Magnetar Capital

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Key Facts

Founded2005
Websitehttps://www.magnetar.com/
HeadquartersEvanston, IL
Other OfficesNew York
Employees258
AUM$19.9 billion
AUM as ofAugust 15, 2017
StrategiesCredit
Clients91

Overview

Magnetar Capital is a hedge fund based in Evanston, IL with offices in New York. It was founded in 2005 by Alec Litowitz (formerly head of Risk Arbitrage at Citadel). They hold $19.9 billion in assets under management as of August 15, 2017. Read their Plain English Brochure.
Started 2008 with $8.3 billion in assets under management
Started 2007 with $4.1 billion in assets under management
Started in 2005 with $1.7 billion under management

56th in Institutional Investor's Top 100 Hedge Funds in 2009http://www.iimagazine.com/Rankings/RankingsHeFu100RGlobal09.aspx?src=http://www.iimagazinerankings.com/rankingsHeFu100RGlobal09/rankings.asp~page--10__cat--TotalAssets

78th in Institutional Investor's Top 100 Hedge Funds in 2008

Sub Funds and Performance

NameAUM (bn) Type Min Investment Num Clients Internal $ % Fund of Funds $ % Prime Brokers
Ast1 0.003 hedge fund 0 3 100.0
Ast9 0.023 hedge fund 0 20 100.0 2.0
Cn2C 0.088 hedge fund 0 16 100.0 49.0
Cn4D 0.164 hedge fund 50,000,000 12 Deutsche Bank Securities Inc.
Cns4 0.303 hedge fund 0 23 2.0 36.0 Credit Suisse, Deutsche Bank Securities Inc.
Eo1C 0.099 hedge fund 100,000 2
Eofc 0.199 hedge fund 5,000,000 16 3.0 3.0 Deutsche Bank Securities Inc.
Hfuc 0.040 hedge fund 1,000,000 20 48.0 74.0
Mcal 0.000 hedge fund 0 1 100.0
Mcoc 0.007 hedge fund 5,000,000 3 68.0 32.0 Credit Suisse, Deutsche Bank Securities Inc.
Meoc 0.101 hedge fund 100,000 37 85.0 10.0 Credit Suisse, Deutsche Bank Securities Inc.
Mfsm 0.156 hedge fund 0 5 100.0 98.0 Citi, Credit Suisse, Deutsche Bank Securities Inc.
Mged 0.103 hedge fund 0 8 100.0 1.0 Citi, Credit Suisse, Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Merrill
Mldc 0.000 hedge fund 0 9 100.0
Mlp2 0.168 hedge fund 5,000,000 38 27.0 27.0 Credit Suisse, Deutsche Bank Securities Inc., Merrill
Mltd 0.110 hedge fund 100,000 303 59.0 Credit Suisse, Merrill
Mpfd 1.503 hedge fund 100,000 39 14.0
Msom 0.220 hedge fund 0 36 21.0 92.0
Tmec 0.016 hedge fund 10,000,000 7 5.0 47.0
Tmem 0.097 hedge fund 0 18 72.0 Credit Suisse, Deutsche Bank Securities Inc., Merrill

Historical Performance

Returned 25.3% in 2007 http://www.chicagotribune.com/business/chi-wed_hedge_0109jan09,1,25363.story?ctrack=1&cset=true

Returned 7% in 2006http://media.ft.com/cms/02fd5a42-f338-11db-9845-000b5df10621.pdf

Key People

NameTitlePositionOwnership
Ross LaserPresident Owner or OfficerNone
Ross LaserNone Indirect Owner25 to 50%
Alec LitowitzNone Indirect Owner50-75%
Alec LitowitzChief Executive Officer Owner or OfficerNone
Benjamin PaullChief Financial Officer Owner or OfficerNone
Ernest RogersChief Operating Officer Owner or OfficerNone
Paul SmithChief Legal Officer Owner or OfficerNone
David SnydermanExecutive Committee Member Owner or OfficerNone
Michael TurroChief Compliance Officer Owner or OfficerNone
Karl WachterGeneral Counsel Owner or OfficerNone

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