SPX CAPITAL MANAGEMENT LLC other names

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Adviser Profile

As of Date:

05/02/2024

Adviser Type:

- Large advisory firm

Number of Employees:

11 -35.29%

of those in investment advisory functions:

5 -37.50%

Registration:

SEC, Approved, 10/1/2021

Other registrations (2)
Former registrations

SPX CAPITAL MANAGEMENT LLC

AUM:

359,686,002 -93.58%

of that, discretionary:

359,686,002 -93.58%

Private Fund GAV:

4,131,602,571 -39.32%

Avg Account Size:

23,979,067 -93.58%

SMA’s:

NO

Private Funds:

15

Contact Info

(21 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
6B 5B 4B 3B 2B 2B 800M
2021 2022 2023

Recent News

Ex-Autonomy PM moves to SPX after shutting hedge fund
11/17/2023

Bruno Magalhaes, a former portfolio manager at Autonomy Capital Research, is to join Brazilian hedge-fund major SPX Capital, after shutting down the hedge fund he helped launch in Brazil just two years ago, according to a report by Bloomberg.

Hedge Week

Hedge Fund SPX Offers Mea Culpa for Wrong-Way Brazil Bets - Bloomberg.com
07/20/2023

Brazilian hedge-fund behemoth SPX Capital apologized to holders of one of its funds after a badly timed bet on its home country eroded returns.

Bloomberg

Bloomberg on Twitter: "Brazilian hedge-fund behemoth SPX Capital apologized to holders of one ...
07/19/2023

Hedge Fund SPX Offers Mea Culpa to Clients for Poor Brazil Bets ... one of its funds after a badly timed bet on its home country eroded returns.

mobile.twitter.com

Hedge Fund SPX Offers Mea Culpa to Clients for Poor Brazil Bets - Yahoo Finance
07/19/2023

(Bloomberg) -- Brazilian hedge-fund behemoth SPX Capital apologized to holders of one of its funds after a badly timed bet on its home country ...

Yahoo Finance

SPX takes leading role in Americanas bondholder group
02/10/2023

SPX takes leading role in Americanas bondholder group Submitted 10/02/2023 - 10:47am Brazilian hedge fund manager SPX Capital is taking a leading role alongside other asset management firms in restructuring negotiations on behalf of a group of investors holding local bonds of troubled retailer Americanas SA, according to a report by Bloomberg. Minutes for a bon...

Hedge Week

Hedge Fund SPX Spearheads Group of Americanas Local Bondholders
02/09/2023

Brazilian hedge fund manager SPX Capital is among asset management firms taking the lead in a group of local bondholders of troubled retailer ...

news.bloomberglaw.com


Private Funds Structure

Fund Type Count GAV
Hedge Fund 15 $4,131,602,571

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Private Funds



Employees




Brochure Summary

Overview

SPX is a Delaware limited liability company with its principal place of business is New York, New York. SPX is wholly owned by SPX Capital Holding Ltda. SPX was founded in 2018.1 The only owner who holds 25% or greater of SPX Capital Holding Ltda. is Rogério Rodrigues Estevinha do Amaral Xavier. SPX provides discretionary advisory services to pooled investment vehicles organized under the relevant laws of the United States and the Cayman Islands. These vehicles include limited partnerships, private fund companies and segregated portfolio companies organized under the Cayman Islands’ Companies Act and registered under the Cayman Island Monetary Authority in accordance with the Mutual Funds Act. (“SPCs”). In addition to the advisory services provided by SPX, the SPC clients are also primarily managed by the Firm’s affiliates SPX Gestão de Recursos Ltda., SPX International Asset Management Ltd, SPX Portugal, SGOIC, S.A. and SPX Capital Management Singapore PTE. Ltd. (each an “Affiliate” and collectively the “Affiliates” or “Co-Sub- Managers”). SPX’s credit strategy (“SPX Credit”) is primarily an absolute-return strategy, focused on US- and developed markets. SPX Credit engages in fundamental company research to select the most efficient capital allocations. The investments will predominantly be in investment grade bonds, high yield products, liquid distressed cash bonds, loans and credit derivatives, with a focus on market liquidity. The Firm manages certain of these pooled vehicles on a discretionary basis (the “Discretionary Clients”). In this role, SPX has full discretion of a portion of the Discretionary Clients’ total assets under management. In addition to the discretionary services explained
in this paragraph, the Discretionary Clients will also receive macroeconomic research services. Below is a list of SPX’s Discretionary Clients with the relevant SPCs, as applicable:
• SPX Fund SPC o SPX Fund Segregated Portfolio Hawker o SPX Fund Segregated Portfolio Exclusive o SPX Fund Segregated Portfolio Skyhawk o SPX Fund Segregated Portfolio Extender o SPX Fund Segregated Portfolio Vickers o SPX Fund Segregated Portfolio Unique o SPX Fund Segregated Portfolio Canadian Eagle
• SPX Global Fund SPC o SPX Global Fund Segregated Portfolio Global Eagle
• SPX Seafire Fund SPC o SPX Seafire Fund Segregated Portfolio One 1 SPX organized on February 28, 2018 as SPX Advisory LLC. The name was changed on June 7, 2018 to Global Macro Advisor LLC. On February 24, 2020, the name was changed to the current name of SPX Capital Management LLC. | New York | London | 4
• Edge Master Fund (including feeder-funds, listed separately)
• Dynamic Global Macro US Fund LP
• Global Macro Strategy US Fund LLC
• Absolute Return Credit Master Fund Ltd. o Absolute Return Credit Cayman Feeder Fund Ltd. o Absolute Return Credit US Fund LP In the future, SPX may provide advisory services to private funds that it sponsors that may be substantially different from the services listed above. SPX does not sponsor a wrap fee program. As of December 31, 2023, SPX managed $359,686,002 on a discretionary basis. SPX does not manage any client assets on a non-discretionary basis.