Garda Capital Partners LP (Minneapolis)


Garda Capital Partners LP is a large advisory firm based in Minneapolis. It manages $57.51 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdictions of Minnesota and New York.

Garda Capital Partners 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.

Garda Capital Partners: assets under management

The assets under management (AUM) of Garda Capital Partners LP is $57.51 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -19% since the beginning of its operation, and $57.51 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $57.51 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $14.38 billion each.
Garda Capital Partners has custody of $57.51 billion in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Garda Capital Partners LP 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 Garda Capital Partners serves?

The only and largest group of clients of Garda Capital Partners is pooled investment vehicles with 4 clients and $57.51 billion of assets under management. Among the 10 most similar advisory firms, Garda Capital Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $57.51 billion for 4 clients. 75% of the firm’s clients are foreign persons or businesses.

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

Careers at Garda Capital Partners LP

The company employs 67 people that are either part- or full-time employees. 42 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.

Jeffrey Steven Drobny has served as the Chief Investment Officer since 1 Sep 2015. Gcp Acquisition Llc joined the executive team most recently as the Limited Partner.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Garda Gp Llc General partner 1 Sep 2015 Other 47-5223136
Jeffrey Steven Drobny Limited partner/chief investment officer 1 Sep 2015 25% - 50% 1970524
Timothy James Magnusson Limited partner 1 Sep 2015 25% - 50% 6593821
Robert Goedken Limited partner/chief operating officer 1 Sep 2015 Other 5026473
Thomas C Wagner Chief compliance officer 1 Jan 2016 Other 2692644
Christine A Kittiko Controller 1 Jan 2016 Other 2507345
Christine A Kittiko Van Eeckhout Controller 1 Jan 2016 Other 2507345
Patrick Reilly Shane Chief compliance officer 1 Feb 2018 Other 6723088
Garda Management Lp Limited partner 1 May 2019 75% - 100% 61-1930058
Gcp Acquisition Llc Limited partner 1 Jul 2019 Other 04-3218510

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Inc. Affiliated Managers Group Member 1 Jan 2017 75% - 100% 04-3218510
Garda Gp Llc General partner 1 Apr 2019 Other 47-5223136
Jeffrey Steven Drobny Limited partner 1 Apr 2019 25% - 50% 1970524
Timothy James Magnusson Limited partner 1 Apr 2019 25% - 50% 6593821
Garda Holdings Lp Limited partner 1 May 2019 75% - 100% 37-1942054

Based in Minneapolis

The principal office where Garda Capital Partners LP performs its advisory services is located at 90 South 7 Th Street, Minneapolis, MN 55402, 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 612-330-4900 or by fax 612-330-4910. The normal business hours are 8:00 am - 5:00pm on Monday - Friday. You can find more information about the New York firm at gardacp.com.