Spider Management Company, LLC is a large advisory firm based in Richmond. It manages $4.8 billion of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Virginia.
Spider Management Company provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. 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 Spider Management Company, LLC is $4.8 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 120% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Spider Management Company, 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 Srinivas Bhaskar Pulavarti is pooled investment vehicles with 2 clients and $2.3 billion of assets under management. Among the 11 most similar advisory firms, Spider Management Company has the 6th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $2.3 billion for 2 clients. None of the firm’s clients are foreign persons or businesses.
Spider Management Company also advises several private funds. Namely, one hedge fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
The company employs 20 people that are either part- or full-time employees. 50 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.
Srinivas Bhaskar Pulavarti has been acting as President since 1 Jul 2005. Jonathan Hunter Moore joined the executive team most recently as the Chief Compliance Officer / Chief Administrative Officer.
The principal office where Spider Management Company, LLC performs its advisory services is located at 6802 Paragon Place, Richmond, VA 23230, 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 804-289-6010 or by fax 804-289-6011. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at smc.richmond.edu/.