	Other	1868976
Andrew Howard Messinger	Chief compliance officer	1 Jan 2016	Other	6599686
Graeme Edward Daykin	President, member	1 Jan 2016	Other	4868179
Graeme Edward Daykin	President, member	1 Jan 2017	Other	4868179
Elisheva Bella Yuan	Chief administrative officer, member	1 Jan 2019	Other	4815176
Biral Atul Patel	Chief financial officer, managing director	1 Jan 2019	Other	4698064

Based in New York

The principal office where Magnitude Capital, LLC performs its advisory services is located at 200 Park Avenue, New York, NY 10166, 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 212-915-3900 or by fax 212-915-3901. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at magnitudecapital.com.