Arbiter Partners Capital Management, LLC

Arbiter Partners Capital Management, LLC is a New York-based investment firm specializing in value-oriented investments across multiple asset classes, including equities, fixed income, and derivatives. The firm primarily focuses on growth, late-stage, pre-IPO, buyout, turnaround, and distressed investments within the United States. Arbiter Partners employs a discretionary investment strategy, managing assets for private partnerships, institutional investors, family offices, and high-net-worth individuals. The firm's investment approach is opportunistic, aiming to maximize long-term capital appreciation through global investments, including ETFs, closed-end mutual funds, and private placements. As of January 1, 2025, the advised funds had approximately $366 million under management, with an additional $130 million managed through separately managed accounts. The firm charges management fees ranging from 0.35% to 1% annually, depending on the size and nature of the account, with fees generally increasing as client accounts grow. Clients also bear transaction fees when investments are bought or sold, as well as custody fees to the broker-dealer or bank maintaining each account. Arbiter Partners is registered with the Securities and Exchange Commission (SEC) as an investment adviser and operates on a discretionary basis, making investment decisions without seeking trade-by-trade permission from clients. The firm's client base includes high-net-worth individuals, family offices, and charitable trusts, with a minimum initial investor account size of $1 million for funds and $25 million for managed accounts. The firm does not participate in wrap fee programs and offers performance allocations of 12% to 20% above a high watermark for new investors. Arbiter Partners is led by Paul J. Isaac, who has been instrumental in the firm's growth and strategic direction. The firm's investment philosophy centers on identifying undervalued opportunities across various sectors and asset classes, employing a disciplined approach to risk management and value creation. Arbiter Partners maintains a strong track record of delivering value-oriented investment solutions to its clients, leveraging its expertise and market insights to navigate complex investment landscapes. The firm's commitment to transparency, client-focused service, and long-term value creation has established it as a reputable entity in the investment management industry. Arbiter Partners continues to seek opportunities that align with its investment strategy, aiming to provide superior returns to its clients while adhering to its core principles of integrity, diligence, and strategic foresight. The firm's operations are supported by a team of professionals dedicated to executing its investment strategy and maintaining high standards of service and performance. Arbiter Partners remains focused on its mission to deliver value-oriented investment solutions, leveraging its expertise and resources to achieve optimal outcomes for its clients. The firm's ongoing success is attributed to its strategic vision, disciplined investment approach, and unwavering commitment to client satisfaction and value creation.