Highline Capital Management, L.P. (New York)

Name: Highline Capital Management, L.P.
Address: One Rockefeller Plaza, New York, NY, 10020
Telephone: 212-332-2250

Highline Capital Management, L.P. is a large advisory firm based in New York. It manages $2.89 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2016.

Highline Capital Management 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.

Highline Capital Management: assets under management

The assets under management (AUM) of Highline Capital Management, L.P. is $2.89 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -21% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $2.89 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $222.1 million each.

Fees & Commissions

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

The only and largest group of clients of Highline Capital Management is pooled investment vehicles with 13 clients and $2.89 billion of assets under management. Among the 9 most similar advisory firms, Highline Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.89 billion for 13 clients. 54% of the firm’s clients are foreign persons or businesses.

Highline Capital Management also advises several private funds. Namely, seven hedge funds. The minimum investment commitment required of non-related persons ranges from $5,000,000 to $10,000,000.

Careers at Highline Capital Management, L.P.

The company employs 27 people that are either part- or full-time employees. 44 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
Jacob Wolf Doft	Ceo/partner/portfolio manager	1 Jun 1995	50% - 75%	2503774
Michael Lawrence Klarman	Chief financial officer/partner	1 Feb 2001	Other	5078353
Joseph Peter Saluti	Director of research/partner	1 Oct 2004	Other	5775694
Michael Lawrence Klarman	Chief compliance officer/partner	1 Jan 2006	Other	5078353
Howard Marc Singer	Chief operating officer/partner	1 May 2006	Other	2373853
Jonathan Goldberg	Senior analyst/partner	1 Jan 2010	Other	5900565
Steven Hoffman	Senior analyst/partner	1 Jan 2010	Other	5900567
Joseph Nehemiah Ainsberg	Senior analyst/partner	1 Jan 2012	Other	2388844
John Todd Carlson	Senior analyst/partner	1 Mar 2012	Other	2375246
Inc. Highline Capital Gp	General partner	1 Jan 2016	Other	81-1014895
Ellen Perkins Fitzgibbon	Chief compliance officer	1 Jan 2017	Other	6750676

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Jacob Wolf Doft	Director	1 Jan 2016	75% - 100%	2503774

Based in New York

The principal office where Highline Capital Management, L.P. performs its advisory services is located at One Rockefeller Plaza, New York, NY 10020, 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 212-332-2250 or by fax 212-332-2259. The normal business hours are 9:00am - 5:00pm on Monday - Friday. You can find more information about the New York firm at highlinecap.com.