Old Orchard Capital Management LP (New York)

Old Orchard Capital Management LP is a large advisory firm based in New York. It manages $1.28 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2014.

Old Orchard Capital Management provides 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.

Old Orchard Capital Management: assets under management

The assets under management (AUM) of Old Orchard Capital Management LP is $1.28 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 531% since the beginning of its operation, and $720.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.28 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $255.61 million each.

Investments

The firm invests in state and local bonds the most. They account for 96% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 3% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Old Orchard Capital Management 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 Old Orchard Capital Management serves?

The only and largest group of clients of Old Orchard Capital Management is pooled investment vehicles with 2 clients and $1.1 billion of assets under management. Among the 9 most similar advisory firms, Old Orchard Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.1 billion for 2 clients. 25% of the firm’s clients are foreign persons or businesses.

Old Orchard Capital 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 Old Orchard Capital Management LP

The company employs 10 people that are either part- or full-time employees. 100 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
Lawrence Robert Fox	Managing partner and chief compliance officer	1 Jan 2014	25% - 50%	713685
Ross Michael Jackman	Managing partner and senior portfolio manager	1 Jan 2014	50% - 75%	2250891
Old Orchard Capital Management Gp Llc	General partner	1 Jan 2014	Other	46-4823200
David Charles Ashear	Chief compliance officer	1 Aug 2016	Other	4999189

Based in New York

The principal office where Old Orchard Capital Management LP performs its advisory services is located at 340 Madison Avenue, Suite 3 B, New York, NY 10173, 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 212-848-0756. The normal business hours are 08:00 to 17:00 on Monday - Friday.