Clarity Diversified Alternatives Portfolio Management Ltd. (New York)

Name: Clarity Diversified Alternatives Portfolio Management Ltd.
Address: 712 Fifth Avenue, New York, NY, 10019
Telephone: 212.610.2104

Clarity Diversified Alternatives Portfolio Management Ltd. is a related adviser based in New York. It manages $23.43 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2015.

Clarity Diversified Alternatives Portfolio Management provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, 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.

Clarity Diversified Alternatives Portfolio Management: assets under management

The assets under management (AUM) of Clarity Diversified Alternatives Portfolio Management Ltd. is $23.43 million. The firm's AUM has gone down by -52% since the beginning of its operation, and $13.16 million of the total AUM is attributable to clients outside of the United States.

The firm manages $20.59 million in discretionary accounts and $2.84 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $10.29 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $473.57 thousand.

Clarity Diversified Alternatives Portfolio Management has custody of $20.59 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Clarity Diversified Alternatives Portfolio Management Ltd. for their services and products based on a percentage of assets under management, fixed fees, 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 David Russ Steinhardt serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of David Russ Steinhardt is corporations or other businesses with 4 clients and $14.83 million of assets under management. Among the 3 most similar advisory firms, Clarity Diversified Alternatives Portfolio Management has the highest percentage of corporations or other businesses out of all clients.

The amount of regulatory assets under management is $23.43 million for 8 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 12% of the firm’s clients are foreign persons or businesses.

Clarity Diversified Alternatives Portfolio Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $500,000.

Careers at Clarity Diversified Alternatives Portfolio Management Ltd.

The company employs 9 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’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Russ Steinhardt has been acting as President since 1 Mar 2015. Adi Birk joined the executive team most recently as the Chief Compliance Officer And General Counsel.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kcps Clarity Capital Group	Shareholder	1 Mar 2015	75% - 100%	foreign entity
Eran Peleg	Director and shareholder	1 Mar 2015	Other	6028106
David Russ Steinhardt	Director	1 Mar 2015	Other	6027815
Tal Keinan	Director	1 Mar 2015	Other	6028099
Laurence Schreiber	Director	1 Mar 2015	Other	2389538
Jonathan Mark Silber	Director	1 Mar 2015	Other	1901284
Simona Cohen	Cfo	1 Mar 2015	Other	4941005
Adi Birk	Chief compliance officer and general counsel	1 Mar 2015	Other	6593115
Robert Kelly Doherty	Director	1 Mar 2015	Other	6602410
Adi Birk	Chief compliance officer and general counsel	1 May 2015	Other	6593115

Based in New York

The principal office where Clarity Diversified Alternatives Portfolio Management Ltd. performs its advisory services is located at 712 Fifth Avenue, New York, NY 10019, 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 212.610.2104 or by fax 646.304.9685. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at claritycap.com.