Context Capital Management LLC (La Jolla)

Name: Context Capital Management LLC
Address: 2223 Avenida De La Playa, La Jolla, CA, 92037
Telephone: 858-481-3666

Context Capital Management LLC is a large advisory firm based in La Jolla. It manages $204.18 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California and Florida.

Context 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.

Context Capital Management: assets under management

The assets under management (AUM) of Context Capital Management LLC is $204.18 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -55% since the beginning of its operation, and $59.23 million of the total AUM is attributable to clients outside of the United States.

The firm manages $204.18 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $20.42 million each.

Context Capital Management has custody of $123.48 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Context Capital Management LLC for their services and products based on a percentage of assets under management 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 Robert Ellsworth Butman serves?

The only and largest group of clients of Robert Ellsworth Butman is pooled investment vehicles with 10 clients and $204.18 million of assets under management. Among the 8 most similar advisory firms, Context Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $204.18 million for 10 clients. 32% of the firm’s clients are foreign persons or businesses.

Context 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 Context Capital Management LLC

The company employs 5 people that are either part- or full-time employees. 60 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.

Robert Ellsworth Butman has been acting as President since 1 Aug 2007. Charles Edward Carnegie joined the executive team most recently as the Managing Member And Portfolio Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael Stuart Rosen	Managing member, ceo and cco	1 May 2000	Other	1789176
Charles Harris Silver	Chief operating officer, manager	1 May 2000	25% - 50%	4443963
Michael Tyler Rosen Irrevocable Trust	Member	1 May 2000	Other	16-6390505
Merritt Sheila Rosen Irrevocable Trust	Member	1 May 2000	Other	16-6390503
Madison Britt Rosen Irrevocable Trust	Member	1 May 2000	Other	16-6390510
Matthew Tyler Rosen Irrevocable Trust	Trust	1 Jul 2001	Other	11-7688043
Merritt Sheila Rosen Irrevocable Trust	Trust	1 Jul 2001	Other	11-6760075
Madison Britt Rosen Irrevocable Trust	Trust	1 Jul 2001	Other	10-7800032
Nancy Fertig Trust	Trust	1 Jul 2001	25% - 50%	06-6439878
Rosen Family Trust	Trust	1 Jul 2001	Other	10-0407944
Nancy Fertig Family Amended And Restated Trust	Trust	1 Jul 2001	Other	30-6418254
Marilyn Sheila Rosen	Trustee	1 Jul 2001	Other	11-7688043
William David Fertig	Chief investment officer, managing member	1 Oct 2002	Other	871951
Kelly Ann Sanderson	Chief compliance officer	1 Aug 2005	Other	3193931
Robert Ellsworth Butman	President	1 Aug 2007	Other	1352433
Charles Edward Carnegie	Managing partner and portfolio manager	1 Nov 2015	Other	5704568
Charles Edward Carnegie	Managing member and portfolio manager	1 Sep 2017	25% - 50%	5704568

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Marilyn Sheila Rosen	Trustee	1 Jun 1993	Other	xxx-xx-xxxx
Michael Stuart Rosen; Marilyn Sheila Rosen	Trustees	1 Jul 2001	Other	xxx-xx-xxxx
Ronald Fertig	Trustee	1 Jul 2001	Other	xxx-xx-xxxx
Michael Stuart; Rosen Marilyn Sheila Rosen	Trustees	1 Jul 2001	Other	xxx-xx-xxxx
William Fertig	Trustee	1 Jun 2015	Other	xxx-xx-xxxx

Based in La Jolla

The principal office where Context Capital Management LLC performs its advisory services is located at 2223 Avenida De La Playa, La Jolla, CA 92037, which is also the mailing address of the firm. An additional office of the firm is in Jupiter, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 858-481-3666 or by fax 858-481-3667. The normal business hours are 6:30 a.m. - 3:30 p.m. on Monday - Friday. You can find more information about the New York firm at contextfunds.com.