ACK ASSET MANAGEMENT LLC

other names
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Adviser Profile
As of Date 03/06/2024
Adviser Type - Large advisory firm
Number of Employees 11 10.00%
of those in investment advisory functions 7 16.67%
Registration SEC, Approved, 9/21/2010
AUM* 1,099,860,395 54.94%
of that, discretionary 1,099,860,395 54.94%
Private Fund GAV* 1,089,205,717 55.62%
Avg Account Size 549,930,198 209.87%
SMA’s No
Private Funds 2
Contact Info 914 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
795M 681M 568M 454M 341M 227M 114M
2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$1,089,205,717

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Brochure Summary

Overview

ACK Asset Management LLC (“ACKAM”) has been in business since 2005. ACKAM serves as the investment adviser to ACK Asset Partners LP and ACK Asset Partners (Cayman) Ltd, both of which invest their assets in ACK Asset Master Fund LP, as well as the investment adviser to ACK Asset Partners II, LP. Collectively, these private funds are referred to as “Private Funds” or “Clients” herein. ACK Asset GP II LLC (“ACK GP”), an affiliate of ACKAM, serves as the general partner of the private funds that are organized as limited partnerships. ACKAM and ACK GP are collectively referred to as “ACK” or the “Adviser” throughout this brochure. ACK provides investment advisory services to the Private Funds based on the investment objectives described
in their offering documents and does not tailor investment advice to individual investors. The Private Funds are neither registered under the Securities Act of 1933, as amended, nor registered under the Investment Company Act of 1940, as amended. Accordingly, interests in the Private Funds are offered exclusively to investors satisfying the applicable eligibility and suitability requirements either in private placement transactions within the United States or in certain offshore jurisdictions. The firm is owned by Richard S. Meisenberg and John H. Reilly III, Managing Members. As of December 31, 2023, ACK managed discretionary client assets valued at approximately $ 1,099,860,000. ACK does not manage assets on a non-discretionary basis.