Shannon River Fund Management, LLC
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Learn more about Shannon River Fund Management, LLC
Overview
Shannon River Fund Management, LLC is a financial advisor firm located in New York, New York. Shannon River Fund Management, LLC has $643.0 million in assets over six accounts, making it one of the bigger firms in the country by assets under management (AUM). It has a small group, including 7 financial advisors. Shannon River Fund Management, LLC is not a registered broker-dealer, signifying that it is not able to buy and sell securities for its own accounts as well as its customers' and instead is required to go through a broker-dealer company to do so. Securities are defined as tradable financial investments like stocks, bonds and options.
Shannon River Fund Management, LLC oversees all of the firm's client assets on a discretionary basis. Discretionary management is a structure in which a portfolio manager has the discretion to make buy and sell choices for the client's account without requiring client authorization. The company oversees about $107.2 million in assets for each client account. The typical advisor at Shannon River Fund Management, LLC manages fewer than one client account, making it one of the most personalized advisor firms in the country.
The company's headquarters is located at 850 Third Avenue, 13Th Floor, New York, New York 10022.
Assets Under Management
Number of Advisors
Disclosures
Office Location
Shannon River Fund Management, LLC by the Numbers
$643.0 million
11
6
$107.2 million
Fee Structure
Financial management fees usually depend on which service is provided. Fees charged by the firm may include the following fee types: asset-based, performance-based or other. The firm does not provide a wrap fee program, in which the firm offers a bundle of services for a comprehensive fee.
Available
-
Offered by 69% of firms
Percentage of Assets
-
Offered by 26% of firms
Performance-based
-
Offered by 10% of firms
Other
Unavailable
Types of Clients
It caters to pooled investment vehicles. Out of its six customers, Shannon River Fund Management, LLC's largest client is pooled investment vehicles. Around 67% of its clients 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
Shannon River Fund Management, LLC does not have any disclosures.
Please visit its Form ADV for more details.
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