Ancient Art, L.P. (Austin)

Name: Ancient Art, L.P.
Address: 500 West 5 Th Street, Austin, TX, 78701
Telephone: 512.351.4440

Ancient Art, L.P. is a large advisory firm based in Austin. It manages $1.52 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Texas.

Ancient Art provides portfolio management for hedge fund. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ancient Art: assets under management

The assets under management (AUM) of Ancient Art, L.P. is $1.52 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1077% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.52 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.52 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ancient Art, L.P. 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 Ancient Art serves?

The only and largest group of clients of Ancient Art is pooled investment vehicles with 1 clients and $1.52 billion of assets under management. Among the 9 most similar advisory firms, Ancient Art has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.52 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Ancient Art also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Ancient Art, L.P.

The company employs 12 people that are either part- or full-time employees. 67 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
Quincy James Lee	Limited partner	1 Mar 1999	75% - 100%	2643993
L.L.C. Trango Ii	General partner	1 Mar 1999	Other	01-0626196
Darien Michelle Jefferies	Chief compliance officer	1 Aug 2006	Other	5227725
Darien Michelle Schlegel	Chief compliance officer	1 Aug 2006	Other	5227725
Amy L. Inbody	Chief compliance officer	1 Mar 2009	Other	5651185
Amy Louise Inbody	Chief compliance officer	1 Mar 2009	Other	5651185
Brooke Anna Johnson	Chief financial officer	1 Nov 2009	Other	5768668
Brooke Anna Phillips	Chief financial officer	1 Nov 2009	Other	5768668
Brooke Johnson	Chief financial officer	1 Nov 2009	Other	5768668
Patricia Gaither Rench	Chief compliance officer	1 Nov 2010	Other	4959346

Based in Austin

The principal office where Ancient Art, L.P. performs its advisory services is located at 500 West 5 Th Street, Austin, TX 78701, 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 512.351.4440. The normal business hours are 8 am to 6 pm on Monday - Friday. You can find more information about the New York firm at tetoncapital.net.