Black And White Capital LP (Century City)

Black And White Capital LP is a large advisory firm based in Century City. It manages $881.91 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of California.

Black And White Capital 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.

Black And White Capital: assets under management

The assets under management (AUM) of Black And White Capital LP is $881.91 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 145% since the beginning of its operation, and $872.8 million of the total AUM is attributable to clients outside of the United States.

The firm manages $881.91 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $293.97 million each.

Black And White Capital has custody of $881.91 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Black And White 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 Black And White Capital serves?

The only and largest group of clients of Black And White Capital is pooled investment vehicles with 3 clients and $881.91 million of assets under management. Among the 6 most similar advisory firms, Black And White Capital has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $881.91 million for 3 clients. 67% of the firm’s clients are foreign persons or businesses.

Black And White Capital 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 Black And White Capital LP

The company employs 9 people that are either part- or full-time employees. 56 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
Seth Adam Wunder	Managing member, principal	1 Jul 2016	50% - 75%	2904212
Black And White Gp Llc	General partner	1 Jul 2016	Other	32-0503646
B&P Advisors Inc	Limited partner	1 Jul 2016	25% - 50%	45-3629374
Saw I Llc	Limited partner	1 Jul 2016	50% - 75%	xxx-xx-xxxx
Steve Nmn Tarrab	Chief financial officer and chief compliance officer	1 Aug 2016	Other	6000518
Steve Tarrab	Chief financial officer and chief compliance officer	1 Aug 2016	Other	6000518

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Patrik Persson Brummer	Shareholder	1 Sep 2010	75% - 100%	2208983
Ppb Holdings Ab	Shareholder	1 May 2011	25% - 50%	foreign entity
B&P Intressenter 2 Ab	Shareholder	1 Oct 2011	75% - 100%	foreign entity
Brummer & Partners Ab	Shareholder	1 Oct 2011	75% - 100%	foreign entity

Based in Century City

The principal office where Black And White Capital LP performs its advisory services is located at 1999 Avenue Of The Stars, Century City, CA 90067, 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 310-254-1304. The normal business hours are 9:00am - 5:00pm on Monday - Friday.