Zephyr Capital LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$8,982,764
Clients
10
100% high-net worth
Advisors
1
of 4 employees
Firm type
Supported
1-3 advisors or $200M+ in AUM
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
10
Very LowAverage account size
$898,276
About
Zephyr Capital LLC provides discretionary investment advisory and portfolio management exclusively to qualified clients who meet the definition for performance-based fee arrangements, managing roughly $9 million in client assets. The firm establishes an Investment Policy Statement for each client, assigns clients to one of six risk profiles, and handles account setup, ongoing trade execution, periodic rebalancing, and quarterly performance reporting.
Zephyr pursues a tactical, long-short approach that incorporates ETFs, ETNs, VIX futures and other derivatives and employs active trading techniques such as technical stops, trailing stops, a VXX short-term hedging model, and NAV premium/discount signals. Portfolios are monitored daily and rebalanced weekly as needed, with discretionary trading executed within each client’s IPS; the firm also offers complimentary scenario analysis and goal-tracking for interested qualified clients.
What distinguishes Zephyr from many peers is its universal use of performance‑based fees combined with active derivative strategies (including VIX futures and ETNs) in separately managed accounts, an arrangement less common among similarly sized supported advisers. The firm also limits its practice to qualified investors eligible for performance fees and emphasizes short‑term tactical trading and derivative hedging rather than traditional financial planning for retail non‑qualified clients.
Client services
Portfolio management
Expertise
Active portfolio management
Fee options
2% per annum on assets under management
20% of profits earned, charged quarterly in arrears
Account minimum: $100,000
Main office location
Zephyr Capital LLC
330 N Wabash Ave, Ste 2300
Chicago IL 60611, United States
Number of offices
1
Most active in
Zephyr Capital LLC has reported serving >5 clients in these states in the last 12 months.
Illinois
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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