Cross Shore Capital Management, LLC (Great Neck)

Name: Cross Shore Capital Management, LLC
Address: 111 Great Neck Road, Great Neck, NY, 11021
Telephone: 516-684-4040

Cross Shore Capital Management, LLC is an investment adviser to an investment company based in Great Neck. It manages $278.93 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2006.

Cross Shore Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cross Shore Capital Management: assets under management

The assets under management (AUM) of Cross Shore Capital Management, LLC is $278.93 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 39% since the beginning of its operation, and $42.97 million of the total AUM is attributable to clients outside of the United States.

The firm manages $278.93 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $39.85 million each.

Cross Shore Capital Management has custody of $19.84 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cross Shore Capital Management, LLC 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 Cross Shore Capital Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Cross Shore Capital Management is pooled investment vehicles with 6 clients and $260.56 million of assets under management. Among the 13 most similar advisory firms, Cross Shore Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $278.93 million for 7 clients. 14% of the firm’s clients are foreign persons or businesses.

Cross Shore Capital Management also advises several private funds. Namely, three hedge funds and three private equity funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Cross Shore Capital Management, LLC

The company employs 9 people that are either part- or full-time employees. 56 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 5 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
Victor Stewart Linell	Managing member	1 Nov 2002	25% - 50%	1292330
Neil Kuttner	Managing member	1 Nov 2002	Other	1289152
Benjamin Ralph Bloomstone	Managing member	1 Mar 2003	25% - 50%	1203811
Neil Kuttner	Chief compliance officer - managing member	1 Jan 2006	Other	1289152

Based in Great Neck

The principal office where Cross Shore Capital Management, LLC performs its advisory services is located at 111 Great Neck Road, Great Neck, NY 11021, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 516-684-4040 or by fax 516-684-4041. The normal business hours are 9:00 - 5:00 on Monday - Friday. You can find more information about the New York firm at xshorecap.com.