The ALTAIR ADVISERS, LLC is a privately held investment adviser that advises $9.13Bn in regulatory assets under management held in 1 SEC fund types across 1 investment strategies. ALTAIR ADVISERS, LLC is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 79.18% over the last 5-years.
The Group has been registered with the SEC for 23.75 years and is comprised of 1 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 225 W. WASHINGTON STREET SUITE 2400, CHICAGO, IL. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 75 employees comprised of 32 investment and 43 non-investment staff. The total number of Employees increased by 38.89% over the last 5-years.
Their $9.13Bn in assets advised are owned by 1 private fund, 1 public fund and BDCs and 103 other accounts. Assets of High Net Worth Individuals clients own $5.62Bn or 61.49% of Total Assets and Investment Companies (IC) own $1.5Bn or 16.47% of Total Assets.
The Group's top investment strategies include Long/Short Equity, representing 100% of total assets, respectively.
They advise 6 types of clients, top clients are High Net Worth Individuals and Investment Companies (IC).
The Group uses 2 Fund Administrators, 2 Fund Auditors, 0 Prime Brokers, 2 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses fixed fees and management fees.
ALTAIR ADVISERS, 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 MEDIUM-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 ALTAIR ADVISERS, LLC's case, they have 13 business conditions that require high process maturity and 2 Watch Factors.