Whitebox Advisors LLC is a large advisory firm based in Minneapolis. It manages $9.25 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Minnesota, New York, and Texas.
Whitebox Advisors 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.
The assets under management (AUM) of Whitebox Advisors LLC is $9.25 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 565% since the beginning of its operation, and $8.36 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Whitebox Advisors LLC 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 Whitebox Advisors is pooled investment vehicles with 22 clients and $9.25 billion of assets under management. Among the 9 most similar advisory firms, Whitebox Advisors has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $9.25 billion for 22 clients. 55% of the firm’s clients are foreign persons or businesses.
Whitebox Advisors also advises several private funds. Namely, eight hedge funds, three other private funds, and one securitized asset fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $10,000,000.
The company employs 91 people that are either part- or full-time employees. 38 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 3 people 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.
Michael Peter Mccormick joined the executive team most recently as the Chief Operating Officer.
The principal office where Whitebox Advisors LLC performs its advisory services is located at 3033 Excelsior Boulevard, Minneapolis, MN 55416, which is also the mailing address of the firm. An additional office of the firm is in Austin, TX. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 612-253-6001 or by fax 612-253-6100. The normal business hours are 8 a.m - 5 p.m. cst on Monday - Friday. You can find more information about the New York firm at whiteboxadvisors.com.