Centerstar Asset Management, LLC (Chicago)

Name: Centerstar Asset Management, LLC
Address: 300 South Riverside Plaza, Chicago, IL, 60606
Telephone: 312-256-9627

Centerstar Asset Management, LLC is a large advisory firm based in Chicago. It manages $147.66 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of Illinois.

Centerstar Asset 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.

Centerstar Asset Management: assets under management

The assets under management (AUM) of Centerstar Asset Management, LLC is $147.66 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $147.66 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $73.83 million each.

Centerstar Asset Management has custody of $147.66 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Centerstar Asset Management, LLC 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 Centerstar Asset Management serves?

The only and largest group of clients of Centerstar Asset Management is pooled investment vehicles with 2 clients and $147.66 million of assets under management. Among the 11 most similar advisory firms, Centerstar Asset Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $147.66 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Centerstar Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $500,000.

Careers at Centerstar Asset Management, LLC

The company employs 5 people that are either part- or full-time employees. 80 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
George Orson Papa	Managing member	1 Jul 2014	Other	2595217
Llc Spiderrock Holdings	Owner	1 Jul 2014	75% - 100%	26-2244343
Brian Anthony Corby	Chief compliance officer	1 Jul 2017	Other	5688289
Michelin Aldridge Sloneker	Chief operating officer	1 Jul 2017	Other	6851628

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
George Orson Papa	Managing member	1 Jan 2013	50% - 75%	2595217

Based in Chicago

The principal office where Centerstar Asset Management, LLC performs its advisory services is located at 300 South Riverside Plaza, Chicago, IL 60606, 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 312-256-9627 or by fax 866-579-8803. The normal business hours are 08:00-16:00 on Monday - Friday. You can find more information about the New York firm at centerstaram.com.