ARBITER PARTNERS

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Adviser Profile
As of Date 05/08/2024
Adviser Type - Large advisory firm
Number of Employees 12
of those in investment advisory functions 7
Registration SEC, Approved, 2/22/2011
AUM* 691,900,000 -5.76%
of that, discretionary 425,800,000 -42.00%
Private Fund GAV* 345,000,000 -0.12%
Avg Account Size 31,450,000 -5.76%
% High Net Worth 59.09% 12.81%
SMA’s Yes
Private Funds 5
Contact Info 212 xxxxxxx
Websites

Client Types

- High net worth individuals
- Pooled investment vehicles
- Charitable organizations
- Other

Advisory Activities

- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses

Compensation Arrangments

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

Recent News

Reported AUM

Discretionary
Non-discretionary
1B 868M 723M 578M 434M 289M 145M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$130,500,000
Fund TypeOther Private Fund Count3 GAV$214,500,000

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Top Holdings

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Stck Ticker88160R101 Stock NameTESLA INC (PUT) $ Position$37,874,232 % Position38.00% $ Change609.00% # Change530.00%
Stck Ticker397624206 Stock NameGREIF INC-CL B $ Position$12,439,447 % Position12.00% $ Change-10.00% # Change0.00%
Stck Ticker140475203 Stock NameSONIDA SENIOR LIVING INC $ Position$9,968,627 % Position10.00% $ Change-28.00% # Change-25.00%
Stck Ticker038923108 Stock NameARBOR REALTY TRUST INC (PUT) $ Position$7,417,515 % Position7.00% $ Change22.00% # Change12.00%
Stck Ticker85916J409 Stock NameSTEREOTAXIS INC $ Position$5,062,728 % Position5.00% $ Change-30.00% # Change1.00%
Stck TickerG9001E128 Stock NameLIBERTY LATIN AMERIC-CL C $ Position$3,550,242 % Position4.00% $ Change38.00% # Change0.00%
Stck Ticker21871X109 Stock NameCOREBRIDGE FINANCIAL INC $ Position$2,584,545 % Position3.00% $ Change1.00% # Change0.00%
Stck TickerG9001E102 Stock NameLIBERTY LATIN AMERIC-CL A $ Position$1,580,662 % Position2.00% $ Change38.00% # Change0.00%
Stck Ticker384747101 Stock NameGRAIL INC $ Position$2,151,800 % Position2.00% $ Change # Change
Stck Ticker504922105 Stock NameLABCORP HOLDINGS INC $ Position$1,648,431 % Position2.00% $ Change # Change

Brochure Summary

Overview

Paul J. Isaac is the founder, majority principal, and portfolio manager of Arbiter Partners Capital Management, LLC (“Arbiter Partners”). Arbiter Partners was formed in January 2007 and is the investment manager to multiple investment funds operated under the Arbiter name. However, our operations predate the formation of Arbiter Partners and our first fund was founded in 2001. Our funds are opportunistic, investing primarily in equities, fixed income, and derivatives using a variety of long / short strategies. The goal is to maximize long-term capital appreciation. The investments are generally global in scope and are made across a range of instruments, including the occasional ETF, closed end mutual fund, and private placement. We have a global financials fund that is primarily long equities and concentrated in a single sector. We also offer special opportunity funds, which are long only and focus on investments in the securities of a single corporate complex, and accordingly, are concentrated investments involving a smaller range of instruments. As of January 1, 2024, our advised funds had approximately $345 million under management on a discretionary basis. At the beginning of 2013, Arbiter Partners began offering advisory services to certain large clients through separately
managed accounts. These accounts pursue similar investment objectives to our funds and seek long-term capital appreciation through investment programs similar to our primary and/or special opportunity funds. They may invest in parallel to our funds. These accounts had approximately $81 million under management as of January 1, 2024. Arbiter Partners also provides management and certain administrative services to various accounts controlled by Mr. Isaac or his family and to certain trusts related to his family (the “Isaac Accounts”). These accounts have considerable overlap in strategies to the Arbiter funds, except that they are generally long-only, use few or no derivatives, and are willing to accept greater illiquidity, country and interim price risk. Other than through the agreements that control our separately managed account relationships and the agreements entered into on behalf of our single investor funds, we do not generally tailor advisory services to the individual needs of a client or an investor. In the context of these agreements Arbiter Partners has agreed to modify the investment program of such accounts and funds to facilitate specific client or investor requests, and we may do so in the future. We do not currently participate in any wrap fee programs.