Scopia Capital Management LP (New York)


Scopia Capital Management LP is a large advisory firm based in New York. It manages $7.21 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

Scopia Capital Management provides 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.

Scopia Capital Management: assets under management

The assets under management (AUM) of Scopia Capital Management LP is $7.21 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -26% since the beginning of its operation, and $3.13 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $7.21 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $480.58 million each.
Scopia Capital Management has custody of $4.04 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 89% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 11% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Scopia Capital Management LP 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 Scopia Capital Management serves?

The only and largest group of clients of Scopia Capital Management is pooled investment vehicles with 14 clients and $7.2 billion of assets under management. Among the 9 most similar advisory firms, Scopia Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $7.2 billion for 14 clients. 40% of the firm’s clients are foreign persons or businesses.

Scopia Capital Management also advises several private funds. Namely, twelve hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $200,000,000.

Careers at Scopia Capital Management LP

The company employs 47 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
Jeremy Hendrik Mindich Founding partner, managing director of general partner of scopia capital management lp 1 Mar 2001 Other 4614992
Matthew Ivan Sirovich Founding partner, managing director of general partner of scopia capital management lp 1 Apr 2001 25% - 50% 1727743
Joseph Ting Hong Yin Partner 1 Jan 2009 Other 5756466
Tajar Samuel Varghese Partner 1 Jan 2009 Other 5756473
Samantha Weisen Nasello Chief compliance officer, fund cfo 1 Mar 2009 Other 5055978
Ashutosh (Nmn) Tyagi Partner 1 Jan 2012 Other 4701319
Inc. Scopia Management General partner of scopia capital management lp 1 Mar 2012 Other 13-4162637
Aaron William Morse Partner, chief operating officer 1 Jun 2012 Other 4876720
Richard Scott Greeder Partner 1 Jan 2013 Other 6150734
Kenneth Quinn Fionda Partner 1 Jan 2013 Other 4558420
L.P. Dyal Capital Partners (A) Limited partner of scopia capital management lp 1 Jan 2013 Other 46-0525083
L.P. Dyal Capital Partners (B) Member of scopia capital gp llc 1 Jan 2013 Other 46-0525084
David Martin Wittels Partner 1 Mar 2013 Other 1569645
Mark Trigg Allan Partner 1 Jan 2016 Other 2998218
Jerome Jay Lande Partner 1 Jan 2018 Other 3135987
Brian Donald Johnson Partner 1 Jan 2018 Other 4244943

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Neuberger Berman Group Llc Managing member 1 May 2009 75% - 100% 61-1591182
Nb Alternatives Holdings Llc Managing member 1 May 2009 75% - 100% 80-0357916
Nb Dyal Associates Lp General partner 1 Feb 2010 Other 98-0657386
Nb Dyal Gp Holdings Llc General partner 1 Feb 2010 Other 27-2302165
Nb Alternatives Gp Holdings Llc Managing member 1 Feb 2010 75% - 100% 80-0357937

Based in New York

The principal office where Scopia Capital Management LP performs its advisory services is located at 152 West 57 Th Street, New York, NY 10019, 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 212-370-0303 or by fax 212-370-0404. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at scopiacapital.com and its LinkedIn profile.