SHANNON RIVER FUND MANAGEMENT, LLC other names

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Adviser Profile

As of Date:

04/25/2024

Adviser Type:

- Large advisory firm

Number of Employees:

11

of those in investment advisory functions:

7

Registration:

SEC, Approved, 3/7/2012

AUM:

722,754,167 12.41%

of that, discretionary:

722,754,167 12.41%

Private Fund GAV:

609,335,353 21.55%

Avg Account Size:

120,459,028 12.41%

SMA’s:

NO

Private Funds:

2

Contact Info

212 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
2B 2B 1B 1B 892M 595M 297M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Top 5 4th Quarter Trades of Shannon River Fund Management LLC
02/15/2023

Related Stocks: RMBS, NICE, ZI, CRM, DT,

gurufocus.com

Shannon River Fund Management LLC Buys 2, Sells 3 in 1st Quarter
07/21/2022

Related Stocks: KNBE, GDDY, NICE, SPT, PEGA,

gurufocus.com

Shannon River Fund Management LLC Buys DigitalOcean Holdings Inc, Uber Technologies Inc, ...
11/15/2021

Related Stocks: DOCN, UBER, COUR, SONO, LSPD, SLAB, COUP, TGT, NICE, RAMP, SAIL, VMEO,

gurufocus.com

Shannon River Fund Management LLC Buys Coupa Software Inc, Petco Health and Wellness Co Inc, ...
08/24/2021

Related Stocks: GDDY, FLEX, ZI, PRTS, PEGA, MU, COUP, WOOF, NICE, AMBA, SMAR, SPSC, UBER, TRIP, EVER, PINS, LSPD, CRM,

gurufocus.com

U Access IRL Shannon River UCITS
03/29/2021

U Access (IRL) Shannon River UCITS seeks capital appreciation by employing a specific long/short equity investment strategy focused on technology, media and telecommunications. The Fund invests in ...

Bloomberg

Billionaire Jeffrey Talpins’ Top 10 Stock Picks
03/13/2021

Click to skip ahead and see Billionaire Jeffrey Talpins' Top 5 Stock Picks. Jeffrey Talpins, one of the highest earning hedge fund managers in 2017 according to Forbes, founded Element Capital Management in 2005 within Proxima Alfa Investments and then ...

Yahoo Finance


Private Funds Structure

Fund Type Count GAV
Hedge Fund 2 $609,335,353

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Private Funds



Employees




Brochure Summary

Overview

Shannon River Fund Management LLC is a registered investment adviser with the SEC and was founded in 2003 by its managing member, Spencer Waxman. Shannon River Fund Management LLC and Doonbeg Global Management LLC (collectively “Shannon River”, the “Adviser”, “we”, “us” “our” or the “Firm”) are the investment advisers to private pooled investment vehicles via master feeder structures and separately managed funds (each a “Private Fund” and collectively the “Private Funds”). Shannon River is also a sub-advisor to a Luxembourg UCITS product and an Irish UCITS product (each, a “UCITS Fund”). Shannon River may in the future manage other pooled investment vehicles or accounts (including separately managed accounts). Shannon River Capital Management LLC, Doonbeg Capital Management LLC, Doonbeg Fund Management LLC and Doonbeg Global Management LLC operate in the course of the Firm’s investment management business as though they are registered investment advisers and are deemed “Relying Advisers” pursuant to the January 18, 2012 no-action letter issued by the SEC staff to the American Bar Association. As such, each “Relying Adviser” has completed a separate Schedule R on the Form ADV Part 1a. Shannon River provides investment management services
to the Private Funds based upon specific investment objectives and strategies. The Private Funds are managed in accordance with their own objectives and are not tailored to any particular private fund investor (each an “Investor” and collectively “Investors” ). The Private Funds generally invest in long and short equity securities, focused on sectors which include technology, media and telecommunications. The primary objective of the Funds is to achieve capital appreciation while carefully managing risk and market exposure. As a sub-adviser to the UCITS Funds, Shannon River employs substantially similar investment strategies as it uses for the Private Funds, while taking into account the greater need for position liquidity caused by regulations applicable to the UCITS Funds and certain investment guidelines and/or restrictions applicable to such clients. Such investment guidelines and/or restrictions may be negotiated with respect to each sub-advisory client, and are set forth in their respective governing agreements. As of December 31, 2023, Shannon River managed Regulatory Assets under Management (“RAUM”) of approximately US $722,754,167 on a discretionary basis. Shannon River does not manage any assets on a non-discretionary basis.