Yakira Capital Management, Inc. (Westport)

Yakira Capital Management, Inc. is a large advisory firm based in Westport. It manages $412.05 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Connecticut.

Yakira Capital 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.

Yakira Capital Management: assets under management

The assets under management (AUM) of Yakira Capital Management, Inc. is $412.05 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 102% since the beginning of its operation, and $366.64 million of the total AUM is attributable to clients outside of the United States.

The firm manages $412.05 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $137.35 million each.

Yakira Capital Management has custody of $45.26 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 100% of the total AUM.

Fees & Commissions

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

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Yakira Capital Management is pooled investment vehicles with 2 clients and $411.9 million of assets under management. Among the 10 most similar advisory firms, Yakira Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $412.05 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.

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

Careers at Yakira Capital Management, Inc.

The company employs 4 people that are either part- or full-time employees. 75 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
Bruce Mitchell Kallins	Managing member, yp management, l.l.c., relying adviser	1 Feb 1997	75% - 100%	6025792
Bruce Mitchell Kallins	President, chief investment officer and chief compliance officer	1 Mar 1997	75% - 100%	6025792
Nicholas Dominick Sabatini	Chief financial officer	1 Apr 2014	Other	4824275

Based in Westport

The principal office where Yakira Capital Management, Inc. performs its advisory services is located at 991 Post Road East, Westport, CT 06880, 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 203-341-0606 or by fax 203-341-0645. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.