Owl Creek Asset Management, L.P

CRD#139371
Investment Advisor Firm

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Learn more about Owl Creek Asset Management, L.P

  • Overview
  • By the Numbers
  • Fee Structure
  • Types of Clients
  • Disclosures
  • Office Locations

    • Overview

    Owl Creek Asset Management, L.P is a financial advisory firm headquartered in New York, New York. The firm has $3.4 billion in assets under management throughout 17 customer accounts, placing it among the biggest firms in the nation by assets under management (AUM). It has a small group, including 12 financial advisors. Owl Creek Asset Management, L.P does not act as a registered broker-dealer, meaning the company is not able to buy and sell securities for its own accounts as well as its customers' and instead has to go through a broker-dealer firm to do so. Securities are defined as exchangable financial assets such as options, equities and bonds.

    Owl Creek Asset Management, L.P administers all of the company's accounts in a discretionary manner. Discretionary management is a structure in which an investment advisor makes transaction choices for the client's account without needing client consent. The advisory firm's typical account size is $201.4 million. An average financial advisor at Owl Creek Asset Management, L.P manages around one client account, making it one of the most personalized financial advisor firms in the country.

    The firm's central office is at 640 Fifth Avenue, 20Th Floor, New York, New York 10019-6102.

    Assets Under Management

    $3.4 billion

    Number of Advisors

    12

    Disclosures

    No

    Office Location

    640 Fifth Avenue, 20Th Floor
    New York, NY 10019-6102

    Owl Creek Asset Management, L.P by the Numbers

    Total Assets Under Management

    $3.4 billion

    National Average: $8.6 billion
    Total Number of Employees

    30

    National Average: 64
    Total Number of Accounts

    17

    National Average: 375,227
    Average Account Size

    $201.4 million

    National Average: $23.0 thousand
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    Fee Structure

    Fees charged by financial advisors typically vary depending on which services are offered. Fees charged by the firm can be comprised of some blend of the following fee types: asset-based or performance-based. Owl Creek Asset Management, L.P does not participate in a wrap fee program, in which the firm offers a service bundle for a comprehensive fee.

    Available

    • Offered by 69% of firms

      Percentage of Assets

      Show Explanation

      This fee, which is the most common fee type charged by advisors for portfolio management, is based on the amount of assets you have under management. Also referred to as an asset-based fee, this fee typically ranges from 0.50%-2.00% of AUM annually. You'll typically pay a lower rate the more assets you have under management.

    • Offered by 26% of firms

      Performance-based

      Show Explanation

      Advisors only earn performance-based fees if a portfolio outperforms a defined benchmark. This fee may be calculated in a number of ways but most commonly is charged as a percentage of investment profits. Performance-based fees may incentivize advisors to make riskier decisions in order to generate higher returns.

    Unavailable

    • Find one of the 21% of firms that offer this fee type

      Hourly

      Show Explanation

      Like a lawyer, a financial advisor may charge you by the hour. This can be helpful if you are only looking for short-term or one-time advice. Rates typically range from $100-$300 per hour, depending on the complexity and level of services needed.

    • Find one of the 1% of firms that offer this fee type

      Commissions

      Show Explanation

      Occasionally, advisors earn commissions from selling financial products, such as securities or insurance policies, or making certain referrals or transactions. Advisors who earn commissions may be incentivized to make certain recommendations to clients in order to make a commission. Fee-only advisors do not earn commissions, while fee-based advisors may.

    • Find one of the 0% of firms that offer this fee type

      Subscription

      Show Explanation

      Firms generally charge this fee for educational materials provided, such as a monthly magazine. This can be useful if you want to learn about investing or financial management on your own.

    • Find one of the 32% of firms that offer this fee type

      Fixed

      Show Explanation

      Fixed fees are a one-time, lump sum charged for a specific service, like the creation of a financial plan without subsequent implementation. This can be useful if you only need advice for one specific purpose, rather than a long-term advisor. Fixed fees usually range from $1,000 to $3,000.

    • Find one of the 10% of firms that offer this fee type

      Other

      Show Explanation

      Firms can sometimes charge customers using non-traditional fee structures. See this firm's Form ADV for more details.

    Back to Overview

    Types of Clients

    The firm provides services to pooled investment vehicles. Out of its 17 customers, Owl Creek Asset Management, L.P's biggest client by number of accounts is pooled investment vehicles. Around 56% of its accounts are non-U.S. persons.

    • High-Net-Worth Individuals* - 0%
    • Other Individuals - 0%
    • Corporations - 100%
    • Charitable Organizations - 0%

    * The U.S. Securities and Exchange Commission (SEC) defines a high-net-worth individual as someone who has at least $750,000 under management.

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    Disclosures

    Owl Creek Asset Management, L.P does not have any disclosures.

    Please visit its Form ADV for more details.

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