Square Mile Capital Management LLC (New York)


Square Mile Capital Management LLC is a large advisory firm based in New York. It manages $5.24 billion of regulatory assets for 34 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Square Mile 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.

Square Mile Capital Management: assets under management

The assets under management (AUM) of Square Mile Capital Management LLC is $5.24 billion. The firm's AUM has grown by 304% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $4.63 billion in discretionary accounts and $611.25 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $144.73 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $305.63 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

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

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Square Mile Capital Management is pooled investment vehicles with 32 clients and $4.63 billion of assets under management. Among the 9 most similar advisory firms, Square Mile Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.63 billion for 33 clients. None of the firm’s clients are foreign persons or businesses.

Square Mile Capital Management also advises several private funds. Namely, two real estate funds. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Square Mile Capital Management LLC

The company employs 35 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
Jeffrey Bruce Citrin Managing principal & board member 1 Feb 2006 Other 2182152
Neil Howard Koenig Chief financial officer 1 Jun 2006 Other 5719721
Craig Harris Solomon Managing principal & board member 1 Oct 2006 Other 2768237
Square Mile Capital Management Llc Member of square mile capital management ii llc 1 Nov 2006 75% - 100% 158190
Square Mile Capital Management Llc Member of square mile capital management iii llc 1 Jan 2008 75% - 100% 158190
Joseph Dante D'angelo General counsel 1 Apr 2008 Other 5861698
Daniel Max Kasell Chief compliance officer 1 Feb 2012 Other 6023647
Smc Holdco Llc Member 1 Feb 2012 50% - 75% 45-4541940
Usaa Real Estate Company Member 1 Feb 2012 25% - 50% 74-2237999
Leonard Jeffrey O'donnell Board member 1 Feb 2012 Other 6031932
Thomas Patrick Duncan Board member 1 Feb 2012 Other 2239174
Square Mile Capital Management Llc Member of square mile capital management iv llc 1 Dec 2012 75% - 100% 158190
Carl Clinton Liebert Board member 1 Jan 2014 Other 6232244
Square Mile Capital Management Llc Member of square mile capital management core credit llc 1 Apr 2014 75% - 100% 158190
Square Mile Capital Management Llc Member of square mile capital management tactical llc 1 Nov 2014 75% - 100% 158190
Christopher Weber Claus Board member 1 Dec 2014 Other 1603577
Square Mile Capital Management Llc Member of square mile capital management kp llc 1 Dec 2015 75% - 100% 158190
Square Mile Capital Management Llc Member of square mile capital management v llc 1 Jun 2016 75% - 100% 158190
Square Mile Capital Management Llc Member of square mile capital management hospitality llc 1 Aug 2016 75% - 100% 158190
Square Mile Capital Management Llc Member of square mile capital management 1166 aoa llc 1 Dec 2016 75% - 100% 158190
Jeffrey Bruce Citrin Board member (vice chairman) 1 Jul 2017 Other 2182152
Craig Harris Solomon Chief executive officer & board member 1 Jul 2017 Other 2768237
Daniel Max Kasell Managing director, legal & regulatory affairs / chief compliance officer 1 Jul 2017 Other 6023647
Leonard Jeffrey O'donnell Board member (non-executive chairman) 1 Jul 2017 Other 6031932
Laurie Fran Golub Chief operating officer 1 Jan 2018 Other 6931843

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Usaa Capital Corporation Shareholder 1 Oct 1992 75% - 100% 51-0291843
United Services Automobile Association Shareholder 1 Oct 1992 75% - 100% 74-0959140
Jeffrey Bruce Citrin Member 1 Feb 2012 50% - 75% 2182152
Craig Harris Solomon Member 1 Feb 2012 50% - 75% 2768237

Based in New York

The principal office where Square Mile Capital Management LLC performs its advisory services is located at 350 Park 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 212-605-1000 or by fax 212-605-0999. The normal business hours are 9:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at squaremilecapital.com.