Glendon Capital Management L.P. (Santa Monica)

Glendon Capital Management L.P. is a large advisory firm based in Santa Monica. It manages $1.92 billion of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of California.

Glendon Capital Management provides portfolio management for pooled investment vehicles and college endowment. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Glendon Capital Management: assets under management

The assets under management (AUM) of Glendon Capital Management L.P. is $1.92 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -33% since the beginning of its operation, and $1.41 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.92 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $640.42 million each.

Glendon Capital Management has custody of $1.19 billion in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 47% of the total AUM. The second-largest asset type is exchange traded securities, which make up 24% of the firm’s portfolio. Investments in other assets form 24% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Glendon Capital Management L.P. 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 Glendon Capital Management serves?

The only and largest group of clients of Glendon Capital Management is pooled investment vehicles with 2 clients and $1.78 billion of assets under management. Among the 12 most similar advisory firms, Glendon Capital Management has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.78 billion for 2 clients. 33% of the firm’s clients are foreign persons or businesses.

Glendon Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Glendon Capital Management L.P.

The company employs 20 people that are either part- or full-time employees. 70 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
Glendon Capital Management Llc	General partner	1 Oct 2012	Other	46-13844953
Matthew Scott Barrett	Limited partner, managing director	1 Oct 2012	50% - 75%	5257827
Holly Hyunjin Kim	Limited partner, managing director	1 Oct 2012	Other	2532639
Michael Curry Montgomery	Chief compliance officer	1 Oct 2012	Other	838794
Eitan Jacob Simon Melamed	Limited partner, managing director	1 Apr 2013	Other	4574024
Brian D Berman	Limited partner, managing director	1 Apr 2013	Other	5279745
David John Poulten	Chief operating officer	1 Sep 2013	Other	5902912
Glendon Employee Company M Lp	Limited partner	1 Apr 2015	Other	38-3969684
Michael Joseph Keegan	Limited partner, managing director	1 May 2016	Other	2023262

Based in Santa Monica

The principal office where Glendon Capital Management L.P. performs its advisory services is located at 1620 26 Th Street, Santa Monica, CA 90404 4045, 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 310-907-0450 or by fax 310-828-5747. The normal business hours are 8:00 a.m. - 5:00 p.m. on Monday - Friday.