Castleark Alternatives, LLC (Chicago)

Castleark Alternatives, LLC is a large advisory firm based in Chicago. It manages $137.71 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Illinois.

Castleark Alternatives 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.

Castleark Alternatives: assets under management

The assets under management (AUM) of Castleark Alternatives, LLC is $137.71 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -14% since the beginning of its operation, and $787.27 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $137.71 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $27.54 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Castleark Alternatives, LLC 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.

What kind of clients Castleark Alternatives serves?

The only and largest group of clients of Castleark Alternatives is pooled investment vehicles with 5 clients and $137.71 million of assets under management. Among the 8 most similar advisory firms, Castleark Alternatives has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $137.71 million for 5 clients. 50% of the firm’s clients are foreign persons or businesses.

Castleark Alternatives also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Castleark Alternatives, LLC

The company employs 6 people that are either part- or full-time employees. 83 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 compensates 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
Jerome A Castellini	President, managing member	1 Feb 2005	75% - 100%	1333585
Richard J Simek	Cco	1 Sep 2012	Other	4956922

Based in Chicago

The principal office where Castleark Alternatives, LLC performs its advisory services is located at 1 N. Wacker Drive, Chicago, IL 60606, 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 312 456 9682 or by fax 312 456 9690. The normal business hours are 8 am - 5 pm on Monday - Friday.