Gruss Capital Management LP

Gruss Capital Management LP is a hedge fund sponsor based out of New York City, New York. The company was originally established in 2000 and has grown from its inception to now have an additional location in London, United Kingdom, which largely operates as a separate entity under Gruss Capital Management LLP. Gruss Capital Management conducts its research internally and externally, utilizing a fundamental methodology to make its investment decisions. The company invests in the hedging markets on a global scale, investing in a variety of investments including distressed credits, long and short value, event driven strategy, and debts employing arbitrage, among others. Gruss Capital Management invests most heavily in the consumer discretionary sector, which alone makes up over a third of its total asset allocations, and also invests in the information technology, which makes up another quarter of the firm’s total allocations, materials, finance, consumer staples, and real estate sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company on average holds its allocations for 2.5 quarters and holds its top 10 allocations for 3.1 quarters. In the most recent quarter, Gruss Capital Management has had a turnover rate of approximately 61.7%. Gruss Capital Management now operates with 40 employees of which 14 are investment professionals. The company manages over $3,1 billion in total assets under management spread across 8 total accounts, all of which are discretionary. While Gruss Capital Management’s total number of accounts has been somewhat volatile in recent years, its total assets under management has been increasing despite slight volatility, growing significantly from $1.77 billion back in 2010 to approach twice that amount today. The company currently caters exclusively to pooled investment vehicles. Gruss Capital Management takes advisory fees in the form of a percentage of assets and various performance based fees.