Corvex Management LP (New York)

Corvex Management LP is a large advisory firm based in New York. It manages $2.42 billion of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Corvex 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.

Corvex Management: assets under management

The assets under management (AUM) of Corvex Management LP is $2.42 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 140% since the beginning of its operation, and $2.4 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.42 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $402.79 million each.

Corvex Management has custody of $202.89 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

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

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Corvex Management LP 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 Corvex Management serves?

The firm provides services to pooled investment vehicles and sovereign wealth funds and foreign official institutions. The largest group of clients of Corvex Management is pooled investment vehicles with 5 clients and $2.26 billion of assets under management. Among the 8 most similar advisory firms, Corvex Management has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.42 billion for 6 clients. 67% of the firm’s clients are foreign persons or businesses.

Corvex Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $100,000.

Careers at Corvex Management LP

The company employs 21 people that are either part- or full-time employees. 43 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
Rupal Dhruv Doshi	Chief operating officer	1 Dec 2010	Other	2281680
Keith Arlyn Meister	Managing partner	1 Dec 2010	50% - 75%	2649054
Michael Lloyd Doniger	Special limited partner	1 Dec 2010	Other	6026521
Nicholas Francis Graziano	Senior managing director	1 Dec 2010	Other	2626052
Meister Capital Management Llc	General partner	1 Dec 2010	Other	27-4190512
Malcolm Andrew Levine	Senior managing director	1 Jan 2013	Other	4696921
Pat Dooley	Chief legal officer	1 Jan 2014	Other	6471039
Sam Bezek	Chief compliance officer	1 Jan 2015	Other	6471036
Rizwan Sabar	Senior managing director	1 Apr 2018	Other	5570383
Michael Goldberg	Senior managing director	1 Apr 2018	Other	7079623
Keith Nunziata	Senior managing director	1 Apr 2018	Other	7079627
Garrett Bembenek	Chief operations officer	1 Jan 2019	Other	7079600
Brian Emes	Chief financial officer	1 Jan 2019	Other	7079604

Based in New York

The principal office where Corvex Management LP performs its advisory services is located at 667 Madison Avenue, New York, NY 10065, 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 212-474-6700 or by fax 212-474-6715. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday.