Empyrean Capital Partners, LP (Los Angeles)
Empyrean Capital Partners, LP is a large advisory firm based in Los Angeles. It manages $5.83 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of California.
Empyrean Capital Partners 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.
Empyrean Capital Partners: assets under management
The assets under management (AUM) of Empyrean Capital Partners, LP is $5.83 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 289% since the beginning of its operation, and $3.93 billion of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Empyrean Capital Partners, 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 Empyrean Capital Partners serves?
The only and largest group of clients of Empyrean Capital Partners is pooled investment vehicles with 8 clients and $5.83 billion of assets under management. Among the 11 most similar advisory firms, Empyrean Capital Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $5.83 billion for 8 clients. 75% of the firm’s clients are foreign persons or businesses.
Empyrean Capital Partners also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.
Careers at Empyrean Capital Partners, LP
The company employs 34 people that are either part- or full-time employees. 56 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.
Amos Meron has served as the Chief Investment Officer since 1 Apr 2004. Tanaz Faghri Dietz joined the executive team most recently as the Chief Compliance Officer.
Direct owners and executive officers
Based in Los Angeles
The principal office where Empyrean Capital Partners, LP performs its advisory services is located at 10250 Constellation Blvd., Los Angeles, CA 90067, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 310-843-3000 or by fax 310-843-3099. The normal business hours are 6:00 am - 3:00 pm on Monday - Friday. You can find more information about the New York firm at empyrean.com.
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