Gtis Partners LP (New York)

Name: Gtis Partners LP
Address: 787 Seventh Avenue, New York, NY, 10019
Telephone: 212-220-5200

Gtis Partners LP is a large advisory firm based in New York. It manages $3.6 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California, Georgia, and New York.

Gtis Partners provides portfolio management for pooled investment vehicles and investment management for separate account(s). It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gtis Partners: assets under management

The assets under management (AUM) of Gtis Partners LP is $3.6 billion. The firm's AUM has grown by 144% since the beginning of its operation, and $1.13 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $3.26 billion in discretionary accounts and $338.44 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $74.05 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $169.22 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 99% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 1% of the firm’s portfolio. Investments in other assets form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gtis Partners 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 Gtis Partners serves?

The only and largest group of clients of Gtis Partners is pooled investment vehicles with 31 clients and $3.12 billion of assets under management. Among the 6 most similar advisory firms, Gtis Partners has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.12 billion for 31 clients. 30% of the firm’s clients are foreign persons or businesses.

Gtis Partners also advises several private funds. Namely, one hedge fund and thirty one real estate funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $5,000,000.

Careers at Gtis Partners LP

The company employs 96 people that are either part- or full-time employees. 88 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
Thomas Murray Shapiro	President / chief investment officer	1 Feb 2005	Other	5051365
Insite Partners Lp	General partner / limited partner	1 Feb 2005	75% - 100%	20-3087597
Goldentree Asset Management	Special limited partner	1 Feb 2005	Other	13-4118850
Goldentree Asset Management Lp	Special limited partner	1 Feb 2005	Other	13-4118850
Joshua Harris Pristaw	Senior managing director	1 May 2005	Other	5924608
Robert Karnig Vahradian	Senior managing director	1 Oct 2006	Other	2354540
William Genaro Cisneros	Senior managing director	1 Oct 2007	Other	4426849
Joao Rodrigues Teixeira	Senior managing director	1 Dec 2007	Other	5928917
Grace W Cheng	Managing director / chief financial officer	1 Jun 2008	Other	2806609
Steven Gorey	Chief compliance officer / chief administrative officer / managing director	1 Jan 2010	Other	5309741
Thomas Mark Feldstein	Chief operating officer / general counsel/ managing director	1 Mar 2012	Other	6047730
Amy Beth Boyle	Managing director / chief financial officer	1 Jun 2014	Other	6348975
Amy Beth Boyle	Chief compliance officer	1 Mar 2016	Other	6348975

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Steven Andrew Tananbaum	Ceo and chief investment officer	1 Mar 2000	25% - 50%	1553994
Insite Partners Gp Llc	General partner	1 Jan 2007	Other	27-4670753
Insite Incentive Vehicle Ii Llc	Limited partner	1 Dec 2007	50% - 75%	26-1558687
Insite Holdings B Llc	Manager and member	1 Dec 2007	50% - 75%	26-1558586
Insite Holdings Ii B Llc	Member	1 Dec 2007	50% - 75%	26-1558749
Thomas Murray Shapiro	Manager and member	1 Dec 2007	75% - 100%	5051365
Thomas Shapiro 2007 Descendants Trust	Trust	1 Dec 2007	50% - 75%	13-7573773

Based in New York

The principal office where Gtis Partners LP performs its advisory services is located at 787 Seventh Avenue, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in San Fransico, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-220-5200 or by fax 212-220-5296. The normal business hours are 9am to 6pm on Monday - Friday. You can find more information about the New York firm at gtispartners.com.