AXAR CAPITAL MANAGEMENT LP other names

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Adviser Profile

As of Date:

07/03/2024

Adviser Type:

- Large advisory firm

Number of Employees:

13 30.00%

of those in investment advisory functions:

6

Registration:

SEC, Approved, 6/24/2015

AUM:

2,566,649,135 11.50%

of that, discretionary:

2,566,649,135 11.50%

Private Fund GAV:

1,528,177,197 10.01%

Avg Account Size:

111,593,441 -3.05%

SMA’s:

YES

Private Funds:

17 3

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
2B 2B 2B 1B 987M 658M 329M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Cemetery owner StoneMor surges on agreement to be sold to Axar Capital
05/25/2022

Seeking Alpha

StoneMor Inc.
03/30/2021

Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. International ...

Barrons

Cemetery Co. Investor Seeks Records To Probe 'Wrongdoing'
03/27/2021

... related to transactions orchestrated by Andrew Axelrod and his hedge fund, Axar Capital Management LP, and approved by StoneMor's board.

law360.com

Cemetery Co. Investor Seeks Records To Probe 'Wrongdoing'
03/26/2021

Axar Capital Management LP, and approved by StoneMor's board. Among the moves that piqued Titterton's suspicion was the company's $30 million investment in embattled shoe retailer Payless ...

law360.com

Go Global Retail to acquire Janie and Jack, a leading premium children's fashion brand from Gap Inc.
03/26/2021

LOS ANGELES, March 25, 2021 /PRNewswire/ -- Go Global Retail today announced plans to acquire Janie and Jack a leader in premium children's fashion with more than 115 retail stores in the US and ...

Yahoo Finance

Go Global Buying Janie and Jack From Gap
03/25/2021

The transaction is expected to close April 2. Go Global’s investment partners in the deal include Axar Capital Management and MidCap Financial as well as two strategic investors, Dallas-based FB ...

Yahoo Finance


Private Funds Structure

Fund Type Count GAV
Hedge Fund 3 $233,333,595
Private Equity Fund 14 $1,294,843,602

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Private Funds



Employees




Brochure Summary

Overview

A. The Adviser is a Delaware limited partnership and has its principal place of business in New York, New York. The Adviser provides discretionary investment advisory services to various pooled investment vehicles (each a “Fund” and, collectively, the “Funds”), separately managed accounts (each a “Managed Account” and, collectively, the “Managed Accounts”), and an insurance company (the “Insurance Company” and, together with the Funds and the Managed Accounts, the “Clients” or “Client Accounts”). Interests in the Funds are offered to certain sophisticated, qualified investors, including: high net worth individuals, retirement plans, trusts, partnerships, corporations, insurance companies, or other businesses. The Adviser was formed in 2015 by its general partner, Axar GP LLC, and the Adviser’s portfolio manager, Andrew M. Axelrod (the “Principal”). B. The Adviser’s primary investment objective is to generate positive risk-adjusted returns. The Adviser maintains multiple active management strategies. The Adviser’s general strategy employs an opportunistic, value-oriented investment strategy supported by an analytical, fundamental research approach to identifying and assessing intrinsic value. The Adviser employs a Fixed Income focused strategy with
respect to the Insurance Company. C. While the Funds and the Managed Accounts will follow the general strategy stated above, the Adviser may tailor the specific advisory services with respect to each Client based on the particular investment objectives and strategies described in the applicable Client’s (i) confidential offering memorandum or separate account agreement (as applicable) and (ii) governing documents, including but not limited to an investment management agreement (referred to collectively as “Governing Documents”). Managed account clients may impose restrictions on investing in certain securities or types of securities. All discussion of the Clients in this Brochure, including but not limited to their investments, the strategies used in managing the Clients, and conflicts of interest faced by the Adviser in connection with the management of the Clients are qualified in their entirety by reference to each Client’s respective Governing Documents. D. The Adviser does not participate in wrap fee programs. E. As of December 31, 2023, the Adviser manages approximately $2,566,000,000 in discretionary regulatory assets under management. The Adviser does not manage any assets on a non- discretionary basis.