SHANNON RIVER FUND MANAGEMENT, LLC

other names
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Adviser Profile
As of Date 04/25/2024
Adviser Type - Large advisory firm
Number of Employees 11
of those in investment advisory functions 7
Registration SEC, Approved, 3/7/2012
AUM* 722,754,167 12.41%
of that, discretionary 722,754,167 12.41%
Private Fund GAV* 609,335,353 21.55%
Avg Account Size 120,459,028 12.41%
SMA’s No
Private Funds 2
Contact Info 212 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
2B 2B 1B 1B 892M 595M 297M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count2 GAV$609,335,353

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Brochure Summary

Overview

Shannon River Fund Management LLC is a registered investment adviser with the SEC and was founded in 2003 by its managing member, Spencer Waxman. Shannon River Fund Management LLC and Doonbeg Global Management LLC (collectively “Shannon River”, the “Adviser”, “we”, “us” “our” or the “Firm”) are the investment advisers to private pooled investment vehicles via master feeder structures and separately managed funds (each a “Private Fund” and collectively the “Private Funds”). Shannon River is also a sub-advisor to a Luxembourg UCITS product and an Irish UCITS product (each, a “UCITS Fund”). Shannon River may in the future manage other pooled investment vehicles or accounts (including separately managed accounts). Shannon River Capital Management LLC, Doonbeg Capital Management LLC, Doonbeg Fund Management LLC and Doonbeg Global Management LLC operate in the course of the Firm’s investment management business as though they are registered investment advisers and are deemed “Relying Advisers” pursuant to the January 18, 2012 no-action letter issued by the SEC staff to the American Bar Association. As such, each “Relying Adviser” has completed a separate Schedule R on the Form ADV Part 1a. Shannon River provides investment management services
to the Private Funds based upon specific investment objectives and strategies. The Private Funds are managed in accordance with their own objectives and are not tailored to any particular private fund investor (each an “Investor” and collectively “Investors” ). The Private Funds generally invest in long and short equity securities, focused on sectors which include technology, media and telecommunications. The primary objective of the Funds is to achieve capital appreciation while carefully managing risk and market exposure. As a sub-adviser to the UCITS Funds, Shannon River employs substantially similar investment strategies as it uses for the Private Funds, while taking into account the greater need for position liquidity caused by regulations applicable to the UCITS Funds and certain investment guidelines and/or restrictions applicable to such clients. Such investment guidelines and/or restrictions may be negotiated with respect to each sub-advisory client, and are set forth in their respective governing agreements. As of December 31, 2023, Shannon River managed Regulatory Assets under Management (“RAUM”) of approximately US $722,754,167 on a discretionary basis. Shannon River does not manage any assets on a non-discretionary basis.