Wishbone Management, LP (Chicago)

Wishbone Management, LP is a large advisory firm based in Chicago. It manages $696.67 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2016.

Wishbone 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.

Wishbone Management: assets under management

The assets under management (AUM) of Wishbone Management, LP is $696.67 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 0% since the beginning of its operation, and $106.73 million of the total AUM is attributable to clients outside of the United States.

The firm manages $696.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.17 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Wishbone Management, LP for their services and products based on 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 Wishbone Management serves?

The only and largest group of clients of Wishbone Management is pooled investment vehicles with 4 clients and $696.67 million of assets under management. Among the 8 most similar advisory firms, Wishbone Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $696.67 million for 4 clients. 75% of the firm’s clients are foreign persons or businesses.

Wishbone 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 Wishbone Management, LP

The company employs 25 people that are either part- or full-time employees. 20 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 Brooks Harris	Managing member	1 Feb 2007	50% - 75%	3271614
Wishbone Management Gp Llc	General partner	1 Feb 2007	Other	11-3804881
The John Harris 2004 Descendants Trust	Limited partner	1 Feb 2007	Other	13-7421533
Michael Nachum Sloyer	Cco	1 Jan 2014	Other	5489166
Michael N Sloyer	Cco	1 Jan 2014	Other	5489166

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Brooks Harris	Trustee	1 May 2004	Other	3271614
King William Wishbone Harris	Trustee	1 May 2004	Other	6636966

Based in Chicago

The principal office where Wishbone Management, LP performs its advisory services is located at 444 West Lake Street, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-265-5566 or by fax 312-265-5561. The normal business hours are 9:00am - 5:00pm on Monday - Friday.