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Venator Management LLC

Updated today

Client assets under management

$283,303,253

Clients

78

83% high-net worth

Advisors

2

of 3 employees

Firm type

Team

4-10 advisors or $500M+ in AUM

Clients per advisor

39

Low

Average account size

$3,632,093

About

Venator Management LLC serves both individual and institutional investors through a pooled hedge fund (Venator Capital Partners LP) and discretionary separately managed accounts for individuals, pension and profit sharing plans, trusts, foundations, and endowments. Its client services focus on portfolio management, investment research, trading, proxy voting and client reporting rather than comprehensive financial planning.

The firm follows an opportunistic, value‑oriented investment discipline that emphasizes independent fundamental research, price discipline and a margin of safety; separately managed accounts pursue a multi‑cap value strategy typically concentrated in 10–20 public equity positions while the hedge fund employs concentrated long and short positions and may opportunistically invest in credit, restricted and private securities. Venator manages all client accounts on a discretionary basis, tailors equity exposure on request for separately managed accounts, and uses both quantitative screening and direct company analysis in its process.

Venator is also a private fund adviser and fund sponsor, with the hedge fund subject to a performance allocation (15% of net profits subject to a high water mark) and a seed investor arrangement that receives a portion of management fees and allocations. The firm manages roughly $512 million across the fund and separately managed accounts—a level of assets notable relative to the size of its advisory staff—and provides quarterly performance reporting, annual audited financials for the fund, and formal procedures to address side‑by‑side management and trade allocation conflicts.

Client services

Portfolio management

Expertise

Active portfolio management Options & derivatives strategies Concentrated stock management

Occupation focus

Founder/Business Owner

Fee options

Percentage

$0 - $2.5 million: 1.00% annually $2.5 million - $10 million: 0.75% annually $10 million - $25 million: 0.65% annually $25 million+: 0.50% annually

Performance-based

15% of net profits annually for Hedge Fund clients, subject to a high water mark; not charged on separately managed accounts.

Other

Account minimum: $250,000

Main office location

Venator Management LLC

607 Washington Road, Suite 400

Pittsburgh PA 15228, United States

Number of offices

2

Most active in

Florida · Pennsylvania

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Advisors at this firm

user avatar

Constantine M

Series 65

Pittsburgh, PA

Venator Management LLC

Constantine Mamakos is a financial advisor at Venator Management LLC with 11 years of industry experience. He holds a Series 65 designation and has been with Venator Management since 2013. The firm serves accredited investors through a private pooled vehicle and manages separately managed accounts for individuals, pension and profit-sharing plans, trusts, foundations, and endowments. Venator employs an opportunistic, value-oriented investment approach focused on fundamental analysis and a margin-of-safety, managing both long-only multi-cap value portfolios and a hedge fund program with long, short, options, credit, and private securities strategies.

Active portfolio management Options & derivatives strategies Concentrated stock management Founder/Business Owner
user avatar

David F

CFA®

Pittsburgh, PA

Venator Management LLC

David Fallgren is a CFA® charterholder with 25 years of experience in the investment industry. He has worked at Venator Management LLC since 2020 and previously spent seven years at Rockshelter Capital Management LLC. Based in Pittsburgh, PA, he is one of two advisors at Venator Management. Venator Management LLC serves accredited investors through a private pooled vehicle and manages separately managed accounts for individuals, pension plans, trusts, foundations, and endowments. The firm employs an opportunistic, value-oriented investment approach with a margin-of-safety philosophy, managing both multi-cap value portfolios and a private hedge fund with long and short positions, options, and credit securities.

Active portfolio management Options & derivatives strategies Concentrated stock management Founder/Business Owner
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