Altai Capital Management, L.P. (Newport Beach)


Altai Capital Management, L.P. is a large advisory firm based in Newport Beach. It manages $126.31 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2009.

Altai Capital Management provides portfolio management for individuals and small businesses and 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.

Altai Capital Management: assets under management

The assets under management (AUM) of Altai Capital Management, L.P. is $126.31 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $126.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $31.58 million each.
Altai Capital Management has custody of $89.07 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 78% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 22% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Altai Capital Management, L.P. for their services and products based on a percentage of assets under management, fixed fees, 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 Toby Edgcumbe Symonds serves?

The only and largest group of clients of Toby Edgcumbe Symonds is pooled investment vehicles with 2 clients and $89.07 million of assets under management. Among the 10 most similar advisory firms, Altai Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $89.07 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Altai Capital Management also advises several private funds. Namely, one hedge fund and one private equity fund. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Altai Capital Management, L.P.

The company employs 4 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.

Toby Edgcumbe Symonds has been acting as President since 1 Jul 2009. Michael G Scarola joined the executive team most recently as the Chief Operating Officer/Chief Financial Officer/Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Llc Altai Capital Management General partner 1 Jul 2009 Other 30-0571180
Rishi (Nmn) Bajaj Managing principal/portfolio manager 1 Jul 2009 25% - 50% 4487688
Steven Vincent Tesoriere Managing principal/portfolio manager 1 Jul 2009 25% - 50% 5715431
Toby Edgcumbe Symonds Managing principal/president/chief operating officer/chief compliance officer 1 Jul 2009 Other 2661410
Rishi (Nmn) Bijaj Managing principal/portfolio manager 1 Jul 2009 25% - 50% 4487688
Jonathan Ross Leitner Chief financial officer 1 Dec 2011 Other 6049560
Michael G Scarola Chief operating officer/chief financial officer/chief compliance officer 1 Jan 2019 Other 5356066

Based in Newport Beach

The principal office where Altai Capital Management, L.P. performs its advisory services is located at 4675 Macarthur Court, Newport Beach, CA 92660, 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 949-326-9611 or by fax 800-642-2526. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.