Kynikos Associates LP (New York)


Kynikos Associates LP is a large advisory firm based in New York. It manages $1.12 billion of regulatory assets for 18 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.

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Kynikos Associates provides portfolio management for investment companies, 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.

Kynikos Associates: assets under management

The assets under management (AUM) of Kynikos Associates LP is $1.12 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -48% since the beginning of its operation, and $462.16 million of the total AUM is attributable to clients outside of the United States.


The firm manages $1.12 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $62.39 million each.
Kynikos Associates has custody of $107.23 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 99% of the total AUM. The second-largest asset type is derivatives, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kynikos Associates LP 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 Kynikos Associates serves?

The firm provides services to investment companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Kynikos Associates is pooled investment vehicles with 13 clients and $536.58 million of assets under management. Among the 11 most similar advisory firms, Kynikos Associates has the 5th highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $1.12 billion for 18 clients. 50% of the firm’s clients are foreign persons or businesses.

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

Careers at Kynikos Associates LP

The company employs 22 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 are 2 people 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
Ltd. Kynikos Associates General partner 1 Dec 2003 Other 13-3305275
James S. Chanos Llc Limited partner 1 Dec 2003 50% - 75% 20-0494851
Charles E. Hobbs Llc Limited partner 1 Dec 2003 Other 20-0498464
Mmsb Llc Limited partner 1 Jan 2004 Other 20-0593392
Robert Veninata Llc Limited partner 1 Jan 2004 Other 20-0597727
Alan Martin Best Director of equity finance 1 Jan 2004 Other 1864308
260 West Llc Limited partner 1 Jan 2004 Other 20-0597762
Charles Edward Hobbs Director of research 1 Jan 2004 Other 2168242
David Eli Glaymon Managing director 1 Jan 2006 Other 2573634
Deglaymon Llc Limited partner 1 Jan 2006 Other 76-0825559
Brian Francis Nichols Chief operating officer 1 Apr 2010 Other 5050957
Charles Edward Hobbs Senior managing director 1 Jan 2012 Other 2168242
David Eli Glaymon Director of global research 1 Jan 2012 Other 2573634
David Eli Glaymon Co-portfolio manager for the kynikos opportunity funds 1 Mar 2015 Other 2573634
Charles Edward Hobbs Co-portfolio manager for kriticos and ursus funds 1 Mar 2015 Other 2168242

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
James Steven Chanos Shareholder 1 Sep 1985 75% - 100% 1213428
James Steven Chanos Member 1 Dec 2003 75% - 100% 1213428
Charles Edward Hobbs Member 1 Dec 2003 75% - 100% 2168242
Robert Allen Veninata Member 1 Jan 2004 75% - 100% 2288770
Brian Francis Nichols Member 1 Jan 2004 75% - 100% 5050957

Based in New York

The principal office where Kynikos Associates LP performs its advisory services is located at 20 West 55 Th Street, New York, NY 10019 5373, 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 212-649-0200 or by fax 212-649-0269. The normal business hours are 8am to 5pm on Monday - Friday. You can find more information about the New York firm at kynikos.com.