Tamarack Advisers, LP (Carlsbad)

Tamarack Advisers, LP is a large advisory firm based in Carlsbad. It manages $371.28 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of California, Colorado, and Texas.

Tamarack Advisers provides portfolio management for individuals and small businesses and 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.

Tamarack Advisers: assets under management

The assets under management (AUM) of Tamarack Advisers, LP is $371.28 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -24% since the beginning of its operation, and $84.78 million of the total AUM is attributable to clients outside of the United States.

The firm manages $371.28 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $92.82 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tamarack Advisers, 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 Tamarack Advisers serves?

The only and largest group of clients of Tamarack Advisers is pooled investment vehicles with 4 clients and $371.28 million of assets under management. Among the 8 most similar advisory firms, Tamarack Advisers has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $371.28 million for 4 clients. 25% of the firm’s clients are foreign persons or businesses.

Tamarack Advisers also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Tamarack Advisers, LP

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. Only one employee is registered as an investment adviser representative with the state securities authorities.

There are 2 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew Hancock Fesler	Chief compliance officer	1 Sep 2010	Other	5316234
Llc Tamarack Capital Gp	General partner	1 Jun 2015	75% - 100%	47-4492240
Justin John Ferayorni	Limited partner	1 Jun 2015	Other	2971495
Andrew Hancock Fesler	Chief compliance officer	1 Jun 2015	Other	5316234

Based in Carlsbad

The principal office where Tamarack Advisers, LP performs its advisory services is located at 5050 Avenida Encinas,, Carlsbad, CA 92008, which is also the mailing address of the firm. An additional office of the firm is in Vail, CO. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (760) 429-7254. The normal business hours are 8:00 a.m. - 4:00 p.m. on Monday - Friday.