Clearline Capital LP (New York)

Name: Clearline Capital LP
Address: 950 Third Avenue, New York, NY, 10022
Telephone: 212-735-5380

Clearline Capital LP is a large advisory firm based in New York. It manages $284 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.

Clearline Capital 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.

Clearline Capital: assets under management

The assets under management (AUM) of Clearline Capital LP is $284 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -67% since the beginning of its operation, and $84 million of the total AUM is attributable to clients outside of the United States.

The firm manages $284 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $94.67 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clearline Capital LP 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 Clearline Capital serves?

The only and largest group of clients of Clearline Capital is pooled investment vehicles with 3 clients and $284 million of assets under management. Among the 8 most similar advisory firms, Clearline Capital has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $284 million for 3 clients. 30% of the firm’s clients are foreign persons or businesses.

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

Careers at Clearline Capital LP

The company employs 4 people that are either part- or full-time employees. 75 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
Thomas James Cagna	Chief financial officer and chief compliance officer	1 Feb 2013	Other	5964891
Marc G Majzner	Limited partner and portfolio manager	1 Feb 2013	75% - 100%	6162439
Clearline Capital Llc	General partner	1 Feb 2013	Other	80-0879780
Marc Gedaliah Majzner	Limited partner and portfolio manager	1 Feb 2013	75% - 100%	6162439
Thomas James Cagna	Chief operating officer, chief financial officer and chief compliance officer	1 Dec 2016	Other	5964891
Mohit Bhasin	Chief financial officer and chief compliance officer	1 Sep 2017	Other	6139865

Based in New York

The principal office where Clearline Capital LP performs its advisory services is located at 950 Third 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 212-735-5380 or by fax 212-735-5275. The normal business hours are 8am - 6pm on Monday - Friday. You can find more information about the New York firm at clearlinecap.com.