Callodine Capital Management, LP (Boston)
Callodine Capital Management, LP is a large advisory firm based in Boston. It manages $209.96 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of Massachusetts.
Callodine 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.
Callodine Capital Management: assets under management
The assets under management (AUM) of Callodine Capital Management, LP is $209.96 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 88% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Investments
The firm invests in exchange traded securities the most. They account for 100% of the total AUM.Fees & Commissions
The advisory firm has a single stream of revenue. Clients pay Callodine Capital Management, LP for their services and products based on a percentage of assets under management. 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 Callodine Capital Management serves?
The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Callodine Capital Management is pooled investment vehicles with 2 clients and $187.7 million of assets under management. Among the 10 most similar advisory firms, Callodine Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $209.96 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.
Callodine 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 Callodine Capital Management, LP
The company employs 6 people that are either part- or full-time employees. 50 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.
James Stuart Morrow has served as the Chief Investment Officer since 1 May 2018. Austin Mcclintock joined the executive team most recently as the Cco/Cfo/Coo.
Direct owners and executive officers
Based in Boston
The principal office where Callodine Capital Management, LP performs its advisory services is located at Two International Place, Boston, MA 02110, 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 617-880-7480. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at linkedin.com/company/callodine-capital/.
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