Engine Capital Management, LP (New York)


Engine Capital Management, LP is a large advisory firm based in New York. It manages $211.04 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Engine Capital Management provides portfolio management for pooled investment vehicles and research and consulting services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Engine Capital Management: assets under management

The assets under management (AUM) of Engine Capital Management, LP is $211.04 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -21% since the beginning of its operation, and $33.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $211.04 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $52.76 million each.
Engine Capital Management has custody of $211.04 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Engine Capital Management, LP 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.

What kind of clients Engine Capital Management serves?

The only and largest group of clients of Engine Capital Management is pooled investment vehicles with 4 clients and $211.04 million of assets under management. Among the 8 most similar advisory firms, Engine Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $211.04 million for 4 clients. 25% of the firm’s clients are foreign persons or businesses.

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

Careers at Engine Capital Management, LP

The company employs 4 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Arnaud Ajdler Manager 1 Jul 2018 75% - 100% 6215687
Marc Stephen Diagonale Chief financial officer/chief compliance officer 1 Jul 2018 Other 2373100

Based in New York

The principal office where Engine Capital Management, LP performs its advisory services is located at 1345 Avenue Of The Americas, New York, NY 10105, 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) 392-8863 or by fax (646) 380-1220. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday.