other names
{{ Info.Overview }}
Revenue {{ Info.Revenue | formatUSD }}
Headquarters {{ Info.Headquarters }}

Adviser Profile

Registration status Terminated
As of Date 03/21/2024
Adviser Type - Large advisory firm
Number of Employees 6
of those in investment advisory functions 3
AUM* 256,898,885 -7.09%
of that, discretionary 256,898,885 -7.09%
Private Fund GAV* 0 -100.00%
Avg Account Size 128,449,443 -7.09%
SMA’s No
Private Funds 0 1
Contact Info 312 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
320M 274M 228M 183M 137M 91M 46M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Brochure Summary

Overview

A. General Description of Advisory Firm. Sirius Partners, L.P., which we will refer to as “Sirius,” “the Firm”, “we”, “us” or “our”, is an Illinois limited partnership formed by Peter B. Foreman in January 1994, when Sirius began operations. Sirius provides investment advice and other services to its clients. Sirius is owned by Sirius Corporation, an Illinois limited liability “S” corporation, which serves as General Partner, and two trusts of which Mr. Foreman and Frances Tuite are co-trustees. Sirius Corporation is owned by a trust established for the benefit of Mr. Foreman’s family of which Virginia Foreman and Frances Tuite are trustees. Sirius currently serves as the General Partner of an Illinois limited partnership formed in January 1997 and of another Illinois limited partnership formed in June 1978, which is closed to new investors and invests substantially all its capital in the first limited partnership. We refer to these limited partnerships collectively as the “Fund.” The Fund is a domestic master-feeder fund of funds, Procyon Partners LP (“Procyon” or the “Fund”). The Fund has one investee fund, Hesperus Ltd. (“Hesperus” or “Feeder/Investee Fund”), which was the original limited partnership referenced above. Hesperus is closed to new investors and no longer an active Feeder/Investee Fund. Substantially all the assets of Hesperus are invested in Procyon. For recordkeeping purposes, it is treated as an investor of Procyon. Mr. Foreman is primarily responsible for managing Sirius’ investment program on behalf of the Fund. The investment team consists of Mr. Foreman, Mr. Michael Jawor, and Mr. Lee Wolf. Since the Fund invests in futures contracts, Sirius also became registered as a Commodity Trading Adviser and Commodity Pool Operator with the Commodity Futures Trading Commission (“CFTC”) in May 2013 and with the NFA in April 2014. The CFTC is a federal regulatory agency with jurisdiction over futures trading. The National Futures Association (“NFA”) is the self- regulatory organization for the U.S. derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency (forex) and OTC derivatives (swaps). A Commodity Pool Operator (“CPO”) is an individual or organization which operates a commodity pool and solicits funds for that commodity pool. A commodity pool is an enterprise in which funds contributed by several persons are combined to trade futures contracts, options on futures, retail off-exchange forex contracts or swaps, or to invest in another commodity pool. A Commodity Trading
Advisor (“CTA”) is an individual or organization which, for compensation or profit, advises others, directly or indirectly, as to the value of or the advisability of buying or selling futures contracts, commodity options, retail off-exchange forex contracts or swaps. Providing advice indirectly includes exercising trading authority over a customer's account as well as giving advice through written publications or other media. Sirius has a prime brokerage relationship with Cowen Prime Services as an introducing firm. B. Description of Advisory Services (including any specializations) Sirius’ investment program entails investing the Fund’s capital directly in a broad range of securities and with unaffiliated underlying managers, which we refer to as “Portfolio Managers,” both through managed accounts and through investing in private funds, which we refer to as “Portfolio Funds.” Sirius formulates investment objectives, directs and manages the investment and reinvestment of the Fund’s assets, and provides reports to investors in the Fund. Investment advice is provided directly to the Fund according to the Fund’s investment objectives and not individually to any Fund investor. Fund investors may not impose restrictions on the Fund’s investment activities. We have full discretionary authority with respect to investment decisions for the Fund. We provide our services at the fund level, in accordance with the investment objectives and guidelines set forth in the funds’ respective offering documents, and we do not provide investment advisory services for individual investors in our funds. The clients to whom we provide investment advice are private investment funds offered to investors on a private placement basis. Details regarding applicable suitability criteria for investors in our funds are set forth in the funds’ offering and subscription documents. We may in the future manage or accept other types of client accounts which may be tailored by individual client, at our sole discretion. C. Availability of Tailored Services for Individual Clients Investment advice is provided directly to the Fund according to the Fund’s investment objectives and not individually to any Fund investor. Fund investors may not impose restrictions on the Fund’s investment activities. D. Wrap Fee Programs. This is not applicable as we do not offer any wrap fee programs. E. Client Assets Under Management. As of December 31, 2022, Sirius managed approximately $276,511,707 of client assets, all of which is managed on a discretionary basis.