Emerging Variant Capital Management, LP (New York)

Emerging Variant Capital Management, LP is a large advisory firm based in New York. It manages $163 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2018.

Emerging Variant 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.

Emerging Variant Capital Management: assets under management

The assets under management (AUM) of Emerging Variant Capital Management, LP is $163 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 262% since the beginning of its operation, and $6.6 million of the total AUM is attributable to clients outside of the United States.

The firm manages $163 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $32.6 million each.

Emerging Variant Capital Management has custody of $95 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in derivatives the most. They account for 36% of the total AUM. The second-largest asset type is exchange traded securities, which make up 33% of the firm’s portfolio. Investments in cash and cash equivalents form 31% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Emerging Variant 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 Emerging Variant Capital Management serves?

The only and largest group of clients of Emerging Variant Capital Management is pooled investment vehicles with 4 clients and $95 million of assets under management. Among the 11 most similar advisory firms, Emerging Variant Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $95 million for 4 clients. 50% of the firm’s clients are foreign persons or businesses.

Emerging Variant Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Emerging Variant Capital Management, LP

The company employs 3 people that are either part- or full-time employees. 67 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
Ev Capital Llc	General partner	1 Sep 2017	Other	82-3112767
Ronaldo Oliveira Lyrio	Cco/coo	1 Jan 2018	Other	2357877
Santiago Jariton Avila	Cio/limited partner	1 Jan 2018	75% - 100%	6902745

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Santiago Jariton Avila	Owner/managing member	1 Sep 2017	75% - 100%	6902745

Based in New York

The principal office where Emerging Variant Capital Management, LP performs its advisory services is located at 1270 Avenue Of The Americas, 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 646-757-9516. The normal business hours are 8am-5pm on Monday - Friday.