1060 Capital, LLC (Chicago)

Name: 1060 Capital, LLC
Address: 415 N. Lasalle Street, Chicago, IL, 60654
Telephone: 312-361-3360

1060 Capital, LLC is a large advisory firm based in Chicago. It manages $327.12 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Illinois.

1060 Capital provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

1060 Capital: assets under management

The assets under management (AUM) of 1060 Capital, LLC is $327.12 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 680% since the beginning of its operation, and $41.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $327.12 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $163.56 million each.

Investments

The firm invests in exchange traded securities the most. They account for 71% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 29% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay 1060 Capital, 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 1060 Capital serves?

The only and largest group of clients of 1060 Capital is pooled investment vehicles with 1 clients and $285.62 million of assets under management. Among the 9 most similar advisory firms, 1060 Capital has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $285.62 million for 1 clients. 50% of the firm’s clients are foreign persons or businesses.

1060 Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $250,000 for each fund.

Careers at 1060 Capital, LLC

The company employs 7 people that are either part- or full-time employees. 86 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
Brian John Gustavson	President and managing member	1 May 2013	75% - 100%	2927419
Andrew M Haley	Cco and coo	1 May 2013	Other	4523224
Andrew Michael Haley	Cco and coo	1 May 2013	Other	4523224

Based in Chicago

The principal office where 1060 Capital, LLC performs its advisory services is located at 415 N. Lasalle Street, Chicago, IL 60654, 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 312-361-3360 or by fax 312-361-3587. The normal business hours are 8am - 5pm on Monday - Friday. You can find more information about the New York firm at 1060capitalmanagement.com.