Tenex Capital Management, L.P. (New York)

Name: Tenex Capital Management, L.P.
Address: 60 East 42 Nd, New York, NY, 10165
Telephone: 212-457-1138

Tenex Capital Management, L.P. is a large advisory firm based in New York. It manages $1.06 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Tenex Capital Management 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.

Tenex Capital Management: assets under management

The assets under management (AUM) of Tenex Capital Management, L.P. is $1.06 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 134% since the beginning of its operation, and $580.25 thousand of the total AUM is attributable to clients outside of the United States.

The firm manages $1.06 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $211.45 million each.

Tenex Capital Management has custody of $640.49 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tenex Capital Management, L.P. 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 Tenex Capital Management serves?

The only and largest group of clients of Tenex Capital Management is pooled investment vehicles with 5 clients and $1.06 billion of assets under management. Among the 9 most similar advisory firms, Tenex Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.06 billion for 5 clients. 40% of the firm’s clients are foreign persons or businesses.

Tenex Capital Management also advises several private funds. Namely, five private equity funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Tenex Capital Management, L.P.

The company employs 21 people that are either part- or full-time employees. 95 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
Chad J Spooner	Managing director	1 Nov 2009	Other	5919393
Llc Tenex Capital Management Gp	General partner	1 Nov 2009	Other	27-1626989
Michael Green	Ceo and managing director	1 Nov 2009	50% - 75%	5919401
Varun Bedi	Managing director	1 Nov 2009	Other	2631968
John Parker Bretl	Managing director	1 Nov 2009	Other	5902685
Joe J Cottone	Managing director	1 Nov 2009	Other	5919389
Benjamin David Kramer	Cco & cfo	1 Oct 2013	Other	6317030

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Green	Managing member	1 Jul 2009	75% - 100%	5919401

Based in New York

The principal office where Tenex Capital Management, L.P. performs its advisory services is located at 60 East 42 Nd, New York, NY 10165, 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 212-457-1138 or by fax 866-542-0283. The normal business hours are 09:00-18:00 on Monday - Friday. You can find more information about the New York firm at tenexcm.com/.