YAKIRA CAPITAL MANAGEMENT, INC. other names

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Adviser Profile

As of Date:

03/12/2024

Adviser Type:

- Large advisory firm

Number of Employees:

4

of those in investment advisory functions:

3

Registration:

SEC, Approved, 3/5/2012

AUM:

372,500,049 -33.95%

of that, discretionary:

372,500,049 -33.95%

Private Fund GAV:

83,595,206 -6.78%

Avg Account Size:

124,166,683 -33.95%

SMA’s:

NO

Private Funds:

2

Contact Info

203 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
848M 727M 606M 485M 364M 242M 121M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News



Private Funds Structure

Fund Type Count GAV
Hedge Fund 2 $83,595,206

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Private Funds



Employees




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Brochure Summary

Overview

The Adviser is a Delaware corporation that began operations in 1997 and is principally owned by Bruce M. Kallins, the Adviser’s principal, chief investment officer (“Principal”). The Adviser currently provides discretionary investment advisory and sub-advisory services to private investment funds (collectively the “Fund” or the “Funds”). The private investment funds sponsored by the Adviser and its affiliates are Yakira Partners, L.P., a Delaware limited partnership and Yakira Enhanced Offshore Fund Ltd., a Cayman Island Limited Company (the “Yakira Funds”). The General Partner of Yakira Partners, L.P. is YP Management, L.L.C., which is a New York limited liability company (the “General Partner”). The Funds’ investment objectives, strategies and processes are described in the Confidential Private Placement Memorandum or the Investment Management Agreement (collectively the “Governing Documents”). The Governing Documents, in addition to describing, among other things, our investment management relationship, the Funds’ investment program and objective and the specific terms applicable to an investment in the Funds (including as to fees and other compensation, costs and expenses, and liquidity), contains a discussion of various risk factors and considerations, as well as certain conflicts of interest, that generally is more extensive
in scope and detail than those described in this Brochure. Accordingly, this Brochure and the information set forth herein are qualified in its entirety by the disclosures and the terms in the Funds’ Governing Documents. The Adviser serves as the Funds’ investment manager and has full discretion to manage the Funds’ investment portfolio. The Funds’ investment objective is to achieve consistent superior investment results over time relatively independent of the returns generated by the overall equity markets. The Funds attempt to realize this by investing principally in securities subject to reorganizations where the Adviser believes the market price does not adequately reflect the effect that such reorganization will have on the securities valuation. The Funds invest primarily in risk arbitrage, restructurings, mergers, exchange offers, closed‐end funds, SPACs and other special situations including value plays. The Funds also engages in balance sheet arbitrage, pair trading within the same industry group, short selling and other investments in securities. The Adviser’s methods of analysis, investment strategies, and risks are further described in Item 8 below. As of December 31, 2023, the Adviser had approximately $372,500,049 of regulatory assets under management, all of which are managed on a discretionary basis.