DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

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SEC-registered adviser

H••••• C•••••• M••••••••• L••

Asset manager (funds and pooled vehicles)Pearl River, New YorkCRD 159798SEC 801-73234websiteIAPD
Latest filing Mar 24, 2026
First filing on the tape Feb 9, 2012 · 27 filings
SEC status approved since Mar 23, 2012
RAUM
$13B
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
0.0%
$0 individuals and HNW
Advisors
0
registered through the firm on IAPD
RAUM per advisor
n/a
derived; firm RAUM over IAPD count
Employees
9
5 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
1
reported on Schedule D
History
27 filings and snapshots on the tape
RAUM$13B as of Mar 24, 2026
Mar 1, 2013$2.0B then
HNW client RAUM: no history
State-registered IARs (5.B.3)0 as of Mar 24, 2026
Mar 1, 20130 then
Employees (5.A)9 as of Mar 24, 2026
Mar 1, 20139 then
Private funds1 as of Mar 24, 2026
Mar 1, 20132 then
RAUM -39% over the last fiscal year-35% a year over threeIARs 0 to 0
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
RAUM per advisor
unknownderivedRAUM over IAPD advisors; not a book size
Clients per advisor
unknownderivedindividual and HNW clients (5.D) over advisors
Average HNW client
unknownderivedHNW RAUM over HNW clients
Average account
$4.5BderivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.0%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
unknownderivedItem 5.A over advisors
Advisors per office
unknownderived1 offices incl. principal (1.F.5)
RAUM growth, one year
-39%derivedbetween the last two annual amendments
Advisor growth, one year
unknownderivedItem 5.B.3 between annual amendments
Client growth, one year
unknownderived
Compensation
percentage of assets, performance-basedreportedItem 5.E
Advisory activities
portfolio management for pooled vehiclesreportedItem 5.G
Custody
$411M, 1 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • has custody of client cash or bank accounts (9.A.1.a)
  • has custody of client securities (9.A.1.b)
  • a related person has custody of client cash (9.B.1.a)
  • a related person has custody of client securities (9.B.1.b)
  • an independent public accountant performs a surprise examination (9.C.1)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • Pooled investment vehicles$13B100%
Individual clients
n/areported
HNW clients
n/areported
Pension plan clients
n/areported
Charitable clients
n/areported
Accounts
3reported
Financial planning clients
reported
Wrap fee programs
noreported
Custody of client assets
$411M for 1 clientsreported
Compensation
% of AUM, performancereported
Class basis
private_client_share=0.0 fund_share=1.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
0 on IAPD today, longest tenure first
No representative is registered through this CRD on IAPD.
Advisor movement
Left, latest
none on the tape
    Joined, latest
    none on the tape
      Private funds
      2 reported on Schedule D 7.B.(1)
      FundTypeGross assetsOwnersFirst reported
      R•••••••• L•••Hedge Fund$25B498Feb 9, 2012
      H••••• M••••• S••no longer reportedHedge Fund$37.2M7Feb 9, 2012
      Owners and control persons
      Schedule A and B, latest filing
      • H•••••• S•••• N•••• · Presidentcontrol
        since 03/1997 · owns less than 5%
      • S•••• J••• Y• · Chief Financial Officercontrol
        since 10/2008 · owns less than 5%
      • T••••• M•••••••• M•••••• · Chief Operating Officer / Chief Compliance Officercontrol
        since 11/2019 · owns less than 5%
      • H•••••• K•••• · Trusteecontrol
        since 12/2012 · owns F of H••••• F••••• G•• E••••• 2••• T••••
      • H•••••• S•••• N•••• · Limited Partnercontrol
        since 08/2016 · owns 50% to 75% of C••••••••• P••••••••• L•
      • H•••••• S•••• N•••• · Managing Membercontrol
        since 08/2016 · owns 75% or more of C••••••••• A••••••••• L••
      Entity owners
      • C••••••••• P••••••••• L• · Member
        direct · owns 75% or more
      • C••••••••• A••••••••• L•• · General Partner
        indirect · owns F of C••••••••• P••••••••• L•
      • H••••• F••••• G•• E••••• 2••• T•••• · Limited Partner
        indirect · owns 25% to 50% of C••••••••• P••••••••• L•
      Related persons
      Schedule D 7.A
      • C••••••••• A••••••••• L••
        y
      • C••••••••• P••••••••• L•
        y
      Offices
      Schedule D 1.F, the 25 largest
      No branch office listed.
      ADV anomalies
      2 against comparable advisers; where to look, not conclusions
      • employee count dropChange between filings · filing Mar 24, 2026
        employees (Item 5.A) moved from 15.0 to 9.0 (-40.0%) between the annual amendments of 2025-03-26 and 2026-03-24; the peer median change was +3.0% (595 comparable advisers, 0.0th percentile of changes)
        peers: asset managers, $5B to $20B (595) · 0.2% percentile
      • RAUM down 25 %Change between filings · filing Mar 24, 2026
        RAUM (Item 5.F) moved from $21,921,075,869 to $13,404,190,608 (-39.0%) between the annual amendments of 2025-03-26 and 2026-03-24; the peer median change was +13.0% (631 comparable advisers, 1.0th percentile of changes)
        peers: asset managers, $5B to $20B (631) · 0.6% percentile
      What changed
      consecutive filings, newest first
      • Advisory employees · 8 to 5
        Jul 23, 2025 to Mar 24, 2026
      • Assets in custody · $459M to $411M
        Jul 23, 2025 to Mar 24, 2026
      • Employees · 15 to 9
        Jul 23, 2025 to Mar 24, 2026
      • Discretionary RAUM · $22B to $13B
        Jul 23, 2025 to Mar 24, 2026
      • Pooled vehicle RAUM · $22B to $13B
        Jul 23, 2025 to Mar 24, 2026
      • RAUM · $22B to $13B
        Jul 23, 2025 to Mar 24, 2026
      • Financial planning clients · unset to
        Mar 26, 2025 to Jul 23, 2025
      • Assets in custody · $757M to $459M
        Mar 25, 2024 to Mar 26, 2025
      • Employees · 14 to 15
        Mar 25, 2024 to Mar 26, 2025
      • Discretionary RAUM · $25B to $22B
        Mar 25, 2024 to Mar 26, 2025
      • Pooled vehicle RAUM · $25B to $22B
        Mar 25, 2024 to Mar 26, 2025
      • RAUM · $25B to $22B
        Mar 25, 2024 to Mar 26, 2025
      • Assets in custody · $1.7B to $757M
        Mar 30, 2023 to Mar 25, 2024
      • Discretionary RAUM · $50B to $25B
        Mar 30, 2023 to Mar 25, 2024
      • Pooled vehicle RAUM · $50B to $25B
        Mar 30, 2023 to Mar 25, 2024
      • RAUM · $50B to $25B
        Mar 30, 2023 to Mar 25, 2024
      • Advisory employees · 7 to 8
        Nov 3, 2022 to Mar 30, 2023
      • Assets in custody · $609M to $1.7B
        Nov 3, 2022 to Mar 30, 2023
      • Employees · 13 to 14
        Nov 3, 2022 to Mar 30, 2023
      • Discretionary RAUM · $63B to $50B
        Nov 3, 2022 to Mar 30, 2023
      • Pooled vehicle RAUM · $63B to $50B
        Nov 3, 2022 to Mar 30, 2023
      • RAUM · $63B to $50B
        Nov 3, 2022 to Mar 30, 2023
      • Advisory employees · 6 to 7
        Mar 31, 2021 to Mar 30, 2022
      • Assets in custody · $248M to $609M
        Mar 31, 2021 to Mar 30, 2022
      • Employees · 11 to 13
        Mar 31, 2021 to Mar 30, 2022
      • Discretionary RAUM · $25B to $63B
        Mar 31, 2021 to Mar 30, 2022
      • Pooled vehicle RAUM · $25B to $63B
        Mar 31, 2021 to Mar 30, 2022
      • RAUM · $25B to $63B
        Mar 31, 2021 to Mar 30, 2022
      • Advisory employees · 5 to 6
        Sep 28, 2020 to Mar 31, 2021
      • Assets in custody · $205M to $248M
        Sep 28, 2020 to Mar 31, 2021
      • Employees · 10 to 11
        Sep 28, 2020 to Mar 31, 2021
      • Discretionary RAUM · $19B to $25B
        Sep 28, 2020 to Mar 31, 2021
      • Pooled vehicle RAUM · $19B to $25B
        Sep 28, 2020 to Mar 31, 2021
      • RAUM · $19B to $25B
        Sep 28, 2020 to Mar 31, 2021
      • HQ city · NEW YORK to PEARL RIVER
        Mar 30, 2020 to Sep 28, 2020
      • Assets in custody · $12B to $205M
        Nov 22, 2019 to Mar 30, 2020
      • Employees · 9 to 10
        Nov 22, 2019 to Mar 30, 2020
      • Other offices · 1 to 0
        Nov 22, 2019 to Mar 30, 2020
      • Discretionary RAUM · $12B to $19B
        Nov 22, 2019 to Mar 30, 2020
      • Pooled vehicle RAUM · $12B to $19B
        Nov 22, 2019 to Mar 30, 2020
      Signals
      9 dated events
      • H••••• C•••••• M••••••••• L•• reported RAUM $13.4B, down 39% from $21.9B (2025-07-23 to 2026-03-24)
        Mar 24, 2026 · RAUM change · derived
      • H••••• C•••••• M••••••••• L•• reported RAUM $25.4B, down 49% from $49.8B (2023-03-30 to 2024-03-25)
        Mar 25, 2024 · RAUM change · derived
      • H••••• C•••••• M••••••••• L•• reported RAUM $62.6B, up 148% from $25.2B (2021-03-31 to 2022-03-30)
        Mar 30, 2022 · RAUM change · derived
      • H••••• C•••••• M••••••••• L•• reported RAUM $25.2B, up 36% from $18.5B (2020-09-28 to 2021-03-31)
        Mar 31, 2021 · RAUM change · derived
      • H••••• C•••••• M••••••••• L•• reported RAUM $18.5B, up 57% from $11.8B (2019-11-22 to 2020-03-30)
        Mar 30, 2020 · RAUM change · derived
      • Tanenbaum Ellen Arthur (General Counsel / Chief Compliance Officer) no longer on Schedule A of H••••• C•••••• M••••••••• L•• (listed 2019-03-29, absent 2019-11-22)
        Nov 22, 2019 · Control person left · inference
      • Macleod Marshall Terry (Senior Vice President Of Operations/ Chief Compliance Officer) appeared on Schedule A of H••••• C•••••• M••••••••• L••
        Nov 22, 2019 · Control person joined · fact
      • H••••• C•••••• M••••••••• L•• reported RAUM $11.8B, up 43% from $8.3B (2018-03-29 to 2019-03-29)
        Mar 29, 2019 · RAUM change · derived
      • H••••• C•••••• M••••••••• L•• reported RAUM $8.3B, up 38% from $6.0B (2017-07-19 to 2018-03-29)
        Mar 29, 2018 · RAUM change · derived
      Across DFX
      shared identifiers only, never a name match
      No identifier-backed link to the venture, private equity, family office or sponsor graphs.
      How to reach
      public business contact points only, each with its source
      Firm profile
      LINKEDIN.COM/COMPANY/H•••••-CAPITAL-MANAGEMENTreportedpublic record, Form ADV, Sep 18, 2026
      Website
      H•••••CAPITAL.COMreportedpublic record, Form ADV, Sep 18, 2026
      Principal office phone
      212-752-5077reportedpublic record, Form ADV, Mar 24, 2026
      Provenance
      Form ADV
      SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
      Advisors
      IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
      Class
      Asset manager (funds and pooled vehicles)deriveda rule over Items 5.D and 7.A
      RAUM per advisor
      n/aderivedfirm RAUM over the IAPD count; not a book size
      Loaded
      Sep 14, 2026