The SPEARS ABACUS ADVISORS LLC is a privately held investment adviser that advises $6.99Bn in regulatory assets under management held in 1 SEC fund types across 2 investment strategies. SPEARS ABACUS ADVISORS LLC is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 281.9% over the last 5-years.
The Group has been registered with the SEC for 19.59 years and is comprised of 1 filing and 0 relying advisers. They operate out of 2 office locations with their Headquarters at 535 MADISON AVENUE 14TH FLOOR, NEW YORK, NEW YORK. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 40 employees comprised of 17 investment and 23 non-investment staff. The total number of Employees increased by 166.67% over the last 5-years.
Their $6.99Bn in assets advised are owned by 2 private funds, 1 public fund and BDCs and 152 other accounts. Assets of High Net Worth Individuals clients own $6.22Bn or 88.96% of Total Assets and Charitable Organizations own $250.3mn or 3.58% of Total Assets.
The Group's top investment strategies include Long/Short Equity and Traditional LBO, representing 50.66% and 49.34% of total assets, respectively.
They advise 7 types of clients, top clients are High Net Worth Individuals and Charitable Organizations.
The Group uses 1 Fund Administrators, 0 Fund Auditors, 0 Prime Brokers, 0 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 1 private funds with $6.02mn in assets.
The Group discloses advisory fees, fixed fees, management fees and performance-based fees.
SPEARS ABACUS ADVISORS LLC names 2 sub-advisers HALLE CAPITAL MANAGEMENT LP, STRUCK CAPITAL MANAGEMENT LLC to 2 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.