Waterwheel Capital Management, L.P. (New York)

Waterwheel Capital Management, L.P. is a large advisory firm based in New York. It manages $91.2 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2017.

Waterwheel 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.

Waterwheel Capital Management: assets under management

The assets under management (AUM) of Waterwheel Capital Management, L.P. is $91.2 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -23% since the beginning of its operation, and $75.61 million of the total AUM is attributable to clients outside of the United States.

The firm manages $91.2 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $18.24 million each.

Investments

The firm invests in exchange traded securities the most. They account for 52% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 48% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Waterwheel Capital Management, L.P. 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 Waterwheel Capital Management serves?

The only and largest group of clients of Waterwheel Capital Management is pooled investment vehicles with 4 clients and $75.61 million of assets under management. Among the 7 most similar advisory firms, Waterwheel Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $75.61 million for 4 clients. 60% of the firm’s clients are foreign persons or businesses.

Waterwheel Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Waterwheel Capital Management, L.P.

The company employs 2 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
Llc Waterwheel Capital Gp	Owner, general partner	1 Jul 2017	75% - 100%	82-2198899
Michael Alfred Anthony Degregorio	Chief compliance officer, limited partner	1 Aug 2017	Other	5456114
Micheal A Degregorio	Chief compliance officer	1 Aug 2017	Other	5456114

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
John Ross Wollen	Principal	1 Jul 2017	75% - 100%	2783892

Based in New York

The principal office where Waterwheel Capital Management, L.P. performs its advisory services is located at 1345 Avenue Of The Americas, New York, NY 10105, 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 (646) 940-8850. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday.