Tenor Capital Management Company, L.P. (New York)

Name: Tenor Capital Management Company, L.P.
Address: 810 Seventh Ave, New York, NY, 10019
Telephone: 212 918-5302

Tenor Capital Management Company, L.P. is a large advisory firm based in New York. It manages $3.04 billion of regulatory assets for 19 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New York.

Tenor Capital Management Company 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.

Tenor Capital Management Company: assets under management

The assets under management (AUM) of Tenor Capital Management Company, L.P. is $3.04 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 220% since the beginning of its operation, and $2.89 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.04 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $159.84 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tenor Capital Management Company, 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 Tenor Capital Management Company serves?

The only and largest group of clients of Tenor Capital Management Company is pooled investment vehicles with 19 clients and $3.04 billion of assets under management. Among the 6 most similar advisory firms, Tenor Capital Management Company has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.04 billion for 19 clients. 95% of the firm’s clients are foreign persons or businesses.

Tenor Capital Management Company also advises several private funds. Namely, five hedge funds and seven private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Tenor Capital Management Company, L.P.

The company employs 24 people that are either part- or full-time employees. 54 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
Robin Rajendra Shah	Limited partner	1 Jul 2004	Other	3258519
Alexander Crispen Robinson	Limited partner	1 Jul 2004	Other	2799183
Matthew Wall Starr	Chief compliance officer (adviser and relying adviser)	1 Jul 2004	Other	4161667
Xiuping Li	Limited partner	1 Jul 2004	Other	4427047
Llc Tenor Management Gp	General partner	1 Jul 2004	75% - 100%	20-1255214
Llc Talpiot Capital Management	Limited partner	1 Jul 2004	Other	56-2531679
Daniel Hillel Kochav	Limited partner	1 Jul 2004	Other	1439528
Llc Tenor Management Associates	Managing member - relying adviser	1 Jul 2004	75% - 100%	20-1255214
Talpiot Capital Management Llc	Member - relying adviser	1 Jan 2006	Other	56-2531679
Red Fort Llc	Limited partner	1 Dec 2007	Other	26-1575205
David Victor Kay	Limited partner	1 Jan 2017	Other	5555614
Llc Tenor Management Associates	Managing member - tenor opportunity associates ii, llc	1 May 2017	75% - 100%	20-1255214

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robin Rajendra Shah	Managing member - relying adviser	1 Jan 2004	75% - 100%	3258519
Daniel Hillel Kochav	Managing member	1 Jan 2006	75% - 100%	1439528
Robin Rajendra Shah	Managing member	1 Dec 2007	75% - 100%	3258519

Based in New York

The principal office where Tenor Capital Management Company, L.P. performs its advisory services is located at 810 Seventh Ave, New York, NY 10019, 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 212 918-5302 or by fax 212 214 0869. The normal business hours are 9:00am to 5pm on Monday - Friday. You can find more information about the New York firm at tenorcapital.com.