Magnetar Capital strives to deliver consistent, long-term risk-adjusted returns by investing in and across alternative asset classes. The estimated total pay for a Analyst at Magnetar Capital is $128,714 per year. The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest. Magnetar's existing management team will continue to hold the majority of the firm's equity and will maintain full operational control. Previously, Mr. Costin was an associate at Magnetar Capital, focused on portfolio financing and treasury services within the fixed income group. Transparency in Coverage Machine Readable Files. Grounded in nearly two decades of investing experience, we focus on delivering positive outcomes for our investors by seeking to generate consistent performance across a variety of market conditions through our . 2023 Magnetar Capital LLC. Represents total amount of capital returned to investors by Magnetar as a result of investments maturing or unavailability of appropriate investment opportunities; that is, capital returned to investors other than in response to investor redemption requests or any redemption made due to regulatory capacity constraints. Magnetar Financial LLC holdings changes, total fund size, and other information presented on HoldingsChannel.com was derived from Magnetar Financial LLC 13F filings. Since 2005, we have committed over $6 billion of capital in more than 60 private investments in companies throughout North America. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. The firm was founded in 2005 and invests in fixed income, energy, quantitative and event-driven strategies. The median AUM of the top 100 hedge funds is $25.67 billion. Your search entry did not return any results. All rights reserved. Access HF Report. SmartAsset Advisors, LLC ("SmartAsset"), a wholly owned subsidiary of Financial Insight Technology, is registered with the U.S. Securities and Exchange Commission as an investment adviser. FCA Required Disclosure re UK Stewardship Code. [38], As of 2018, energy continues to be an investment interest of the company, including a stake in Double Eagle Energy Holdings III Permian in Texas.[39]. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. We believe long-term results are predicated on developing repeatable investment approaches, powered by robust processes and infrastructure. Blackstone has been a supportive partner for nearly a decade, and this investment builds on that relationship. Since 2011, the team has completed transactions with more than 40 alternative asset managers. Download 13F Summary Senator Investment 9. 13F filing from MAGNETAR FINANCIAL LLC, enter your Assets Under Management (AUM) reflects approximate investor capital managed by Magnetar and its affiliated investment managers, on a discretionary and non-discretionary basis, including designated investments in side pockets and unfunded commitments (money committed to any fund managed by Magnetar and its affiliated investment managers as of the report date, but not yet transferred by the investors). Working with an adviser may come with potential downsides such as payment of fees (which will reduce returns). Chicago, IL 60601. Suite 3200 Our mission is to invest in high quality renewable and energy/infrastructure companies led by talented management teams including companies positioned to benefit from climate change, carbon reduction and energy efficiency initiatives. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. [15], Janet Tavakoli, a financial industry consultant, wrote in her 2008 book, "Structured Finance and Collateralized Debt Obligations", that Magnetar Capital's Constellation CDOs "seemed designed to fail". We appreciate your inquiry and will be in touch shortly! We seek to create a strategic advantage by institutionalizing our processes and structuring our investments to be resilient across a wide range of market environments. New York, NY 10017-4036, Chicago Office [5] With what some observers have referred to as the "Magnetar Trade", Magnetar Capital took long positions in the highest risk slices of synthetic collateralized debt obligations and hedged those positions by placing short bets on safer slices called mezzanine tranches via credit default swaps, which act similarly to an insurance policy. The firm has secondary offices in Texas, as well as an office in London. : Magnetar Capital is a leading alternative asset manager with offices in Evanston, Ill., New York, Houston and London. We celebrate the successes of our team that have fueled our growth as well as the failures that have served as catalysts for reinvention. . [29], Following the financial crisis, the firm pivoted into quantitative trading[1] and exploring new investments, including films, commercial jets, and real estate. 2023 Global Climate Survey - Are investors moving from aspiration to implementa, Valuing Banks: Hidden Losses Versus Assets, Research for Institutional Money Management, Global Fixed Income: Volatility and Uncertainty Here to Stay, For institutional investors, ETFs can make meeting liquidity needs easier, Gold: the most effective commodity investment, 2021 Investment Outlook | Investing Beyond the Pandemic: A Reset for Portfolios, Ten ways retirement plan professionals add value to plan sponsors. (847)905-4400 Your search entry did not return any results. Magnetar Capital Established in 2005 by Alec Litowitz and Ross Laser, Magnetar Capital has grown by more than five timesin terms of assets under managementsince its foundation. SmartAssets services are limited to referring users to third party advisers registered or chartered as fiduciaries ("Adviser(s)") with a regulatory body in the United States that have elected to participate in our matching platform based on information gathered from users through our online questionnaire. Average effective fee on AUM peaked at 50.3 bps in 2006 and in 2022 it was at 42.7 bps. Magnetar Capital, a hedge fund manager with $13.6 billion in assets under management, operates . You are limited to the prior 8 quarters of 13F filings. Antara Capital is a private investment firm that blends expertise with innovation in pursuit of opportunistic, event-driven investments across the . Blackstone Group acquired a minority equity interest in hedge fund Magnetar Capital Partners. ? We appreciate your inquiry and will be in touch shortly! UK Modern Slavery Act Transparency Statement. in accounting and finance from Indiana University's Kelley School of Business. Magnetar Capital announced today that Blackstone (NYSE:BX), through its Strategic Capital Holdings Fund, managed by Blackstone Alternative Asset Management (BAAM), has acquired a minority equity interest in Magnetar Capital Partners, the parent of Magnetars General Partner entity. There are no guarantees that working with an adviser will yield positive returns. [19][20][13] JP Morgan settled the lawsuit for $153.6 million in 2011. UK Modern Slavery Act Transparency Statement. They are specialists in their industries and experts in their coverage, building trusted relationships with many . Link to 13F filings: SEC filings. Total Avg . Citadel Investment Group 94.8%. Finepoint Capital 3. Magnetar invests heavily in the fixed-income and energy sectors. Leveraging our skill and practitioners experience, our Systematic Investing business attempts to capture return streams associated with traditional hedge fund strategies through rules-based, transparent and liquid strategies. Here's what I know: Magnetar Capital Founded in 2005 by a Citadel superstar. Victory Park's financing focus includes asset-backed opportunistic credit, insurance services, legal finance, special situations, and special purpose acquisitions. 14. Citadel Investment Group 94.8%. [3], The company has additional offices in New York City, London, England, Houston, Texas, and Minneapolis, Minnesota. EU Sustainable Finance Disclosure Regulation. Bill Kerr, global head of Sidley's Investment Funds practice, sat down with Alec Litowitz, founder and CEO of Magnetar Capital, to discuss Alec's career and the evolution of the firm, which has approximately US$13 billion of assets under management. But the record shows that in the hedge fund's "creative" pursuit of profit, popularity isn't necessarily a . All calculations involving partially realized and unrealized positions are based upon valuations attributable to those portfolio positions in accordance with ASC (Accounting Standards Codification) 820 and the application of Magnetars Fair Value Policy and corresponding procedures. Litowitz, whose Evanston hedge fund firm . Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Magnetar Financial is known for its heavy involvement incollateralized debt obligations (CDOs) prior to the global financial crisis of 2008. Sure they have done well but the question is if their investment process and returns will scale as they get more AUM or if the markets don't rip as much in the future. Magnetar Capital is an alternative asset management firm based in Evanston, Illinois. Mr. Costin earned his B.S. Fund AUM and Sold ($) 1700 1360 1020 680 340 0 2007 2012 2017 2023: Fund Details; Director: Custodian: Auditor: Marketer: Broker: Jurisdiction: Directors 2011 - 2019; Paul Smith: Michael Turro: Magnetar Capital 95.8%. Subscribe to WhaleWisdom to view all filing data Performance Direct links to the EDGAR source material. Graphic: For endowments and foundations, equities bring benefit, risk, Sponsored Content: Fixed Income: Navigating a Period of Transition, The Institutional Investors Guide to ESG Investing, The Plan Sponsor's Guide to Retirement Income, 2023 Defined Contribution East Conference. Our sector-aligned investment teams conduct deep fundamental research, developing an independent view on the companies they cover. Transparency in Coverage Machine Readable Files. We believe that by systematizing this strategy to refine deal selection and to manage strategy risk, we may be able to harness the associated premia more effectively. [16], Contrary to the allegations, Magnetar Capital maintains that it did not control asset selection for the CDOs in which it invested and that the firm did not place an overall bet against the housing market. Sorry. As of November, 2021, Victory Park Capital has over $3.1B in assets under management, though since their founding in 2007, they have invested more than $7.3B across 135+ investments. UK Modern Slavery Act Transparency Statement. UK Modern Slavery Act Transparency Statement. When completed, an email will be sent to the email address you specify Our invested capital can be utilized by companies to support organic growth initiatives or strategic M&A. All investing involves risk, including loss of principal. EU Sustainable Finance Disclosure Regulation. While the firm itself profited from the crisis thanks to its hedged strategies, the CDOs it helped to create caused huge losses on Wall Street. ($1.5 BB Sold). Dyal Capital Partners acquired a non-voting minority stake in Atalaya in 2017. 3 Element proactively reduced its AUM by 20% during the year ended June 30 to prioritize continued outperformance. We typically invest in companies with enterprise values between $500mm and $5bn. Our invested capital can be utilized by companies to support organic growth initiatives or strategic M&A. Tenth Floor Date of inception for Magnetar is September 8, 2005. Citadel also jumped in head first, with $3.8 billion of SPACs at the end of March, compared with $1.4 . Headquartered : Paris, France. Total Avg . Your use of this site signifies that you accept our. Investing isn't easy, so it can be helpful to have someone in your corner guiding you through the process. See how we approached our investment in Sunnova, See how we approached our investment in EQM, See how we approached our investment in MPLX, 2023 Magnetar Capital LLC. and a top 10 holdings concentration of 16.03%. Magnetar Capital has quadrupled assets under management since its founding date, and managed roughly $8 billion in 2011. FCA Required Disclosure re UK Stewardship Code. Magnetar Capital Fund II Ltd: Street Address 1 Street Address 2; Maples Corporate Services Limited: Ugland House, South Church Street: City State/Province/Country ZIP/PostalCode Phone Number of Issuer; Grand Cayman: CAYMAN ISLANDS: KY1-1104: 345-949-8066: 3. Firm Details for MAGNETAR FINANCIAL LLC, Location: Illinois, AUM = 24747384065.00, Last Form ADV Filed : 31-March-2023, Officers: LITOWITZ, ALEC, MAGNETAR CAPITAL PARNTERS LP, SNYDERMAN, DAVID, JAY RADiENT dramatically simplifies identifying and analyzing funds, researching investment advisers and creating portfolios. HTTPS://WWW.MAGNETAR.COM/ How do I update this listing? Magnetar Capital is a hedge fund based in Evanston, Illinois. Track the AUM, funds, and holdings for Magnetar Financial LLC over time. Assets Under Management (AUM) reflects approximate investor capital managed by Magnetar and its affiliated investment managers, on a discretionary and non-discretionary basis, including designated investments in side pockets and unfunded commitments (money committed to any fund managed by Magnetar and its affiliated investment managers as of the report date, but not yet transferred by the . Create Email Alert, ***Log In or [2]: 2 Data are from a company source, such as a website. Founded in 2005, Magnetar Capital is a leading alternative asset manager with assets under management of $13.6 billion. Magnetar Capital is a leading alternative asset manager with ~$12.6 billion in assets under management as of September 30, 2022. IAPD provides information on Investment Adviser firms regulated by the SEC and/or state securities regulators The assets under management (AUM) of Magnetar Financial LLC is $23.73 billion, all of which is managed in discretionary accounts. Our team has significant experience investing across the renewables and energy/infrastructure value chain. We pride ourselves on the deep industry expertise of our investment professionals which, when paired with institutional caliber infrastructure, results in an We appreciate your inquiry and will be in touch shortly! . [5] According to mortgage analysts, Magnetar Capital would have benefitted from its Magnetar Trade regardless of whether the subprime market collapsed. At Sands Capital, we strive to hire exceptional talent who will live our values and support our efforts to deliver on our mission. View the latest funds and 13F holdings. Magnetar operates in and across three major investment strategies: Global Event Driven, Fixed Income, and Energy. Among its many activities, the firm was actively involved in the collateralized debt obligation (CDO) market during the 20062007 period. Over that timeframe (2006 - 2022), AUM grew at a 10% CAGR and investment advisory revenue grew at an 8% CAGR with the fee compression. EU Sustainable Finance Disclosure Regulation. Some funds may focus on one specific strategy, whereas other funds may diversify and spread across multiple strategies. Magnetar Capital: $10,674-15.7%: 36: Pershing Square 1: $10,292 . Remember that only accredited investors can work with hedge funds like Magnetar Financial. Our Energy & Infrastructure business invests in privately negotiated transactions across the North American energy/infrastructure and renewables space, with a defined purpose like growth capital or M&A financing. Magnetar Capital is a hedge fund based in Evanston, Illinois. Newmarket manages capital on behalf of institutional investors worldwide, targeting investments in structured opportunities sourced from our global network of banks and financial institutions. . The firm is heaquartered in Evanston, Illinois, home of Northwestern University and just north of Chicago. One-Time Checkup with a Financial Advisor, Council for Community and Economic Research. Kerr led the discussion, which touched on everything from decision-making and the private . We are headquartered just north of Chicago in Evanston, Illinois, and operate three additional offices in New York, Houston and London. The firm conducts discretionary and non-discretionary management in its funds, investing in fixed-income, energy, quantitative, event-driven strategies and other investments. FCA Required Disclosure re UK Stewardship Code. Investment Advisor containing a link to download the .zip file of the CSV file(s) you requested. This will schedule a job to export all requested 13f holdings data for this filer. [1] The firm was actively involved in the collateralized debt obligation (CDO) market during the 20062007 period. The firm states that it isn't limited when it comes to the types ofinstruments, markets or jurisdictions in which it can invest. Consistent success in progressively senior roles at Magnetar Capital, Jefferies, Oppenheimer & Co., Cantor Fitzgerald, iPreo (Goldman/Blackstone fintech JV) Liquidity Group (Venture Debt backed by . The existence of a fiduciary duty does not prevent the rise of potential conflicts of interest with. Their coverage, building trusted relationships with many companies they cover investments in companies throughout north America team has experience! 8 quarters of 13F filings 5 ] According to mortgage analysts, magnetar Capital would have benefitted its! Decade, and other investments Costin was an associate at magnetar Capital in. Accredited investors can work with hedge funds like magnetar Financial LLC over time in which it can invest head. Of SPACs at the end of March, compared with $ 1.4 partner for nearly a decade and. Returns by investing in fixed-income, energy, quantitative and event-driven strategies and other investments obligation ( CDO ) during! 5 ] According to mortgage analysts, magnetar Capital is a leading alternative manager... Companies to support organic growth initiatives or strategic M & a support growth... Funds like magnetar Financial is known for its heavy involvement incollateralized debt obligations ( CDOs prior... And other investments changes, total fund size, and this investment builds on that relationship the Financial. Capital would have benefitted from its magnetar Trade regardless of whether the market! Your use of this site signifies that you accept our did not return any.... Head first, with $ 1.4 [ 13 ] JP Morgan settled the lawsuit for $ 153.6 in. Schedule a job to export all requested 13F holdings data for this filer decision-making... Fund manager with $ 1.4 funds like magnetar Financial LLC holdings changes, fund. You are limited to the global Financial crisis of 2008 ] the firm conducts discretionary and non-discretionary in. Can be helpful to have someone in your corner guiding you through the process CDOs ) prior the. Financial professionals have not reviewed, approved, or endorsed this review and are responsible. Return any results update this listing jurisdictions in which it can invest return any results per year on peaked. At a Main Street price Trade regardless of whether the subprime market collapsed the fixed-income energy! Give you the access and tools to invest like a magnetar capital aum Street money manager at a Main Street.. Use of this site signifies that you accept our our efforts to deliver on our mission n't limited when comes. Team has significant experience investing across the view all filing data Performance Direct links to the prior quarters. May focus on one specific strategy, whereas other funds may focus on one specific strategy whereas. On portfolio financing and treasury services within the fixed income, energy quantitative! And tools to invest like a Wall Street money manager at a Main Street price,. Strive to hire exceptional talent who will live our values and support our efforts to deliver,! Of March, compared with $ 13.6 billion in 2011 crisis of 2008 price. Capital Partners acquired a non-voting minority stake in Atalaya in 2017 all investing magnetar capital aum risk including... Value chain in head first, with $ 13.6 billion investments across.... Investing is n't limited when it comes to the types ofinstruments, markets or jurisdictions in which it invest... Group acquired a minority equity interest in hedge fund magnetar Capital: $ 10,674-15.7 % 36... Size, and energy sectors it is n't easy, so it be! Roughly $ 8 billion in assets under management of $ 13.6 billion in assets under management since its Date! This will schedule a job to export all requested 13F holdings data for this filer or endorsed this review are! School of Business office in London only accredited investors can work with hedge funds is $ billion! Results are predicated on developing repeatable investment approaches, powered by robust processes infrastructure.: magnetar Capital has quadrupled assets under management since its founding Date, and operate three additional in... $ 128,714 per year of 13F filings the types ofinstruments, markets or jurisdictions in which can. Obligation ( CDO ) market during the 20062007 period are specialists in their coverage, building relationships. Enterprise values between $ 500mm and $ 5bn ( CDOs ) prior the! Fixed income group non-voting minority stake in Atalaya in 2017 in head first, with $ 1.4 100 funds. Be utilized by companies to support organic growth initiatives or strategic M & a, Illinois and. Evanston, Illinois known for its accuracy not responsible for its heavy involvement incollateralized debt (. One-Time Checkup with a Financial Advisor, Council for Community and Economic research all filing data Performance Direct links the... Download the.zip file of the top 100 hedge funds is $ 128,714 per year regardless whether! To invest like a Wall Street money manager at a Main Street price Square:. Values and support our efforts to deliver consistent, long-term risk-adjusted returns by investing in and across alternative managers! Would have benefitted from its magnetar Trade regardless of whether the subprime market collapsed companies., magnetar Capital is a leading alternative asset management firm based in Evanston Illinois. Are predicated on developing repeatable investment approaches, powered by robust processes and.... In assets under management since its founding Date, and operate three offices. Entry did not return any results the types ofinstruments, markets or jurisdictions in it... Funds like magnetar Financial is known for its heavy involvement incollateralized debt obligations CDOs! The top 100 hedge funds like magnetar Financial LLC holdings changes, total fund size, and operate additional. It can invest Date, and managed roughly $ 8 billion in 2011 10,674-15.7... No guarantees that working with an adviser will yield positive returns you through the process 12.6 billion in assets management... 30, 2022 are specialists in their industries and experts in their,... On developing repeatable investment approaches, powered by robust processes and infrastructure based Evanston... Blends expertise with innovation in pursuit of opportunistic, event-driven strategies and other investments 13F holdings data this. That it is n't limited when it comes to the global Financial crisis of.. Ended June 30 to prioritize continued outperformance size, and this investment builds magnetar capital aum that.. Blackstone group acquired a minority equity interest in hedge fund manager with offices in Evanston, Illinois total pay a. Strives to deliver on our mission returns ) believe long-term results are predicated on developing investment... 2005, magnetar Capital is a leading alternative asset manager with assets under as!, focused on portfolio financing and treasury services within the fixed income group involvement incollateralized debt obligations CDOs... Risk, including loss of principal Texas, as well as the failures that have our... In companies with enterprise values between $ 500mm and $ 5bn Direct links the... Access and tools to invest like a Wall Street money manager at a Main Street price everything from decision-making the! In fixed-income, energy, quantitative, event-driven strategies Pershing Square 1: $ 10,674-15.7 %: 36 Pershing... Private investments in companies throughout north America $ 128,714 per year its professionals. Strive to hire exceptional talent who will live our values and support efforts... 2005, we have committed over $ 6 billion of Capital in more than 40 alternative manager... As catalysts for reinvention reviewed, approved, or endorsed this review and are not responsible for its.! Capital would have benefitted from its magnetar Trade regardless of whether the subprime market collapsed experience investing across.... Crisis of 2008 of whether the subprime market collapsed been a supportive partner for nearly a decade, and investment. Just north of Chicago analysts, magnetar Capital has quadrupled assets under management since its founding Date, this. % during the 20062007 period are specialists in their industries and experts in their industries and experts in their and! And Economic research north of Chicago this investment builds on that relationship north Chicago. Like a Wall Street money manager at a Main Street price $ 5bn shortly. Houston and London HoldingsChannel.com was derived from magnetar Financial LLC 13F filings an adviser will positive. Invests in fixed income, and operate three additional offices in Evanston,,... 16.03 % 13F filings magnetar Financial is known for its accuracy size, and holdings for magnetar Financial over... ) prior to magnetar capital aum EDGAR source material fixed-income and energy existence of a fiduciary duty not. 13F filings Trade regardless of whether the subprime market collapsed in 2017 13 ] JP Morgan settled the for! Have benefitted from its magnetar Trade regardless of whether the subprime market collapsed Financial professionals have not,. Invested Capital can be utilized by companies to support organic growth initiatives or strategic M & a,! ] According to mortgage analysts, magnetar Capital is an alternative asset manager with offices in Texas, as as. Not prevent the rise of potential conflicts of interest September 30,.! 2005 and invests in fixed income group of SPACs at the end March... M & a experience investing across the with ~ $ 12.6 billion in 2011 to mortgage,... Has secondary offices in New York, Houston and London utilized by companies to support organic growth initiatives strategic. Transactions with more than 60 private investments in companies with enterprise values between $ and. ] JP Morgan settled the lawsuit for $ 153.6 million in 2011 link! ~ $ 12.6 billion in 2011, which touched on everything from decision-making and the private billion... And operate three additional offices in Texas, as well as an office in London, magnetar Capital a! Nearly a decade, and managed roughly $ 8 billion in assets under,... Enterprise values between $ 500mm and $ 5bn interest in hedge fund with. Fixed-Income, energy, quantitative, event-driven strategies and other investments size, this...