Pentwater Capital Management LP (Naples)

Name: Pentwater Capital Management LP
Address: 1001 10 Th Avenue South, Naples, FL, 34102
Telephone: 239-384-9750

Pentwater Capital Management LP is a large advisory firm based in Naples. It manages $6.95 billion of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of Florida, Illinois, and Minnesota.

Pentwater Capital 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.

Pentwater Capital Management: assets under management

The assets under management (AUM) of Pentwater Capital Management LP is $6.95 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 346% since the beginning of its operation, and $4.68 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.95 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $347.62 million each.

Pentwater Capital Management has custody of $6.2 billion in cash and securities for 17 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 87% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 9% of the firm’s portfolio. Investments in derivatives form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pentwater Capital 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 Pentwater Capital Management serves?

The only and largest group of clients of Pentwater Capital Management is pooled investment vehicles with 15 clients and $6.66 billion of assets under management. Among the 12 most similar advisory firms, Pentwater Capital Management has the 6th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6.66 billion for 15 clients. 70% of the firm’s clients are foreign persons or businesses.

Pentwater Capital Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Pentwater Capital Management LP

The company employs 33 people that are either part- or full-time employees. 45 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.

Elizabeth A Mccarthy joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matthew Charles Halbower	Chief executive officer	1 Jan 2007	50% - 75%	4135663
David Morris Zirin	Chief operations officer	1 Apr 2007	Other	2813217
Neal Rossall Nenadovic	Chief compliance officer	1 Jul 2007	Other	5901748
Julie Schulz Halbower	Trustee	1 Jul 2007	Other	5994191
Halbower Holdings Inc.	General partner	1 Jul 2007	Other	26-0492031
Susan Lee Halbower	Trustee	1 Jul 2007	Other	5994206
Halbower Legacy Trust	Limited partner	1 Jul 2007	25% - 50%	xxx-xx-xxxx
Elizabeth A Mccarthy	Chief compliance officer	1 Jan 2018	Other	4078406

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Matthew Charles Halbower	Shareholder	1 Jul 2007	75% - 100%	4135663

Based in Naples

The principal office where Pentwater Capital Management LP performs its advisory services is located at 1001 10 Th Avenue South, Naples, FL 34102, which is also the mailing address of the firm. An additional office of the firm is in Evanston, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 239-384-9750 or by fax 239-330-7694. The normal business hours are 8 a.m.-5 p.m. on Monday - Friday. You can find more information about the New York firm at pwcm.com.