Diametric Capital, LP (Boston)

Name: Diametric Capital, LP
Address: 200 Clarendon Street, Boston, MA, 02116
Telephone: 617-443-2020

Diametric Capital, LP is a large advisory firm based in Boston. It manages $376.61 million of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2017.

Diametric Capital 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.

Diametric Capital: assets under management

The assets under management (AUM) of Diametric Capital, LP is $376.61 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 20% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $376.61 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $28.97 million each.

Diametric Capital has custody of $119.11 million in cash and securities for 9 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 non-exchange traded securities, which make up 1% of the firm’s portfolio. Investments in derivatives form 1% of the total invested assets.

Fees & Commissions

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

The only and largest group of clients of Diametric Capital is pooled investment vehicles with 9 clients and $119.11 million of assets under management. Among the 10 most similar advisory firms, Diametric Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $119.11 million for 9 clients. None of the firm’s clients are foreign persons or businesses.

Diametric Capital also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Diametric Capital, LP

The company employs 12 people that are either part- or full-time employees. 83 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
Nainoor Chandres Thakore	Limited partner	1 Dec 2016	75% - 100%	4509844
Diametric Capital Gp Llc	General partner	1 Dec 2016	Other	82-0656003
Peter Andrew Schaffer	Chief operating officer, chief compliance officer	1 Jan 2017	Other	1793456
L.P. Battery Ventures Xi A	Limited partner	1 Apr 2017	Other	0001665603

Based in Boston

The principal office where Diametric Capital, LP performs its advisory services is located at 200 Clarendon Street, Boston, MA 02116, 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 617-443-2020. The normal business hours are 8:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at diametriccapital.com.