Ionic Capital Management LLC

Ionic Capital Management LLC is an investment management firm based out of New York City, New York. The company was originally established in 2006 by a group of principals including Bart Ethan Baum, Daniel L. Stone, and Adam S. Radosti, all three of whom are still with the company today acting as its CIO, CRO, and COO, respectively, as well as portfolio managers and principals. Ionic Capital Management conducts its research both internally and externally, utilizing a quantitative methodology to make its investment decisions. The company invests in the public equity, alternative, and fixed income markets on a global scale, allocating its asset across a variety of sectors. Ionic Capital Management invests most heavily in the finance sector, which alone makes up over a third of the firm’s total asset allocations, and also invests in the consumer discretionary, information technology, health care, materials, and consumer staples sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations for just over 2 quarters on average, although the firm only holds its top 10 allocations for 0.8 quarters on average. In the most recent quarter, Ionic Capital Management had a turnover rate of approximately 57.2%. Ionic Capital Management manages over $4.3 billion in total assets under management spread across 20 total accounts, all of which are discretionary accounts. Both of the firm’s total number of accounts and total assets under management have been increasing in recent years with its total managed assets growing significantly, increasing from $2.1 billion back in 2011 to over twice that amount today. Ionic Capital Management mainly caters to pooled investment vehicles, which alone makes up over three quarters of its client base both in terms of accounts and in total attributed assets. The company takes advisory fees in the form of a percentage of assets and various performance based fees.