Castle Creek Arbitrage, LLC (Chicago)

Name: Castle Creek Arbitrage, LLC
Address: 190 South Lasalle Street, Chicago, IL, 60603
Telephone: 312.692.7550

Castle Creek Arbitrage, LLC is a large advisory firm based in Chicago. It manages $773.38 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2005.

Castle Creek Arbitrage 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.

Castle Creek Arbitrage: assets under management

The assets under management (AUM) of Castle Creek Arbitrage, LLC is $773.38 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 466% since the beginning of its operation, and $234.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $773.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $154.68 million each.

Castle Creek Arbitrage has custody of $773.38 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Castle Creek Arbitrage, 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 Castle Creek Arbitrage serves?

The only and largest group of clients of Castle Creek Arbitrage is pooled investment vehicles with 5 clients and $773.38 million of assets under management. Among the 9 most similar advisory firms, Castle Creek Arbitrage has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $773.38 million for 5 clients. 60% of the firm’s clients are foreign persons or businesses.

Castle Creek Arbitrage also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $50,000,000.

Careers at Castle Creek Arbitrage, LLC

The company employs 10 people that are either part- or full-time employees. 40 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
Allan David Weine	Managing member	1 Feb 2004	75% - 100%	2162226
Peter Colligan Fletcher	Member	1 Feb 2004	Other	4057589
Inc Dansu	Member	1 Feb 2004	25% - 50%	36-4048870
William James Shimanek	Chief compliance officer	1 Feb 2004	Other	1713029
Christina Marie Perz	Chief financial officer	1 Nov 2005	Other	1570184
Paul Kim Janowitz	Member	1 Jan 2007	Other	2787660
Constance Rae Wick	Chief compliance officer	1 Feb 2010	Other	3089477
Llc Castle Creek Arbitrage	Owner of cc arb global, ltd., a "relying adviser"	1 Dec 2010	75% - 100%	135351
Courtney Fong	Chief compliance officer	1 Oct 2015	Other	6577850

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Daniel Bruce Asher	President	1 Oct 1995	75% - 100%	1645627

Based in Chicago

The principal office where Castle Creek Arbitrage, LLC performs its advisory services is located at 190 South Lasalle Street, Chicago, IL 60603, 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 312.692.7550 or by fax 312 983 7167. The normal business hours are 8:00 am -4:30 pm on Monday - Friday. You can find more information about the New York firm at castle-creek.com.