Magnetar Financial LLC (Evanston)

Name: Magnetar Financial LLC
Address: 1603 Orrington Avenue, Evanston, IL, 60201
Telephone: 847-905-4400

Magnetar Financial LLC is a large advisory firm based in Evanston. It manages $23.73 billion of regulatory assets for 85 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Minnesota and Texas.

Magnetar Financial provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Magnetar Financial: assets under management

The assets under management (AUM) of Magnetar Financial LLC is $23.73 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 15931% since the beginning of its operation, and $19.23 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $23.73 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $279.13 million each.

Magnetar Financial has custody of $20.07 billion in cash and securities for 82 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Magnetar Financial LLC 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 Ross Laser serves?

The only and largest group of clients of Ross Laser is pooled investment vehicles with 85 clients and $23.73 billion of assets under management. Among the 9 most similar advisory firms, Magnetar Financial has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $23.73 billion for 85 clients. 81% of the firm’s clients are foreign persons or businesses.

Magnetar Financial also advises several private funds. Namely, eighty hedge funds and four private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $50,000,000.

Careers at Magnetar Financial LLC

The company employs 219 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

Ross Laser has been acting as President since 1 Apr 2005. Ernest Rolland Rogers joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Alec Litowitz	Chief executive officer	1 Apr 2005	Other	1703284
Ross Laser	President	1 Apr 2005	Other	2353109
Magnetar Capital Partners Lp	Sole member	1 Apr 2005	75% - 100%	20-2571205
Eric Jonathan Scheyer	Management committee member	1 Apr 2005	Other	1747238
Magnetar Capital Parnters Lp	Sole member	1 Apr 2005	75% - 100%	20-2571205
Magnetar Capital Partners Llc	Member	1 Apr 2005	75% - 100%	20-2571205
Paul Smith	General counsel	1 May 2005	Other	4117531
Michael Turro	Chief compliance officer	1 Jun 2005	Other	2030746
David Kenneth Pritsker	Chief financial officer	1 Jul 2005	Other	2604180
Peter Gustavo Streinger	Chief operating officer	1 Oct 2006	Other	4371048
David Jay Snyderman	Management committee member	1 Jul 2007	Other	3109977
Matthew B Hinerfeld	Chief legal officer	1 Jul 2008	Other	4279368
Michael Andrew Carter	Chief operating officer	1 Aug 2008	Other	2309560
Paul Smith	Chief legal officer	1 Mar 2010	Other	4117531
Karl D Wachter	General counsel	1 Apr 2010	Other	713835
Karl J Wachter	General counsel	1 Apr 2010	Other	713835
Anthony Edward Fox	Chief financial officer	1 May 2012	Other	4510167
Eric Jonathan Felder	Management committee member	1 Jul 2015	Other	2391773
Benjamin Michael Paull	Chief financial officer	1 Jul 2016	Other	4747112
Ernest Rolland Rogers	Chief operating officer	1 Oct 2016	Other	4784371
Ernest Rolland Rogers	Chief financial officer	1 Apr 2019	Other	4784371

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Alec Litowitz	Manager	1 Sep 2005	75% - 100%	1703284
Ross Laser	Owner	1 Sep 2005	25% - 50%	2353109
Supernova Management Llc	Sole member	1 Sep 2005	75% - 100%	20-3420690
Alec Litowitz	Manager	1 Apr 2006	50% - 75%	1703284
Ross Laser	Member	1 Apr 2006	25% - 50%	2353109
Supernova Management Llc	General partner	1 Apr 2006	Other	20-3420690
Ll Nova Investments Llc	Limited partner	1 Apr 2006	50% - 75%	20-8112745

Based in Evanston

The principal office where Magnetar Financial LLC performs its advisory services is located at 1603 Orrington Avenue, Evanston, IL 60201, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847-905-4400 or by fax 847-869-2064. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at magnetar.com/.