Socratic Fund Management, LP (Steamboat Springs)

Name: Socratic Fund Management, LP
Address: 1865 Ski Time Square Ds2 C, Steamboat Springs, CO, 80487
Telephone: (970) 509-1201

Socratic Fund Management, LP is an adviser based in Steamboat Springs. It manages $42.5 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Colorado.

Socratic Fund Management provides portfolio management for individuals and small businesses, 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.

Socratic Fund Management: assets under management

The assets under management (AUM) of Socratic Fund Management, LP is $42.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -76% since the beginning of its operation, and $2.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $42.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.5 million each.

Socratic Fund Management has custody of $12.98 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 57% of the total AUM. The second-largest asset type is exchange traded securities, which make up 43% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Socratic Fund 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 Socratic Fund Management serves?

The firm provides services to charitable organizations, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Socratic Fund Management is corporations or other businesses with 1 clients and $16.59 million of assets under management. Among the 1 most similar advisory firms, Socratic Fund Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $42.5 million for 5 clients. 5% of the firm’s clients are foreign persons or businesses.

Socratic Fund 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 Socratic Fund Management, LP

The company employs 3 people that are either part- or full-time employees. 67 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative 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
Jonathan W. Gibson & Mona M. Gibson 2001 Trust	Limited partner	1 Feb 2001	Other	22-6869612
Socratic Advisors Llc	General partner	1 Feb 2001	Other	22-3558573
Jmg Family Llc	Limited partner	1 Nov 2006	50% - 75%	20-4027017
Grr Capital Llc	Limited partner	1 Jan 2009	Other	xxx-xx-xxxx
Litlo Consulting Llc	Limited partner	1 Jan 2010	Other	20-4383921
Todd Douglas Littler	Cfo, cco	1 Jan 2012	Other	6026655

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan William Gibson	Managing member	1 Feb 1998	75% - 100%	2281853
Daniel Mccormick Hurley	Trustee	1 Feb 2001	25% - 50%	2316537
Todd Douglas Littler	Managing member	1 Sep 2005	Other	6026655
Gregory Robert Ryan	Analyst	1 Mar 2006	Other	4562859
Jonathan William Gibson	Managing member	1 Nov 2006	75% - 100%	2281853

Based in Steamboat Springs

The principal office where Socratic Fund Management, LP performs its advisory services is located at 1865 Ski Time Square Ds2 C, Steamboat Springs, CO 80487 The mailing address of the firm is P.O. Box 774368, Steamboat Springs, CO 80477. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (970) 509-1201 or by fax (970) 509-1206. The normal business hours are 8:30 am to 5:00pm on Monday - Friday. You can find more information about the New York firm at socraticfunds.com/.