Deep Basin Capital LP (Stamford)

Deep Basin Capital LP is a large advisory firm based in Stamford. It manages $1.51 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Connecticut.

Deep Basin Capital provides portfolio management for investment companies, 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.

Deep Basin Capital: assets under management

The assets under management (AUM) of Deep Basin Capital LP is $1.51 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 685% since the beginning of its operation, and $1.2 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.51 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $215.61 million each.

Deep Basin Capital has custody of $633.54 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 50% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Deep Basin Capital 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 Deep Basin Capital serves?

The firm provides services to investment companies, pooled investment vehicles, and pension and profit sharing plans. The largest group of clients of Deep Basin Capital is pooled investment vehicles with 5 clients and $1.35 billion of assets under management. Among the 10 most similar advisory firms, Deep Basin Capital has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.51 billion for 7 clients. 43% of the firm’s clients are foreign persons or businesses.

Deep Basin Capital also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Deep Basin Capital LP

The company employs 12 people that are either part- or full-time employees. 75 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Deep Basin Llc	General partner	1 Feb 2017	Other	81-5146469
Llc Iaos	Limited partner	1 Feb 2017	Other	82-0607167
Matthew Smith	Chief executive officer & chief investment officer	1 Feb 2017	75% - 100%	5817158
Matthew Jared Smith	Chief executive officer, chief investment officer & limited partner	1 Feb 2017	50% - 75%	5817158
Harry Jean Hjardemaal	Chief compliance officer & chief operating officer	1 Mar 2017	Other	4990478
Christian George Hildenbrand	Chief operating officer, general counsel and chief compliance officer	1 May 2018	Other	6028205
Ian Matthew Singer	Limited partner	1 Aug 2018	Other	7091014
Kobi Taylor Platt	Limited partner	1 Jan 2019	Other	7091033
David Graham Melanson	Limited partner	1 Jan 2019	Other	4785697

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.L.C. O'shaughnessy Family Partners	Member	1 May 2007	75% - 100%	26-1640010
James Patrick O'shaughnessy	Member	1 May 2007	50% - 75%	1890402
L.L.C. O'shaughnessy Asset Management	Member	1 Feb 2017	25% - 50%	20-8958799
L.L.C. O'shaughnessy Family Partners	Member	1 Feb 2017	75% - 100%	26-1640010

Based in Stamford

The principal office where Deep Basin Capital LP performs its advisory services is located at 6 Suburban Avenue, Stamford, CT 06901, 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 (917) 819-1324 or by fax (203) 547-6626. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.