Constellation Capital Management LLC (White Plains)

Name: Constellation Capital Management LLC
Address: 1025 Westchester Avenue, White Plains, NY, 10604
Telephone: 212-421-3700

Constellation Capital Management LLC is a large advisory firm based in White Plains. It manages $449.82 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of New Jersey, New York, and Texas.

Constellation Capital Management 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.

Constellation Capital Management: assets under management

The assets under management (AUM) of Constellation Capital Management LLC is $449.82 million. The firm's AUM has grown by 30% since the beginning of its operation, and $264 million of the total AUM is attributable to clients outside of the United States.

The firm manages $362.05 million in discretionary accounts and $87.77 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $60.34 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $29.26 million.

Constellation Capital Management has custody of $178.23 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in sovereign bonds the most. They account for 65% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 26% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

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

The only and largest group of clients of Constellation Capital Management is pooled investment vehicles with 5 clients and $178.23 million of assets under management. Among the 8 most similar advisory firms, Constellation Capital Management has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $178.23 million for 5 clients. 33% of the firm’s clients are foreign persons or businesses.

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

Careers at Constellation Capital Management LLC

The company employs 7 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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
Shahriar Shahida	Managing member	1 May 1999	50% - 75%	2226522
Varun Gosain	Managing member	1 Jul 1999	50% - 75%	2180524
Varun Gosain	Managing member	1 Dec 1999	50% - 75%	2180524
Susan Kim Anderson	Chief compliance officer	1 Jun 2005	Other	1559393
Prabir Datta	Chief operating officer / chief compliance officer	1 Oct 2009	Other	2492062
Eugene Thomas Mone	Head of operations/chief compliance officer	1 May 2016	Other	2489012

Based in White Plains

The principal office where Constellation Capital Management LLC performs its advisory services is located at 1025 Westchester Avenue, White Plains, NY 10604, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-421-3700 or by fax 212-421-4339. The normal business hours are 7:30am-5:00pm on Monday - Friday. You can find more information about the New York firm at constellationcapital.com.