Tremblant Capital LP (New York)

Name: Tremblant Capital LP
Address: 767 Fifth Avenue, New York, NY, 10153
Telephone: 212-303-7373

Tremblant Capital LP is a large advisory firm based in New York. It manages $1.77 billion of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Connecticut.

Tremblant Capital provides portfolio management for investment companies, 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.

Tremblant Capital: assets under management

The assets under management (AUM) of Tremblant Capital LP is $1.77 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -56% since the beginning of its operation, and $886.36 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.77 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $88.58 million each.

Tremblant Capital has custody of $894.01 million in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is derivatives, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tremblant Capital 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 Tremblant Capital serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Tremblant Capital is pooled investment vehicles with 12 clients and $1.11 billion of assets under management. Among the 5 most similar advisory firms, Tremblant Capital has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.12 billion for 14 clients. 45% of the firm’s clients are foreign persons or businesses.

Tremblant Capital also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Tremblant Capital LP

The company employs 29 people that are either part- or full-time employees. 34 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Kelly Alyse Branco joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tremblant Capital Llc	General partner	1 Mar 2001	Other	13-4164480
Brett Edward Bruce Barakett	Limited partner and chairman/chief executive officer	1 Mar 2001	75% - 100%	2776543
Brett Barakett	Chairman and chief executive officer	1 Mar 2001	75% - 100%	2776543
James Peter Eckert	Chief operating officer and president	1 May 2001	Other	3041361
James P Eckert	Chief operating officer and chief financial officer	1 May 2001	Other	3041361
Brett Edward Bruce Barakett	Limited partner and chairman/chief executive officer - relying adviser	1 Aug 2002	75% - 100%	2776543
Tremblant Select Capital I Llc	General partner - relying adviser	1 Aug 2002	Other	30-0122527
David B Zales	General counsel and chief compliance officer	1 Feb 2005	Other	5073573
David Bennett Zales	General counsel and chief compliance officer	1 Feb 2005	Other	5073573
Michael Adam Hoffman	General counsel and chief compliance officer	1 Oct 2009	Other	5382049
Amrita Nmn Dodani	Chief financial officer	1 Jan 2010	Other	5800965
Amrita Dodani	Chief financial officer	1 Jan 2010	Other	5800965
Mark Sun Cho	General counsel and chief compliance officer	1 Feb 2016	Other	6630662
Daniel Eugene Waters	Co-president	1 Jul 2016	Other	2166312
Kelly Alyse Branco	Chief financial officer	1 Dec 2017	Other	6927271

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Patricia Gillego	Member	1 Mar 2001	25% - 50%	5075474
Patricia Valerie Gillego	Member	1 Mar 2001	25% - 50%	5075474
Patricia Gillego Barakett	Member	1 Mar 2001	25% - 50%	5075474
Brett Edward Bruce Barakett	Managing member	1 Feb 2002	75% - 100%	2776543

Based in New York

The principal office where Tremblant Capital LP performs its advisory services is located at 767 Fifth Avenue, New York, NY 10153, which is also the mailing address of the firm. An additional office of the firm is in Greenwich, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-303-7373 or by fax 212-303-7378. The normal business hours are 8:30am to 5:30pm on Monday - Friday. You can find more information about the New York firm at tremblantcapital.com and its LinkedIn profile.