Explorador Capital Management, LLC (Buenos Aires)

Name: Explorador Capital Management, LLC
Address: Avenida Figueroa Alcorta 3351, Buenos Aires, C1425 Ckm
Telephone: +54 11 4806 7600

Explorador Capital Management, LLC is a large advisory firm based in Buenos Aires. It manages $201.38 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2006.

Explorador 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.

Explorador Capital Management: assets under management

The assets under management (AUM) of Explorador Capital Management, LLC is $201.38 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 260% since the beginning of its operation, and $176 million of the total AUM is attributable to clients outside of the United States.

The firm manages $201.38 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $40.28 million each.

Explorador Capital Management has custody of $169.87 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

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

The only and largest group of clients of Explorador Capital Management is pooled investment vehicles with 5 clients and $169.87 million of assets under management. Among the 10 most similar advisory firms, Explorador Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $169.87 million for 5 clients. 20% of the firm’s clients are foreign persons or businesses.

Explorador Capital Management also advises several private funds. Namely, three hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $5,000,000.

Careers at Explorador Capital Management, LLC

The company employs 10 people that are either part- or full-time employees. 50 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
Andrew Hall Cummins	Managing member	1 Nov 1995	75% - 100%	1530794
Pisces Fund	Member	1 Nov 1995	Other	94-3168926
L.L.C. Farallon Capital Management	Member	1 Nov 1995	Other	107322
Gabriel Alejandro Micheloud	Chief compliance officer	1 Mar 2011	Other	5904223
Joseph Oliver Harper	Cco	1 Mar 2012	Other	6043410
Maria Florencia Bravo	Chief compliance officer	1 Mar 2012	Other	6043410

Indirect Owners

The SEC currently registers 15 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Rjf Insurance Trust	General partner	1 Nov 1992	25% - 50%	946622601
Jjf Insurance Trust	General partner	1 Nov 1992	25% - 50%	946622615
Wsf Insurance Trust	General partner	1 Nov 1992	25% - 50%	946622621
Thomas Fahr Steyer	Senior managing member	1 Apr 1996	25% - 50%	1233313
Joseph Francis Downes	Managing member	1 Apr 1996	Other	1410971
Stephen Lewis Millham	Managing member	1 Apr 1996	Other	2790136
William Frederick Mellin	Managing member	1 Apr 1996	Other	1750521
Richard Brachman Fried	Managing member	1 Jan 1999	Other	4344153
William Francis Duhamel	Managing member	1 Jan 1999	Other	2847674
Mark Christopher Wehrly	Managing member & chief legal officer	1 Jan 2000	Other	4344163
Monica Rose Landry	Managing member	1 Jan 2001	Other	4344165
Derek Christopher Schrier	Managing member	1 Jul 2003	Other	4702432
Chun R Ding	Managing member	1 Jul 2003	Other	4702452
Charles Erwin Ellwein	Managing member	1 Jan 2004	Other	2091983
Rajiv Anant Patel	Managing member	1 Jan 2004	Other	2404836

Based in Buenos Aires

The principal office where Explorador Capital Management, LLC performs its advisory services is located at Avenida Figueroa Alcorta 3351, Buenos Aires, C1425 Ckm, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number +54 11 4806 7600. The normal business hours are 8:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at explorador.net.