Key Square Group LP (New York)


Key Square Group LP is a large advisory firm based in New York. It manages $3.87 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2015.

Key Square Group provides portfolio management for pooled investment vehicles and separately managed account. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Key Square Group: assets under management

The assets under management (AUM) of Key Square Group LP is $3.87 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 93% since the beginning of its operation, and $3.26 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.87 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $351.45 million each.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Key Square Group 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 Michael Walter Germino serves?

The only and largest group of clients of Michael Walter Germino is pooled investment vehicles with 10 clients and $3.27 billion of assets under management. Among the 8 most similar advisory firms, Key Square Group has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.27 billion for 10 clients. 84% of the firm’s clients are foreign persons or businesses.

Key Square Group also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at Key Square Group LP

The company employs 30 people that are either part- or full-time employees. 47 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.

Michael Walter Germino has been acting as President since 1 Oct 2015. Terence Stephen Aquino joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Key Square Gp Llc General partner 1 Oct 2015 Other 47-5316602
Scott Kenneth Homer Bessent Chief executive officer / chief investment officer 1 Oct 2015 75% - 100% 1403608
Michael Walter Germino President 1 Oct 2015 Other 4135440
Terence Stephen Aquino Chief financial officer 1 Jan 2016 Other 1932728
Nicole Brodsky Restivo Chief compliance officer 1 Jan 2016 Other 6607339

Based in New York

The principal office where Key Square Group LP performs its advisory services is located at 650 Madison Avenue, New York, NY 10022, 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 212-624-0550. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at keysq.com.