Mudrick Capital Management, LP (New York)

Name: Mudrick Capital Management, LP
Address: 527 Madison Avenue, New York, NY, 10022
Telephone: 646-747-9500

Mudrick Capital Management, LP is a large advisory firm based in New York. It manages $2.42 billion of regulatory assets for 40 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdictions of Delaware and New York.

Mudrick Capital Management provides portfolio management for individuals and small businesses, 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.

Mudrick Capital Management: assets under management

The assets under management (AUM) of Mudrick Capital Management, LP is $2.42 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1099% since the beginning of its operation, and $765.7 million of the total AUM is attributable to clients outside of the United States.

The firm manages $2.42 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $60.48 million each.

Mudrick Capital Management has custody of $1.22 billion in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 50% of the total AUM. The second-largest asset type is other assets, which make up 20% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mudrick Capital Management, 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 Janet Joyce Arzt serves?

The firm provides services to high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Janet Joyce Arzt is pooled investment vehicles with 22 clients and $1.7 billion of assets under management. Among the 8 most similar advisory firms, Mudrick Capital Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.72 billion for 34 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 38% of the firm’s clients are foreign persons or businesses.

Mudrick Capital Management also advises several private funds. Namely, six hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $5,000,000.

Careers at Mudrick Capital Management, LP

The company employs 25 people that are either part- or full-time employees. 48 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.

Janet Joyce Arzt has been acting as President since 1 Jan 2019. John Alexander Ocallaghan joined the executive team most recently as the General Counsel, Chief Compliance Officer & Corporate Secretary.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Glenn David Springer	Chief compliance officer & chief financial officer	1 Jun 2009	Other	4283454
Jason Ben Mudrick	President, chief investment officer & limited partner	1 Jun 2009	75% - 100%	4281851
Llc Mudrick Capital Management	General partner	1 Jun 2009	Other	26-4178130
Jae Hong	Chief operating officer	1 Aug 2012	Other	5698183
Trevor S Wiessmann	General counsel & chief compliance officer	1 May 2015	Other	5636108
Glenn David Springer	Chief compliance officer & corporate secretary	1 May 2017	Other	4283454
John Alexander Ocallaghan	General counsel, chief compliance officer & corporate secretary	1 Jul 2017	Other	5673246
Janet Joyce Arzt	President	1 Jan 2019	Other	5178860

Based in New York

The principal office where Mudrick Capital Management, LP performs its advisory services is located at 527 Madison Avenue, New York, NY 10022, 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 646-747-9500 or by fax 646-747-9540. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at mudrickcapital.com.