Rivulet Capital, LLC (New York)

Name: Rivulet Capital, LLC
Address: 55 West 46 Th Street, New York, NY, 10036
Telephone: 212-756-8700

Rivulet Capital, LLC is a large advisory firm based in New York. It manages $2.66 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2013.

Rivulet Capital provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Rivulet Capital: assets under management

The assets under management (AUM) of Rivulet Capital, LLC is $2.66 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1321% since the beginning of its operation, and $853.28 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.66 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $665.19 million each.

Rivulet Capital has custody of $2.58 billion in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 41% of the firm’s portfolio. Investments in derivatives form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rivulet Capital, 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.

What kind of clients Schafer Straus Oscar serves?

The firm provides services to charitable organizations and pooled investment vehicles. The largest group of clients of Schafer Straus Oscar is pooled investment vehicles with 3 clients and $2.58 billion of assets under management. Among the 8 most similar advisory firms, Rivulet Capital has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.66 billion for 4 clients. 50% of the firm’s clients are foreign persons or businesses.

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

Careers at Rivulet Capital, LLC

The company employs 10 people that are either part- or full-time employees. 70 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Schafer Straus Oscar has been acting as President since 1 May 2012. Joshua Ari Kuntz joined the executive team most recently as the Managing Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joshua Ari Kuntz	Managing member	1 May 2012	50% - 75%	6052708
Barry Michael Lebovits	Managing member	1 May 2012	50% - 75%	4010039
Schafer Straus Oscar	Chairman	1 May 2012	Other	6024711
Joseph Walter Herman	Chief compliance officer / chief operating officer	1 May 2012	Other	6052704

Based in New York

The principal office where Rivulet Capital, LLC performs its advisory services is located at 55 West 46 Th Street, New York, NY 10036, 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 212-756-8700 or by fax 212-756-8701. The normal business hours are 9:00am - 6:00pm on Monday - Friday. You can find more information about the New York firm at rivuletcap.com.