Magnetar Financial LLC is a large advisory firm based in Evanston. It manages $23.73 billion of regulatory assets for 85 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Minnesota and Texas.
Magnetar Financial provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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.
The assets under management (AUM) of Magnetar Financial LLC is $23.73 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 15931% since the beginning of its operation, and $19.23 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Magnetar Financial 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.
The only and largest group of clients of Ross Laser is pooled investment vehicles with 85 clients and $23.73 billion of assets under management. Among the 9 most similar advisory firms, Magnetar Financial has the highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $23.73 billion for 85 clients. 81% of the firm’s clients are foreign persons or businesses.
Magnetar Financial also advises several private funds. Namely, eighty hedge funds and four private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $50,000,000.
The company employs 219 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 4 people 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.
Ross Laser has been acting as President since 1 Apr 2005. Ernest Rolland Rogers joined the executive team most recently as the Chief Financial Officer.
The principal office where Magnetar Financial LLC performs its advisory services is located at 1603 Orrington Avenue, Evanston, IL 60201, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 847-905-4400 or by fax 847-869-2064. The normal business hours are 8:30am-5:30pm on Monday - Friday. You can find more information about the New York firm at magnetar.com/.