ACK ASSET MANAGEMENT LLC other names

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Adviser Profile

As of Date:

03/06/2024

Adviser Type:

- Large advisory firm

Number of Employees:

11 10.00%

of those in investment advisory functions:

7 16.67%

Registration:

SEC, Approved, 9/21/2010

AUM:

1,099,860,395 54.94%

of that, discretionary:

1,099,860,395 54.94%

Private Fund GAV:

1,089,205,717 55.62%

Avg Account Size:

549,930,198 209.87%

SMA’s:

NO

Private Funds:

2

Contact Info

914 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
795M 681M 568M 454M 341M 227M 114M
2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Top 5 4th Quarter Trades of SILVERBACK ASSET MANAGEMENT LLC
03/02/2023

Related Stocks: INFN, IWM, AKTS, STNG, PRLHU,

gurufocus.com

Russian Oligarch Wealth Obscured by Secretive Offshore Network
10/25/2022

The web of shell companies and middlemen managed by Isle of Man services firm Bridgewaters makes it hard for authorities to track assets and enforce sanctions. The company has connections to now-blacklisted oligarchs including Alisher Usmanov, Andrei Skoch and Sergei Chemezov.

Wall Street Journal

Carnegie Brings Back Asset Management Arm - HedgeNordic
06/01/2022

Stockholm (HedgeNordic) – After divesting its fund management arm Carnegie ... According to a press release by Swedish hedge fund boutique Nordic ...

hedgenordic.com

Top 5 1st Quarter Trades of ACK Asset Management LLC
05/13/2022

Related Stocks: SMRT, SLCA, SWIM, EVLV, NVEC,

gurufocus.com

Asia Set for Steady Open, Curve Flatter After Fed: Markets Wrap - Bloomberg.com
09/23/2021

Fed Chair Jerome Powell said the central bank could begin scaling back asset purchases in November and complete the process by mid-2022. Officials also revealed ...

Bloomberg

Fed Seen on Track for 2021 Taper Start Even as Covid-19 Swirls - Bloomberg
09/11/2021

The Federal Reserve is unlikely announce a start-date to scaling back asset purchases at its meeting this month, but is still on track to begin in ...

Bloomberg


Private Funds Structure

Fund Type Count GAV
Hedge Fund 2 $1,089,205,717

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Private Funds



Employees




Brochure Summary

Overview

ACK Asset Management LLC (“ACKAM”) has been in business since 2005. ACKAM serves as the investment adviser to ACK Asset Partners LP and ACK Asset Partners (Cayman) Ltd, both of which invest their assets in ACK Asset Master Fund LP, as well as the investment adviser to ACK Asset Partners II, LP. Collectively, these private funds are referred to as “Private Funds” or “Clients” herein. ACK Asset GP II LLC (“ACK GP”), an affiliate of ACKAM, serves as the general partner of the private funds that are organized as limited partnerships. ACKAM and ACK GP are collectively referred to as “ACK” or the “Adviser” throughout this brochure. ACK provides investment advisory services to the Private Funds based on the investment objectives described
in their offering documents and does not tailor investment advice to individual investors. The Private Funds are neither registered under the Securities Act of 1933, as amended, nor registered under the Investment Company Act of 1940, as amended. Accordingly, interests in the Private Funds are offered exclusively to investors satisfying the applicable eligibility and suitability requirements either in private placement transactions within the United States or in certain offshore jurisdictions. The firm is owned by Richard S. Meisenberg and John H. Reilly III, Managing Members. As of December 31, 2023, ACK managed discretionary client assets valued at approximately $ 1,099,860,000. ACK does not manage assets on a non-discretionary basis.