Bishop Rock Capital, L.P. (New York)

Name: Bishop Rock Capital, L.P.
Address: 900 Third Avenue, New York, NY, 10022 3295
Telephone: 646-491-6020

Bishop Rock Capital, L.P. is a large advisory firm based in New York. It manages $360 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2015.

Bishop Rock Capital provides portfolio management for pooled investment vehicles. It prepares financial plans for less than 10 clients. On top of advisory services, the firm doesn't engage in other business activities.

Bishop Rock Capital: assets under management

The assets under management (AUM) of Bishop Rock Capital, L.P. is $360 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 53% since the beginning of its operation, and $151 million of the total AUM is attributable to clients outside of the United States.

The firm manages $360 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $90 million each.

Bishop Rock Capital has custody of $194.1 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bishop Rock Capital, 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 Bishop Rock Capital serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Bishop Rock Capital is pooled investment vehicles with 2 clients and $280 million of assets under management. Among the 9 most similar advisory firms, Bishop Rock Capital has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $360 million for 4 clients. 50% of the firm’s clients are foreign persons or businesses.

Bishop Rock Capital also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Bishop Rock Capital, L.P.

The company employs 5 people that are either part- or full-time employees. 80 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
Llc Bishop Rock Holdings Gp	General partner	1 Aug 2014	Other	47-1644869
Thomas Nadal Rigo Haug	Managing partner	1 Aug 2014	75% - 100%	4690419
Slavko (Nmn) Negulic	Chief financial officer	1 Jan 2015	Other	4752451
Stephen Leslie Cohen	Chief operating officer and chief compliance officer	1 Apr 2015	Other	4972865
Morton Edward Wendell	Chief financial officer	1 Aug 2015	Other	6617913

Based in New York

The principal office where Bishop Rock Capital, L.P. performs its advisory services is located at 900 Third Avenue, New York, NY 10022 3295, 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 646-491-6020. The normal business hours are 8:30 a.m. - 6 p.m. on Monday - Friday. You can find more information about the New York firm at bishoprockcap.com/.