Armor Advisors is a Delaware limited liability company that was formed in May 1998.
Our sole manager is Dov Plitman (the “Manager,” and together with Robert Earley, a
principal of Armor Advisors, the “Principals”). Armor Capital Management, L.L.C.
(“Armor Capital Management” and together with Armor Advisors, “we” or “us”), one of
our affiliates, is the management company of the Domestic Funds and the Offshore Feeder
(each as defined below) and is the non-discretionary adviser to a separately managed
account. Armor Capital Management is owned and controlled by Dov Plitman. Newton
Advisory SA (“Newton”) is engaged as our non-discretionary advisor. Newton assists us
in the formulation and pursuit of our investment program for our clients by providing us
with research and due diligence services, and other ancillary services, on a non-
discretionary basis (the “Non-Discretionary Advisory Services”). Boris Zhilin is the sole
principal of Newton. Mr. Zhilin and the Principals, together, are referred to herein as the
“Key Persons.” The term “employees,” as used herein, refers to employees of the Armor
Advisors, Armor Capital Management and Newton.
We provide discretionary investment advice to the following private investment funds
(collectively, the “Funds”): (i) Armor Capital Partners, L.P. (“Armor Capital Partners”);
(ii) Armor Qualified, L.P. (“Armor Qualified,” and together with Armor Capital Partners,
the “Domestic Funds”); (iii) Armor Capital Offshore, Ltd. (the “Offshore Feeder”); and
(iv) Armor Capital Offshore Master, Ltd., a private investment vehicle through which the
Offshore Feeder invests (the “Master Fund”). We have the flexibility to invest for the Funds
in all types of financial instruments, but in most market environments we focus and expect
to
continue to focus primarily on long and short positions in publicly-traded equity and
fixed income securities.
We also provide non-discretionary investment recommendations to a separately managed
account client that is a collective investment scheme established in accordance with the
Spanish legislation as an open-ended investment company (the “SMA” and together with
the Funds, the “Clients”). While we have ongoing responsibility to select or make
recommendations, based upon the needs of the SMA, as to specific securities or other
investments the SMA may purchase or sell, the SMA’s trading activity is ultimately
determined, and executed, by the SMA’s investment manager (the “SMA Manager”),
which is not affiliated with or controlled by us. We generally make recommendations to
the SMA Manager to enter into transactions for the SMA that are the same as or
substantially similar to those that we are entering into for the Funds, subject to the SMA’s
investment policies and available capital.
We generally do not permit investors in the Funds to impose limitations on the investment
activities described in the offering documents for the Funds. Any restrictions on the
securities that we recommend to the SMA are contained in our advisory agreement with
respect to the SMA. (See Item 16 below)
We do not participate in wrap fee programs.
As of January 31, 2024, we managed (i) on a discretionary basis, approximately $408
million of regulatory assets under management and approximately $407 million of net
assets under management, and (ii) on a non-discretionary basis, approximately $67 million
of regulatory assets under management and approximately $67 million of net assets under
management.
ARMOR ADVISORS, L.L.C. Form ADV: Part 2A Page 4