Water Island Capital,LLC is a large advisory firm based in New York. It manages $3.01 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2012.
Water Island Capital provides portfolio management for investment companies and 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.
The assets under management (AUM) of Water Island Capital,LLC is $3.01 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 34% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
The advisory firm has several streams of revenue. Clients pay Water Island Capital,LLC 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.
The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Water Island Capital is investment companies with 7 clients and $2.88 billion of assets under management. Among the 8 most similar advisory firms, Water Island Capital has the highest percentage of investment companies out of all clients.
The amount of regulatory assets under management is $3.01 billion for 10 clients. None of the firm’s clients are foreign persons or businesses.
Water Island Capital also advises several private funds. Namely, two hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $250,000 to $50,000,000.
The company employs 43 people that are either part- or full-time employees. 37 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.
The principal office where Water Island Capital,LLC performs its advisory services is located at 41 Madison Avenue, New York, NY 10010 2202, 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 800-560-8210 or by fax 646-513-2642. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at arbitragefunds.com.