Saracen Capital LP (Houston)
Saracen Capital LP is a large advisory firm based in Houston. It manages $404.14 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 Texas.
Saracen Capital provides portfolio management for individuals and small businesses, 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.
Saracen Capital: assets under management
The assets under management (AUM) of Saracen Capital LP is $404.14 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 85% since the beginning of its operation, and $166.33 million of the total AUM is attributable to clients outside of the United States.
Investments
The firm invests in government bonds the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Saracen Capital LP 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 Saracen Capital serves?
The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Saracen Capital is pooled investment vehicles with 1 clients and $305.93 million of assets under management. Among the 9 most similar advisory firms, Saracen Capital has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $404.14 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.
Saracen Capital 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 Saracen Capital LP
The company employs 9 people that are either part- or full-time employees. 33 percent of the employees work as investment advisers or researchers. 2 employees are registered as investment adviser representatives with the state securities authorities.
There are 2 people 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.
Leon Andrew Wells has served as the Chief Investment Officer since 1 May 2013. Llc Convexity Cubed joined the executive team most recently as the Limited Partner.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 13 indirect owners.Based in Houston
The principal office where Saracen Capital LP performs its advisory services is located at 3033 W. Alabama, Houston, TX 77098, 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 713-579-3939 or by fax 713-579-3940. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at saracencapital.net.
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