Hudson Cove Capital Management LLC (Jersey City)

Name: Hudson Cove Capital Management LLC
Address: Harborside 5, Jersey City, NJ, 07311
Telephone: 201-685-7555

Hudson Cove Capital Management LLC is a large advisory firm based in Jersey City. It manages $634.85 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2016.

Hudson Cove Capital 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.

Hudson Cove Capital Management: assets under management

The assets under management (AUM) of Hudson Cove Capital Management LLC is $634.85 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 62% since the beginning of its operation, and $620.97 million of the total AUM is attributable to clients outside of the United States.

The firm manages $634.85 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $211.62 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hudson Cove 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 Hudson Cove Capital Management serves?

The only and largest group of clients of Hudson Cove Capital Management is pooled investment vehicles with 2 clients and $634.85 million of assets under management. Among the 7 most similar advisory firms, Hudson Cove Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $634.85 million for 2 clients. 50% of the firm’s clients are foreign persons or businesses.

Hudson Cove Capital Management 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 Hudson Cove Capital Management LLC

The company employs 10 people that are either part- or full-time employees. 100 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 Wu	Managing member and chief investment officer	1 Sep 2009	75% - 100%	4255102
Frederick William Wang	Member	1 Sep 2009	Other	4315206
Christian Mainelli	Partner	1 Jan 2017	Other	3218061
Shahid Nmn Waheed	Chief compliance officer and controller	1 May 2017	Other	5768549

Based in Jersey City

The principal office where Hudson Cove Capital Management LLC performs its advisory services is located at Harborside 5, Jersey City, NJ 07311, 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 201-685-7555 or by fax 201-685-7567. The normal business hours are 8am-6pm on Monday - Friday. You can find more information about the New York firm at hudsoncovecapital.com.