Water Island Capital,LLC (New York)

Name: Water Island Capital,LLC
Address: 41 Madison Avenue, New York, NY, 10010 2202
Telephone: 800-560-8210

Water Island Capital,LLC is a large advisory firm based in New York. It manages $3.01 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2012.

Water Island Capital provides portfolio management for investment companies 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.

Water Island Capital: assets under management

The assets under management (AUM) of Water Island Capital,LLC is $3.01 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $3.01 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $300.87 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Water Island Capital,LLC 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 Water Island Capital serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Water Island Capital is investment companies with 7 clients and $2.88 billion of assets under management. Among the 8 most similar advisory firms, Water Island Capital has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $3.01 billion for 10 clients. None of the firm’s clients are foreign persons or businesses.

Water Island Capital also advises several private funds. Namely, two hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $50,000,000.

Careers at Water Island Capital,LLC

The company employs 43 people that are either part- or full-time employees. 37 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
John Sabbott Orrico	Managing member & management committee member	1 Jan 2000	50% - 75%	1189995
Matthew Hemberger	Elected manager/ chief financial officer	1 Jan 2002	Other	1450525
Mark Allen Campbell	Minority owner	1 Jan 2004	Other	6048271
Jonathan Neal Schonberg	Minority owner	1 Mar 2006	Other	3211200
William B. Keena	Chief administrative officer & management committee member	1 Jan 2010	Other	1237385
Matthew James Osowiecki	Minority owner	1 Jan 2010	Other	5228242
Roger Phillip Foltynowicz	Minority owner	1 Dec 2010	Other	4214629
Todd Wistar Munn	Minority owner	1 Dec 2010	Other	2784265
Eric Michael Casadei	Minority owner	1 Dec 2010	Other	4207268
Carisa Lynne Jackson	Minority owner	1 Dec 2010	Other	5900359
Jonathan Neal Schonberg	Minority owner	1 Dec 2010	Other	3211200
Mark Allen Campbell	Minority owner	1 Dec 2010	Other	6048271
Jennifer Ann Avicolli	Chief compliance officer	1 Jan 2012	Other	4936014
Christina Chew	Senior managing partner & management committee member	1 Dec 2013	Other	2828425
Matthew James Osowiecki	Management commitee member	1 Nov 2014	Other	5228242
Jonathan Thomas Hickey	Management committee member	1 Nov 2014	Other	4597544
Aditya Bindal	Chief risk officer	1 Sep 2015	Other	4970530
Laura Kimberly Wajs	Chief compliance officer	1 May 2016	Other	3067704
Ludmila Chwazik	Chief compliance officer	1 Nov 2016	Other	6028343
Justin Michael Dunleavy	Management committee member	1 Jan 2017	Other	5082457
Curtis Barger Watkins	Management committee member	1 Jan 2017	Other	6776312

Based in New York

The principal office where Water Island Capital,LLC performs its advisory services is located at 41 Madison Avenue, New York, NY 10010 2202, 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 800-560-8210 or by fax 646-513-2642. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at arbitragefunds.com.