Shannon River Fund Management, LLC (New York)

Shannon River Fund Management, LLC is a large advisory firm based in New York. It manages $630.31 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2012.

Shannon River Fund Management provides portfolio management for investment companies and 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.

Shannon River Fund Management: assets under management

The assets under management (AUM) of Shannon River Fund Management, LLC is $630.31 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 44% since the beginning of its operation, and $548.47 million of the total AUM is attributable to clients outside of the United States.

The firm manages $630.31 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $70.03 million each.

Shannon River Fund Management has custody of $601.46 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Shannon River Fund Management, LLC 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 Shannon River Fund Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Shannon River Fund Management is pooled investment vehicles with 8 clients and $623.81 million of assets under management. Among the 9 most similar advisory firms, Shannon River Fund Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $630.31 million for 9 clients. 56% of the firm’s clients are foreign persons or businesses.

Shannon River Fund Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.

Careers at Shannon River Fund Management, LLC

The company employs 10 people that are either part- or full-time employees. 60 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
Spencer Marshal Waxman	Managing member	1 Nov 2002	75% - 100%	4771415
Robert L Zurl	Chief compliance officer and chief financial officer	1 Oct 2006	Other	2848086

Based in New York

The principal office where Shannon River Fund Management, LLC performs its advisory services is located at 850 Third Avenue, 13 Th Floor, New York, NY 10022, 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 212-331-6555 or by fax 212-331-6982. The normal business hours are 8am - 5pm on Monday - Friday.