Reservoir Operations, L.P. (New York)

Reservoir Operations provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Reservoir Operations: assets under management

The assets under management (AUM) of Reservoir Operations, L.P. is $2.94 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -47% since the beginning of its operation, and $2.2 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.94 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.44 million each.

Reservoir Operations has custody of $2.94 billion in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Reservoir Operations, L.P. 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 Reservoir Operations serves?

The only and largest group of clients of Reservoir Operations is pooled investment vehicles with 15 clients and $2.94 billion of assets under management. Among the 10 most similar advisory firms, Reservoir Operations has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.94 billion for 15 clients. 62% of the firm’s clients are foreign persons or businesses.

Reservoir Operations also advises several private funds. Namely, thirteen hedge funds.

Careers at Reservoir Operations, L.P.

The company employs 22 people that are either part- or full-time employees. 55 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.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 20 indirect owners.

Based in New York

The principal office where Reservoir Operations, L.P. performs its advisory services is located at 767 Fifth Avenue, New York, NY 10153, 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 212-610-9000 or by fax 212-610-9001. The normal business hours are 9 am - 6 pm on Monday - Friday. You can find more information about the New York firm at reservoircap.com/.

Registered investment advisers similar to Reservoir Operations, L.P.

• Independent Financial Group
• Fairpointe Capital
• Green Square Capital
• J.H. Whitney Investment Management
• Valley Forge Asset Management Corp
• Semper Capital Management
• Lubert Adler Management Company
• Halcyon Offshore Asset Management
• Inverness Counsel
• Leading Edge Investment Advisors
• Brascan Strategic Asset Management
• Metlife Investment Funds Management
• A.R.T. Advisors
• Beacon Investment Advisory Services
• Usca Ria