Canaras Capital Management, LLC is a large advisory firm based in New York. It manages $1.43 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2007.
Canaras Capital Management provides portfolio management for pooled investment vehicles and portfolio management for private investment funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Canaras Capital Management, LLC is $1.43 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 334% since the beginning of its operation, and $1.43 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Canaras Capital Management, LLC 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.
The only and largest group of clients of Canaras Capital Management is pooled investment vehicles with 4 clients and $1.43 billion of assets under management. Among the 8 most similar advisory firms, Canaras Capital Management has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.43 billion for 4 clients. 100% of the firm’s clients are foreign persons or businesses.
Canaras Capital Management also advises several private funds. Namely, four securitized asset funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 18 people that are either part- or full-time employees. 78 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
The principal office where Canaras Capital Management, LLC performs its advisory services is located at 130 West 42 Nd Street, New York, NY 10036 7907, 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 212-372-7444 or by fax 212-372-7449. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at canaras.com.