Silvermine Capital Management, LLC is a large advisory firm based in New York. It manages $1.79 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Connecticut.
Silvermine 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.
The assets under management (AUM) of Silvermine Capital Management, LLC is $1.79 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -43% since the beginning of its operation, and $1.79 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Silvermine Capital Management, 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.
The only and largest group of clients of Eric Galip Burl is pooled investment vehicles with 5 clients and $1.79 billion of assets under management. Among the 13 most similar advisory firms, Silvermine Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $1.79 billion for 5 clients. 100% of the firm’s clients are foreign persons or businesses.
Silvermine Capital Management also advises several private funds. Namely, five securitized asset funds. The minimum investment commitment required of non-related persons is $250,000 for each fund.
The company employs 19 people that are either part- or full-time employees. 68 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 compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Eric Galip Burl has been acting as President since 1 Jan 2015. Man Group Treasury Limited joined the executive team most recently as the Shareholder.
The principal office where Silvermine Capital Management, LLC performs its advisory services is located at 452 Fifth Avenue, New York, NY 10018, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-649-6600. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at glgpartners.com/res/silvermine.