Honeycomb Asset Management LP (New York)

Honeycomb Asset Management LP is a large advisory firm based in New York. It manages $986.66 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Honeycomb Asset Management 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.

Honeycomb Asset Management: assets under management

The assets under management (AUM) of Honeycomb Asset Management LP is $986.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 327% since the beginning of its operation, and $744.22 million of the total AUM is attributable to clients outside of the United States.

The firm manages $986.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $164.44 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Honeycomb Asset Management LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Honeycomb Asset Management serves?

The only and largest group of clients of Honeycomb Asset Management is pooled investment vehicles with 6 clients and $986.66 million of assets under management. Among the 7 most similar advisory firms, Honeycomb Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $986.66 million for 6 clients. 67% of the firm’s clients are foreign persons or businesses.

Honeycomb Asset Management also advises several private funds. Namely, one hedge fund and two private equity funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $5,000,000.

Careers at Honeycomb Asset Management LP

The company employs 13 people that are either part- or full-time employees. 54 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Jonathan Fiszel	Chief investment officer, founder & limited partner	1 Feb 2016	75% - 100%	2966824
Vickramajit Singh Sandhu	Chief operating officer, general counsel & chief compliance officer	1 Feb 2016	Other	6248792
Honeycomb Asset Management Gp Llc	General partner (of honeycomb asset management lp)	1 Feb 2016	Other	47-5260788
Joshua David Resnick	Head trader, head of risk management & limited partner (of honeycomb asset management lp)	1 Feb 2016	Other	6627702
Chi Keung Chan	Chief financial officer	1 Sep 2018	Other	6558661

Based in New York

The principal office where Honeycomb Asset Management LP performs its advisory services is located at 645 Madison Avenue, New York, NY 10022, 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 646-883-1105. The normal business hours are 8am - 5pm on Monday - Friday.