Kingdon Capital Management, L.L.C. (New York)

Kingdon Capital Management, L.L.C. is a large advisory firm based in New York. It manages $1.42 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Kingdon Capital Management, L.L.C provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kingdon Capital Management, L.L.C: assets under management

The assets under management (AUM) of Kingdon Capital Management, L.L.C. is $1.42 billion. The firm's AUM has gone down by -60% since the beginning of its operation, and $1.24 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.24 billion in discretionary accounts and $176.22 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $155.39 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $35.24 million.

Kingdon Capital Management, L.L.C has custody of $1.22 billion in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kingdon Capital Management, L.L.C. 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 Mark Elliot Kingdon serves?

The only and largest group of clients of Mark Elliot Kingdon is pooled investment vehicles with 8 clients and $1.24 billion of assets under management. Among the 10 most similar advisory firms, Kingdon Capital Management, L.L.C has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.24 billion for 8 clients. 36% of the firm’s clients are foreign persons or businesses.

Kingdon Capital Management, L.L.C also advises several private funds. Namely, seven hedge funds. The minimum investment commitment required of non-related persons ranges from $2,000,000 to $5,000,000.

Careers at Kingdon Capital Management, L.L.C.

The company employs 36 people that are either part- or full-time employees. 39 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.

Mark Elliot Kingdon has been acting as President since 1 May 1998. Michael Jay Mackey has served as the Chief Investment Officer since 1 Jan 2008. Vickram Paul David joined the executive team most recently as the President.

Direct owners and executive officers

Based in New York

The principal office where Kingdon Capital Management, L.L.C. performs its advisory services is located at 152 West 57 Th Street, New York, NY 10019 3308, which is also the mailing address of the firm. An additional office of the firm is in Chappaqua, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-333-0100. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at kingdon.com.

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