Panning Capital Management, LP (New York)

Panning Capital Management, LP is a large advisory firm based in New York. It manages $1.11 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of New York and Virginia.

Panning 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.

Panning Capital Management: assets under management

The assets under management (AUM) of Panning Capital Management, LP is $1.11 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 74% since the beginning of its operation, and $1.07 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.11 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.11 billion each.

Panning Capital Management has custody of $402.98 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Panning Capital Management, LP for their services and products based on a percentage of assets under management. 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 Panning Capital Management serves?

The only and largest group of clients of Panning Capital Management is pooled investment vehicles with 1 clients and $1.11 billion of assets under management. Among the 8 most similar advisory firms, Panning Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.11 billion for 1 clients. 67% of the firm’s clients are foreign persons or businesses.

Panning Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Panning Capital Management, LP

The company employs 13 people that are either part- or full-time employees. 46 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 Panning Holdings Gp	General partner	1 Apr 2012	Other	45-5187909
Kieran William Goodwin	Limited partner, co-founder, and portfolio manager	1 Apr 2012	25% - 50%	2170535
William Michael Kelly	Limited partner, co-founder, chief operating officer, and chief compliance officer	1 Apr 2012	Other	1799694
Franklin Spicer Edmonds	Co-managing partner and head of research	1 May 2013	25% - 50%	2790930
Oliver Josef Davey	Partner at relying adviser	1 Sep 2014	Other	6768683
Marina Isabel Loland	Partner at relying adviser	1 Mar 2016	Other	6768687

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Panning Capital Management Lp	Owner of relying adviser	1 May 2014	75% - 100%	80-0811834
Panning Uk A Ltd.	Direct owner and managing member of relying adviser	1 May 2014	75% - 100%	1683701063

Based in New York

The principal office where Panning Capital Management, LP performs its advisory services is located at 300 Park Avenue, New York, NY 10022 The mailing address of the firm is 300 Park Avenue, 12 Th Floor, New York, NY 10022. An additional office of the firm is in Charlottesville, VA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-916-1860 or by fax 212-916-1861. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.