Mountaineer Partners Management, LLC (New York)

Mountaineer Partners Management, LLC is a large advisory firm based in New York. It manages $225.57 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Mountaineer Partners Management 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.

Mountaineer Partners Management: assets under management

The assets under management (AUM) of Mountaineer Partners Management, LLC is $225.57 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 2052% since the beginning of its operation, and $121.13 million of the total AUM is attributable to clients outside of the United States.

The firm manages $225.57 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $45.11 million each.

Mountaineer Partners Management has custody of $121.13 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 66% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 33% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mountaineer Partners Management, LLC 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 Mountaineer Partners Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Mountaineer Partners Management is pooled investment vehicles with 3 clients and $121.13 million of assets under management. Among the 9 most similar advisory firms, Mountaineer Partners Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $169.08 million for 4 clients. 40% of the firm’s clients are foreign persons or businesses.

Mountaineer Partners Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Mountaineer Partners Management, LLC

The company employs 5 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Mark M Lee	Managing member	1 May 2011	50% - 75%	2523863
John P. Hallowell	Member	1 May 2011	Other	4557551
Benjamin Alexander Borton	Principal	1 Jan 2012	Other	5551288
Marc David Simon	Chief financial officer/chief compliance officer	1 Mar 2012	Other	2776972
Gregory Stephen Williams	Member	1 Mar 2017	Other	5171383

Based in New York

The principal office where Mountaineer Partners Management, LLC performs its advisory services is located at 150 East 58 Th Street, New York, NY 10155, 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 646-459-7063 or by fax 646-459-7058. The normal business hours are 8 am to 5pm eastern standard time on Monday - Friday.