Starboard Value LP (New York)
Starboard Value LP is a large advisory firm based in New York. It manages $5.55 billion of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2011.
Starboard Value 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.
Starboard Value: assets under management
The assets under management (AUM) of Starboard Value LP is $5.55 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2113% since the beginning of its operation, and $3.33 billion of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in exchange traded securities the most. They account for 72% of the total AUM. The second-largest asset type is derivatives, which make up 25% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 3% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Starboard Value 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 Starboard Value serves?
The only and largest group of clients of Starboard Value is pooled investment vehicles with 8 clients and $3.92 billion of assets under management. Among the 9 most similar advisory firms, Starboard Value has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $3.92 billion for 8 clients. 50% of the firm’s clients are foreign persons or businesses.
Starboard Value 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 Starboard Value LP
The company employs 34 people that are either part- or full-time employees. 38 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
Indirect Owners
The SEC currently registers 5 indirect owners.Based in New York
The principal office where Starboard Value LP performs its advisory services is located at 777 3 Rd Avenue, New York, NY 10017, 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 212-845-7977 or by fax 212-845-7989. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at starboardvalue.com/.
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