Axar Capital Management Lp
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Overview
Axar Capital Management Lp is an advisory firm based in New York, New York. Axar Capital Management Lp handles $2.3 billion in assets under management across 20 accounts, placing it among the biggest firms in the United States by assets under management (AUM). The firm has a small group, including 6 financial advisors. Axar Capital Management Lp is not a registered broker-dealer, signifying that the company is not able to buy and sell securities for its clients' and own accounts and instead must go through a broker-dealer company to do so. Securities are exchangable financial investments like bonds, options and stocks.
Axar Capital Management Lp manages all of the company's accounts on a discretionary basis. Discretionary management signifies that a portfolio manager makes buy and sell choices for the client's account without needing to seek the client's permission. The investment advisory firm's average account size is $115.1 million. The average advisor at Axar Capital Management Lp administers about three client accounts, placing it among the most individualized advisor firms in the country.
Axar Capital Management Lp's main office is at 402 W 13Th Street, New York, New York 10014. It is legally registered to provide services to customers in the state of New York.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Axar Capital Management Lp by the Numbers
$2.3 billion
10
20
$115.1 million
Fee Structure
Fees charged by financial advisors depend on the type of services provided. Fees billed by Axar Capital Management Lp likely are comprised of the following fee structures: asset-based, fixed or performance-based. The company does not participate in a wrap fee program, in which the company offers a service bundle for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 32% of firms
Fixed
Unavailable
Types of Clients
The company provides services to pooled investment vehicles, insurance companies and other. Out of its 20 accounts, Axar Capital Management Lp's biggest client group is pooled investment vehicles. Just 10% of the company's accounts are represented by people from outside of the U.S.
- 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
Axar Capital Management Lp does not have any disclosures.
Please visit its Form ADV for more details.
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The content in this profile was updated by SmartAsset on 4/16/2023. All advisor details come from publicly available data, and we cannot guarantee the accuracy of the content. We are unable to make individual profile updates. If you want your profile removed temporarily or permanently, please contact profile-compliance@smartasset.com.
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