Rubric Capital Management LP (New York)

Rubric Capital Management LP is a large advisory firm based in New York. It manages $1.51 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2016.

Rubric Capital Management provides 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.

Rubric Capital Management: assets under management

The assets under management (AUM) of Rubric Capital Management LP is $1.51 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 160% since the beginning of its operation, and $1.25 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.51 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $376.82 million each.

Rubric Capital Management has custody of $1.29 billion in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rubric Capital Management 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 Rubric Capital Management serves?

The only and largest group of clients of Rubric Capital Management is pooled investment vehicles with 4 clients and $1.51 billion of assets under management. Among the 11 most similar advisory firms, Rubric Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.51 billion for 4 clients. 75% of the firm’s clients are foreign persons or businesses.

Rubric Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Rubric Capital Management LP

The company employs 11 people that are either part- or full-time employees. 73 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
Rubric Capital Management Gp Llc	General partner	1 Mar 2016	Other	81-2248116
David Efrain Rosen	Limited partner	1 Mar 2016	75% - 100%	2500231
David Efraim Rosen	Limited partner	1 Mar 2016	75% - 100%	2500231
Chanan Michael Nachmani	Chief operating officer/ chief compliance officer	1 Jul 2016	Other	2773718
Brian Wolf Kleinhaus	Chief compliance officer	1 Mar 2018	Other	6345863
Margaret Kossakowski	Chief financial officer	1 Jan 2019	Other	7085091

Based in New York

The principal office where Rubric Capital Management LP performs its advisory services is located at 767 Third Ave, New York, NY 10017, 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 212-418-1888. The normal business hours are 9am - 5.30pm on Monday - Friday.