The CASTLEARK MANAGEMENT LLC is a privately held investment adviser that advises $4.26Bn in regulatory assets under management held in 1 SEC fund types across 2 investment strategies. CASTLEARK MANAGEMENT LLC is a SMA An SMA manager is a manager whose >=75% of total assets under management are in separately managed accounts, which are discretionary client-specific accounts rather than pooled vehicles. Manager. Assets increased by 34.08% over the last 5-years.
The Group has been registered with the SEC for 27.01 years and is comprised of 2 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 1 N. WACKER DRIVE, SUITE 3950, CHICAGO, IL. The Group has not been subject to regulatory enforcement actions. They are regulated by 2 US and Non-US bodies.
They have 33 employees comprised of 22 investment and 11 non-investment staff. The total number of Employees decreased by 10.81% over the last 5-years.
Their $4.26Bn in assets advised are owned by 6 private funds, 1 public fund and BDCs and 14 other accounts. Assets of Government Entities and Pension Plans clients own $2.75Bn or 64.52% of Total Assets and Investment Companies (IC) own $623.8mn or 14.65% of Total Assets.
The Group's top investment strategies include Long/Short Equity and Commodities, representing 97.13% and 2.87% of total assets, respectively.
They advise 5 types of clients, top clients are Government Entities and Pension Plans and Investment Companies (IC).
The Group uses 1 Fund Administrators, 2 Fund Auditors, 1 Prime Brokers, 2 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 1 private funds with $9.2mn in assets.
The Group discloses management fees and performance-based fees.
CASTLEARK MANAGEMENT LLC names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a HIGH-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In CASTLEARK MANAGEMENT LLC's case, they have 15 business conditions that require high process maturity and 1 Watch Factors.