Axar Capital Management LP is a large advisory firm based in New York. It manages $758.43 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.
Axar 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.
The assets under management (AUM) of Axar Capital Management LP is $758.43 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 150% since the beginning of its operation, and $485.97 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Axar Capital Management LP 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 only and largest group of clients of Timothy C. Parrott is pooled investment vehicles with 6 clients and $627.8 million of assets under management. Among the 10 most similar advisory firms, Axar Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $627.8 million for 6 clients. 22% of the firm’s clients are foreign persons or businesses.
Axar Capital Management also advises several private funds. Namely, one hedge fund and three private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.
The company employs 12 people that are either part- or full-time employees. 50 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.
Timothy C. Parrott has been acting as President since 1 Apr 2015. Lionel Benichou joined the executive team most recently as the Chief Financial Officer.
The principal office where Axar Capital Management LP performs its advisory services is located at 1330 Avenue Of The Americas, New York, NY 10019, 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 212-356-6130 or by fax 212-956-3127. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at axarcapital.com.