Pennant Capital Management, LLC (Summit)

Pennant Capital Management, LLC is a large advisory firm based in Summit. It manages $265.99 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of New Jersey and New York.

Pennant 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.

Pennant Capital Management: assets under management

The assets under management (AUM) of Pennant Capital Management, LLC is $265.99 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -95% since the beginning of its operation, and $138.94 million of the total AUM is attributable to clients outside of the United States.

The firm manages $265.99 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $44.33 million each.

Fees & Commissions

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

The only and largest group of clients of Pennant Capital Management is pooled investment vehicles with 6 clients and $265.99 million of assets under management. Among the 8 most similar advisory firms, Pennant Capital Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $265.99 million for 6 clients. 67% of the firm’s clients are foreign persons or businesses.

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

Careers at Pennant Capital Management, LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Alan Philip Fournier	Managing member	1 Jul 2001	75% - 100%	1908418
Keith John Richardson	Chief financial officer	1 Jan 2002	Other	2268210
Dominic Antonio Giafaglione	Chief compliance officer	1 Aug 2010	Other	6029415
Joerg (Nmn) Diedrich	Portfolio manager	1 Aug 2010	Other	6029417
Lee (Nmn) Atzil	Portfolio manager	1 Aug 2010	Other	6029418
Christine Mccann Hamner	Chief operating officer	1 Dec 2015	Other	2923137
Laura Marie Devito	General counsel/chief compliance officer	1 May 2016	Other	6028607
Lp Pennant Capital Partners	Managing member	1 Jan 2017	75% - 100%	22-381-1926
Mark Joseph Plevniak	Chief compliance officer & director of operations	1 Jun 2019	Other	7144269

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Pennant Capital Partners (Gp)	General partner	1 Jan 2017	Other	81-4653159
Alan Philip Fournier	Limited partner of pennant capital partners, lp and managing member of pennant capital partners (gp), llc	1 Jan 2017	75% - 100%	1908418

Based in Summit

The principal office where Pennant Capital Management, LLC performs its advisory services is located at 535 Springfield Avenue, Summit, NJ 07901, 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 908-516-5800. The normal business hours are 8:30 - 5:30 on Monday - Friday.