Clough Capital Partners, LP (Boston)

Clough Capital Partners, LP is a large advisory firm based in Boston. It manages $1.83 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of Alabama and Massachusetts.

Clough Capital Partners provides portfolio management for investment companies, 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.

Clough Capital Partners: assets under management

The assets under management (AUM) of Clough Capital Partners, LP is $1.83 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 662% since the beginning of its operation, and $161.99 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.83 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $152.59 million each.

Clough Capital Partners has custody of $75.93 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 34% of the total AUM. The second-largest asset type is government bonds, which make up 20% of the firm’s portfolio. Investments in investment grade corporate bonds form 17% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clough Capital Partners, 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 Clough Capital Partners serves?

The firm provides services to investment companies, charitable organizations, and pooled investment vehicles. The largest group of clients of Clough Capital Partners is investment companies with 5 clients and $1.07 billion of assets under management. Among the 10 most similar advisory firms, Clough Capital Partners has the 2nd highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.83 billion for 12 clients. 17% of the firm’s clients are foreign persons or businesses.

Clough Capital Partners also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $2,000,000.

Careers at Clough Capital Partners, LP

The company employs 22 people that are either part- or full-time employees. 45 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
Llc Clough Capital Partners	General partner	1 Sep 1999	Other	04-3486478
Charles Ingalls Clough	Chief executive officer, portfolio manager, limited partner	1 Sep 1999	Other	2545250
James Canty	Limited partner, portfolio manager	1 Sep 1999	Other	4794338
Eric Ashley Brock	Limited partner, portfolio manager	1 Sep 1999	Other	2929748
Daniel Joseph Gillis	Chief compliance officer	1 May 2004	Other	2044327
John A Ritacco	Chief financial officer	1 Jan 2011	Other	6025576
Clough G2 Investments Llc	Limited partner	1 May 2011	Other	27-3932749
Clough Cgi Llc	Limited partner	1 May 2011	25% - 50%	27-3932854
Charles I. Clough Jr. Trust Of 2009	Limited partner	1 Nov 2012	Other	xxx-xx-xxxx
Miriam Susan Gross	General counsel	1 Dec 2013	Other	6318912
Austin Mcclintock	Chief financial officer/chief operating officer	1 Oct 2015	Other	5930472
James E. Canty Trust Of 2012	Limited partner	1 Dec 2016	Other	xxx-xx-xxxx
Stephen Edward Shorey	Chief financial officer	1 Mar 2018	Other	6023713
John Elliott Kowaleski	Chief financial officer	1 Jul 2019	Other	7161761

Indirect Owners

The SEC currently registers 9 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Charles Ingalls Clough	Manager, owner	1 May 2011	75% - 100%	2545250
James E. Canty	Trustee	1 Jan 2012	75% - 100%	xxx-xx-xxxx
Charles Ingalls Clough	Trustee	1 Nov 2012	Other	2545250
Kristin Marie Canty	Trustee	1 Apr 2017	75% - 100%	6801196
James E. Canty Trust Of 2012	Member	1 Apr 2017	Other	xxx-xx-xxxx
Byron Ewart Woodman	Trustee	1 Apr 2017	Other	4385779
Sara A Wells	Trustee	1 Feb 2018	Other	6932815
Charles Ingalls Clough	Trustee	1 Nov 2018	Other	2545250
John David Asadoorian	Trustee	1 Nov 2018	Other	3163504

Based in Boston

The principal office where Clough Capital Partners, LP performs its advisory services is located at 53 State Street, Boston, MA 02109, 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 617-204-3400 or by fax 617-790-1509. The normal business hours are 8:00 - 5:00 on Monday - Friday.