Tourbillon Capital Partners LP (New York)

Name: Tourbillon Capital Partners LP
Address: 888 Seventh Avenue, New York, NY, 10019
Telephone: 212-554-2500

Tourbillon Capital Partners LP is a large advisory firm based in New York. It manages $2.58 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Tourbillon 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.

Tourbillon Capital Partners: assets under management

The assets under management (AUM) of Tourbillon Capital Partners LP is $2.58 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 131% since the beginning of its operation, and $2.58 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.58 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $515.05 million each.

Tourbillon Capital Partners has custody of $2.58 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tourbillon Capital Partners LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Tourbillon Capital Partners serves?

The only and largest group of clients of Tourbillon Capital Partners is pooled investment vehicles with 5 clients and $2.58 billion of assets under management. Among the 7 most similar advisory firms, Tourbillon Capital Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.58 billion for 5 clients. 60% of the firm’s clients are foreign persons or businesses.

Tourbillon Capital Partners also advises several private funds. Namely, three hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $100,000 to $10,000,000.

Careers at Tourbillon Capital Partners LP

The company employs 21 people that are either part- or full-time employees. 71 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.

Ross Everett Berman joined the executive team most recently as the President & Chief Strategy Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jason Haber Karp	Chief executive officer	1 Jul 2012	75% - 100%	2913460
Llc Tourbillon Capital Gp	General partner	1 Jul 2012	Other	46-1419782
Amy Lynn Zipper	Chief operating officer	1 Sep 2012	Other	5890535
Brian Andrew Kessler	Chief financial officer & chief compliance officer	1 Oct 2012	Other	2149169
Naama Rosen	Chief compliance officer	1 Jul 2015	Other	6521226
Sunjay V Mishra	Co-cio	1 Jan 2018	Other	4225621
Ross Everett Berman	President & chief strategy officer	1 Jun 2018	Other	5074003

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Jason Haber Karp	Managing member	1 Jun 2012	75% - 100%	2913460

Based in New York

The principal office where Tourbillon Capital Partners LP performs its advisory services is located at 888 Seventh Avenue, New York, NY 10019, 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 212-554-2500 or by fax 212-554-2502. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at tourbilloncap.com.