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Adviser Profile

As of Date 09/19/2024
Adviser Type - Large advisory firm
Number of Employees 952 11.21%
of those in investment advisory functions 376 21.29%
Registration SEC, Approved, 12/31/2015
AUM* 91,159,029,877 60.08%
of that, discretionary 91,159,029,877 60.08%
Private Fund GAV* 106,339,195,263 -3.53%
Avg Account Size 3,255,679,638 60.08%
SMA’s No
Private Funds 26
Contact Info 212 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
57B 49B 41B 33B 24B 16B 8B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count26 GAV$106,339,195,263

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Brochure Summary

Overview

Schonfeld Strategic Advisors LLC (the “Advisor”) primarily provides discretionary advisory services to private investment funds, trading vehicles and certain of the Advisor’s affiliates. In limited cases the Advisor also may provide non-discretionary advisory services to an affiliate. The Advisor’s clients include, but are not necessarily limited to, private investment funds, trading vehicles and family office related entities. The Advisor also selects, and delegates trading discretion to, affiliated portfolio managers (including internal traders) and unaffiliated portfolio managers (collectively, “Portfolio Managers”) which provide discretionary investment advisory services to clients, including for risk hedging purposes. The Advisor is a Delaware limited liability company that was formed on September 9, 2015. The Advisor is owned 100% by three trusts for the benefit of Steven Schonfeld and/or his family (together, with certain affiliates of Steven B. Schonfeld, including Schonfeld Group Holdings LLC and its subsidiaries, collectively, “SGH”). As of December 31, 2023, the Advisor’s regulatory assets under management were $89,716,237,620 on a discretionary basis. When acting as a discretionary adviser, the Advisor has discretion to trade directly for clients and allocate client assets to Portfolio Managers in its discretion. Affiliates that are supervised persons of the Advisor, including internal traders, are referred to herein as “Internal Portfolio Managers.” Managers and general partners of U.S. and non-U.S. private investment funds advised by the Advisor are affiliates of the Advisor; non-U.S. funds are managed by a general partner or Board of Directors, one or more of whose members are affiliates of the Advisor (as set forth herein, the Board and each manager and general partner shall be each referred to as a “Manager” and collectively as the “Managers”). Certain Portfolio Managers may also be affiliated “Relying Advisers” of the Advisor which, in accordance with relevant SEC guidance, operate under the Advisor’s SEC investment adviser registration. The Advisor may utilize additional or different Relying Advisers in the future or may cease to utilize any Relying Advisers. Once selected by the Advisor, the Portfolio Managers exercise investment discretion for certain clients and trading vehicles (“Trading Vehicles”) managed by the Advisor and its affiliates. Clients’ assets are traded directly and/or through such Trading Vehicles. Assets of SGH are also traded through such Trading Vehicles. A Trading Vehicle also may invest in another Trading Vehicle. The assets of each client or Trading Vehicle are allocated to Portfolio Managers who manage client or Trading Vehicle assets through managed accounts or sub-accounts thereof. The Advisor determines and adjusts in its discretion the amount of assets to be allocated to each Trading Vehicle and among the Portfolio Managers and reallocates the amount of such assets between Portfolio Managers and Trading Vehicles periodically (including monthly). Portfolio Managers may also manage client and/or Trading Vehicle assets through private investment funds managed by such Portfolio Managers and/or their respective affiliates. The investment strategies that the Advisor utilizes for any private investment fund client for which it acts as an investment adviser, as well as other information about an investment in such fund, including conflicts of interests, risk factors, and tax and other important disclosures, are described in the particular fund’s private offering documents, and investors in those funds must refer to such materials for specific information about such funds. The information in this Brochure is qualified in its entirety by such offering documents with respect to such private investment funds, which must be read carefully, and in the event of any conflict between this Brochure and such offering documents, such offering documents will govern. The Advisor does not tailor its advisory services to the individual needs of the investors in any such fund or entity, and investors may not impose restrictions on investing in certain securities or types of securities. The Advisor does not participate in wrap fee programs. As set forth in a fund’s offering documents, various actual and potential conflicts
of interest exist among the Advisor, the Managers, their respective principals and their respective employees, agents and affiliates, a fund, other clients, the Portfolio Investments (hereafter defined), Portfolio Managers, and other clients of the Portfolio Managers, including actual and potential conflicts of interest related to fees, portfolio composition, portfolio valuation, expense allocation, selection of counterparties and best execution, treatment of investors, governance matters, limitation of liability, indemnification, allocation of trades and investment opportunities among various clients of the Advisor and Portfolio Managers and outside business activities and personal trading. Certain Committees: The Advisor has organized an executive committee (the “Executive Committee”) currently comprised of Ryan Tolkin, Andrew Fishman, and Danielle Pizzo. The Executive Committee functions similarly to a board of directors and sets the strategic direction of the Advisor and the prioritization of major business initiatives. The composition of the Executive Committee may vary over time in the discretion of the Advisor. As a committee, the Executive Committee does not have discretionary authority or direct decision-making authority over client accounts. The Advisor has also formed a Global Investment Committee and Global Operating Committee comprised of certain senior officers of the Advisor. Certain senior officers of the Advisor are also senior officers of certain of its affiliates. Certain Transactions: The Advisor and certain of its affiliates entered into certain agreements with a large U.S. public financial services company (“Financial Services Company”) and certain of its affiliates in 2019, with respect to certain transactions as set forth below and as described more fully in the funds’ offering documents. The Financial Services Company is the parent company of an SEC-registered broker-dealer and of other U.S. and non-U.S. financial services entities. Under these agreements, (i) the Advisor purchased two asset management companies located in Asia which were owned by a subsidiary of the Financial Services Company and which specialize primarily in a fundamental equity investment strategy (the “Asia FE Portfolio Managers”), (ii) as part of the purchase price and in connection with the transactions, an affiliate of the Financial Services Company shares in certain revenue relating to the management fees and performance-based compensation charged to, or in respect of, clients utilizing a fundamental equity strategy, including a private fund primarily utilizing a fundamental equity strategy as well as other clients whose assets are managed or will be managed by the Asia FE Portfolio Managers, and (iii) an affiliate of the Financial Services Company (the “Company Investor”) made an investment in a private fund managed by the Advisor, and is entitled to certain preferential rights as set forth in a side letter arrangement between that fund, the fund’s Manager and the Advisor and the Company Investor. The applicable funds’ offering documents contain further disclosures regarding the foregoing transactions, including related conflicts of interest. As part of the foregoing transactions and as described in the applicable funds’ offering documents, the Financial Services Company affiliate that receives the revenue share is also entitled to certain rights with respect to the business of the Advisor, its affiliates and certain funds utilizing a fundamental equity strategy but is not included in, and does not have authority over, day-to-day decision making with respect to the Advisor’s business or investments on behalf of the Advisor’s client accounts, including any fund. Such entity does not have any responsibility for the management or performance of any of the Advisor’s client accounts, including any fund. The revenue share is calculated across certain funds utilizing a fundamental equity strategy using a number of benchmarks and factors. The above revenue share does not apply to (i) an existing fund primarily utilizing a fundamental equity strategy, or (ii) an existing special purpose vehicle formed for the purpose of allowing certain investors exposure to the other private funds advised by the Advisor (the “SPV”).