Three Bays Capital LP (Boston)

Name: Three Bays Capital LP
Address: 222 Berkeley Street, Boston, MA, 02116
Telephone: 617-954-1400

Three Bays Capital LP is a large advisory firm based in Boston. It manages $1.6 billion of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Massachusetts.

Three Bays Capital 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.

Three Bays Capital: assets under management

The assets under management (AUM) of Three Bays Capital LP is $1.6 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 50% since the beginning of its operation, and $1.6 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.6 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $532.94 million each.

Three Bays Capital has custody of $1.19 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 Three Bays Capital 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 Three Bays Capital serves?

The only and largest group of clients of Three Bays Capital is pooled investment vehicles with 3 clients and $1.6 billion of assets under management. Among the 9 most similar advisory firms, Three Bays Capital has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.6 billion for 3 clients. 67% of the firm’s clients are foreign persons or businesses.

Three Bays Capital also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Three Bays Capital LP

The company employs 13 people that are either part- or full-time employees. 31 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.

Matthew Keith Sidman has served as the Chief Investment Officer since 1 Feb 2013. The Nebraska Trust Ii joined the executive team most recently as the Limited Partner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Tbc Gp Llc	General partner	1 Feb 2013	Other	46-2138390
Matthew Keith Sidman	Limited partner/managing partner/chief investment officer	1 Feb 2013	50% - 75%	2522356
Joshua Peter Gold	Chief operating officer	1 Apr 2013	Other	2517711
Martha Alice Mensoian	General counsel/chief compliance officer	1 Jul 2013	Other	5868192
Joe Francis Gigliotti	Chief financial officer	1 Sep 2013	Other	5775573
Matthew Keith Sidman	Managing member - tbc partners gp llc (relying adviser)	1 Sep 2013	75% - 100%	2522356
The Nebraska Trust Ii	Limited partner	1 Oct 2013	25% - 50%	46-7072245
Paula Leventhal Sidman	Trustee - the nebraska trust ii	1 Oct 2013	25% - 50%	6265536
Hope (Nmn) Sidman	Trustee - the nebraska trust ii	1 Oct 2013	25% - 50%	6265537
John Robert Casey	Trustee - the nebraska trust ii	1 Oct 2013	25% - 50%	5934316

Based in Boston

The principal office where Three Bays Capital LP performs its advisory services is located at 222 Berkeley Street, Boston, MA 02116, 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 617-954-1400 or by fax 617-954-1401. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at threebayscapital.com.