Hudson Structured Capital Management Ltd. (Stamford)


Hudson Structured Capital Management Ltd. is a large advisory firm based in Stamford. It manages $1.29 billion of regulatory assets for 97 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Connecticut.

Hudson Structured Capital Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and co-investment opportunities for corporations, advisers and high net worth individuals. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hudson Structured Capital Management: assets under management

The assets under management (AUM) of Hudson Structured Capital Management Ltd. is $1.29 billion. The firm's AUM has grown by 415% since the beginning of its operation, and $1.08 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.22 billion in discretionary accounts and $64.97 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $13.74 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $8.12 million.
Hudson Structured Capital Management has custody of $622.61 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 39% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 32% of the firm’s portfolio. Investments in non-exchange traded securities form 29% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hudson Structured Capital Management Ltd. for their services and products based on a percentage of assets under management, fixed fees, 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 Hudson Structured Capital Management serves?

The only and largest group of clients of Hudson Structured Capital Management is pooled investment vehicles with 13 clients and $1.21 billion of assets under management. Among the 10 most similar advisory firms, Hudson Structured Capital Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.21 billion for 13 clients. 38% of the firm’s clients are foreign persons or businesses.

Hudson Structured Capital Management also advises several private funds. Namely, nine other private funds. The minimum investment commitment required of non-related persons ranges from $0 to $200,000,000.

Careers at Hudson Structured Capital Management Ltd.

The company employs 25 people that are either part- or full-time employees. 72 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


Name Entity Date acquired Ownership Employer ID
Hudson Structured Capital Management Lp Shareholder 1 Jan 2016 75% - 100% 98-1285699
Michael John Millette Chairman, managing partner, director 1 Jan 2016 Other 2578486
David Stafford Andrews Managing partner, transport; director 1 Jan 2016 Other 4035685
Carlo Anthony Desantis Chief financial officer 1 Jan 2016 Other 6614910
Edouard Von Herberstein Partner; chief underwriting officer, hscm bermuda 1 Jan 2016 Other 6614996
Timothy Tetlow Partner; chief operating officer, hscm bermuda 1 Jan 2016 Other 6591165
Timothy Nmn Tetlow Partner; chief operating officer, hudson bermuda 1 Jan 2016 Other 6591165
David S. Andrews Managing partner, transport; director of the company 1 Jan 2016 Other 4035685
Stephen Robert Nelson General counsel & chief compliance officer 1 Jun 2016 Other 4413052
James Gabriel Mccormick Interim chief compliance officer 1 Jun 2017 Other 2059861
Ajay Mehra Chief compliance officer, partner and general counsel 1 Mar 2018 Other 4888834
Jason Lee Clayton Carne Partner, chief financial officer 1 May 2018 Other 7041430
Robert Steven Herlihy Chief compliance officer 1 Oct 2018 Other 5010103

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Michael John Millette Managing member 1 Jul 2015 75% - 100% 2578486
Hscm Gp Llc General partner 1 Jan 2016 Other 47-5209750

Based in Stamford

The principal office where Hudson Structured Capital Management Ltd. performs its advisory services is located at 2187 Atlantic Street, Stamford, CT 06902 5838, 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 203-975-4850. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at hscm.com.