Cerrano Capital Management LP (New York)

Name: Cerrano Capital Management LP
Address: 250 West 55 Th Street, New York, NY, 10019
Telephone: (212) 418-1848

Cerrano Capital Management LP is a large advisory firm based in New York. It manages $211.42 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Cerrano 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.

Cerrano Capital Management: assets under management

The assets under management (AUM) of Cerrano Capital Management LP is $211.42 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -9% since the beginning of its operation, and $60.23 million of the total AUM is attributable to clients outside of the United States.

The firm manages $211.42 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $70.47 million each.

Cerrano Capital Management has custody of $211.42 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 Cerrano Capital Management 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 Cerrano Capital Management serves?

The only and largest group of clients of Cerrano Capital Management is pooled investment vehicles with 3 clients and $211.42 million of assets under management. Among the 9 most similar advisory firms, Cerrano Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $211.42 million for 3 clients. 67% of the firm’s clients are foreign persons or businesses.

Cerrano Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Cerrano Capital Management LP

The company employs 10 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cerrano Capital Management Gp Llc	General partner	1 Mar 2017	75% - 100%	82-0729123
Michael Yehuda Weinberger	Chief executive officer, limited partner	1 Aug 2017	Other	5128633
Avi Nmn Vogel	Chief compliance officer, chief financial officer	1 Aug 2017	Other	5928496
Cerrano Capital Management Gp Llc	General partner	1 Aug 2017	75% - 100%	82-0729123

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Michael Yehuda Weinberger	Managing member	1 Mar 2017	75% - 100%	5128633
Michael Yehuda Weinberger	Owner	1 Sep 2017	75% - 100%	5128633

Based in New York

The principal office where Cerrano Capital Management LP performs its advisory services is located at 250 West 55 Th Street, New York, NY 10019, 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 (212) 418-1848. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at cerranocapital.com/.