GRANITE POINT CAPITAL MANAGEMENT, L.P. other names

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Adviser Profile

Registration status: Terminated

As of Date:

10/07/2023

Adviser Type:

- Large advisory firm


Number of Employees:

12 9.09%

of those in investment advisory functions:

6

AUM:

254,993,951 -47.62%

of that, discretionary:

254,993,951 -47.62%

GAV:

0 -100.00%

Avg Account Size:

31,874,244 -47.62%


SMA’s:

NO

Private Funds:

0 5

Contact Info

617 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
510M 438M 365M 292M 219M 146M 73M
2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Granite Point Mortgage Trust Inc. (NYSE:GPMT) Q4 2023 Earnings Call Transcript
02/16/2024

Granite Point Mortgage Trust Inc. (NYSE:GPMT) Q4 2023 Earnings Call Transcript February 15, 2024 Granite Point Mortgage Trust Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning. My name is Donna and I will be your conference facilitator. […]

Insider Monkey

Private Funds



Employees




Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
000000000 NONE TO REPORT $

Brochure Summary

Overview

A. General Description of Advisory Firm. Granite Point Capital Management, L.P., which we will refer to as (“Granite Point,” “we”, “us”, “our” or the “firm” ), is a Delaware limited partnership formed by Warren Lammert in January 2004, when Granite Point began operations. Granite Point provides discretionary investment advisory services to its Clients who are private pooled investment vehicles. The General Partner of Granite Point is GPC I, L.L.C, an entity organized under Delaware laws that is owned solely by Warren Lammert, our founder and principal owner. Granite Point and Granite Point’s related person Granite Point Capital, L.L.C., a “Relying Adviser” and Delaware limited liability company, are both investment advisers. Granite Point manages pooled investment vehicles exempted from registration under 3(c)(1) or 3(c)(7) under the Investment Company Act of 1940 or otherwise organized under the laws of the Cayman Islands and subject to Cayman Islands Monetary Authority (“CIMA”) regulation and oversight. The Granite Point Funds operate in various structures such as master feeder, a Series Limited Partnership, and a private equity fund. The Master Fund invests in the Series Limited Partnership and in the Select Opportunities private equity fund. Specifically, the Granite Point private funds that it advises are:
• Granite Point Capital Master Fund, L.P. o Granite Point Capital, L.P. o Granite Point Capital Offshore Fund, Ltd.
• Granite Point Capital Focused Opportunities Series Fund, L.P. o Granite Point Capital Panacea Global Healthcare Fund o Granite Point Capital 8 Dragons China Opportunities Fund, o Granite Point Capital Scorpion Focused Ideas Fund, and
• Granite Point Capital Select Opportunities Fund, L.P.
• Granite Point Capital Offshore Opportunities Fund, Ltd., all individually a Fund or Client, and collectively the “Funds” or “Clients.” Cassandra Powell, Phillip Dickie, and David Bushley serve as the Directors to the Granite Point Capital Offshore Fund Ltd., a Cayman Islands exempted company (feeder fund) (formed in March 2004), as well as Granite Point Capital Offshore Opportunities Fund, Ltd. a Cayman Islands exempted company, formed in December 2017. The general partner of the investment manager (Granite Point) is GPC I, L.L.C., (also a relying adviser) a Delaware limited liability company of which Mr. Lammert also serves as the managing member. Warren Lammert is the founder and co-CIO primarily responsible for managing Granite Point’s total investment program on behalf of the Clients. Chiheng Tan is co-CIO and Andre Cheng, and Alex Trzesniewski are portfolio managers. The Commodity Future Trading Commission (“CFTC”) is a federal regulatory agency with jurisdiction over futures trading. The National Futures Association (“NFA”) is the self-regulatory organization for the U.S. derivatives industry,
including on-exchange traded futures, retail off- exchange foreign currency (forex) and OTC derivatives (swaps). While the Granite Point Funds (or “Funds”) trade commodity futures and/or commodity options contracts, the Funds are exempt from registration with the CFTC as a commodity pool operator (“CPO”) pursuant to CFTC Rule 4.13(a)(3) and Granite Point is exempt from registration as a commodity trading advisor (“CTA”) under Rule 4.14. B. Description of Advisory Services (including any specializations) Granite Point’s investment program entails investing Fund capital directly in a broad range of securities. Granite Point's investment objective is to maximize returns while seeking preservation of capital by pursuing a long/short strategy focused on equities, but also including other publicly traded corporate instruments, currency, interest rate, futures, and commodity positions. From time to time, certain Granite Point funds may acquire assets that Granite Point believes either lack a readily assessable market value or should be held until the resolution of a special event or circumstance (a “Special Investment”). The issuer of such an investment may be a private company or, if it is a public company, the securities may have been purchased in a private placement; investors have the opportunity to participate, or not, prospectively in such investments. Granite Point will have complete flexibility with respect to the types of securities or other instruments used in pursuing its investment objective and strategy. Granite Point formulates investment objectives, directs, and manages the investment and reinvestment of Client assets, and provides reports to investors. Investment advice is provided directly to the Funds according to the Fund’s particular investment objectives and not individually to any Fund investor. Fund investors may not impose restrictions on the Fund’s investment activities. Our Fund investors are either high net worth individuals (“accredited investors”) or institutional investors that meet the eligibility criteria as outlined in the respective Fund offering documents. C. Availability of Tailored Services for Individual Clients We have full discretionary authority with respect to investment decisions for the Funds/Clients. When we provide our services at the fund level, it is in accordance with the investment objectives and guidelines set forth in the Funds’ respective offering documents, and we do not provide investment advisory services tailored to specific individual investors in our Funds. D. Wrap Fee Programs. This is not applicable as we do not offer or participate in any wrap fee programs. E. Client Assets Under Management. As of December 31, 2022, Granite Point managed $254,993,951 of Regulatory Assets Under Management, all of which is managed on a discretionary basis.