System 2 Advisors, L.P.
- Regulatory AUM
- $913M
- Discretionary
- $52.2M
- Clients
- 11
- Avg AUM / client
- $83.0M
- Accounts
- 11
- Employees
- 6
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Investment companies | 2 | $52.2M | 5.72% |
| Pooled investment vehicles (non-investment companies) | 9 | $861M | 94.3% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $570M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Tara Emerging Asia Liquid Fund master | Hedge Fund | Mauritius | $565M | 153 |
| Tara India Systematic Alpha ( Incorporated Vcc Sub Fund) master | Hedge Fund | Mauritius | $5.0M | 8 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Ghose, Anupam | Chief Executive Officer | Apr 2012 (14y) | 75% or more | |
| Jones, Robert, Carlisle | Limited Partner | Apr 2012 (14y) | 10% – 25% | |
| Marquardt, Peter, Frame | Chief Compliance Officer | Nov 2018 (8y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ghose Investments, Llc | General Partner | Apr 2012 | A | Less than 5% |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $570M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Tara Emerging Asia Liquid Fund | Hedge Fund | $565M | $100K | 153 |
| Tara India Systematic Alpha ( Incorporated Vcc Sub Fund) | Hedge Fund | $5.0M | $100K | 8 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 1.94 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- UBS $55.0M (26% of AUM) Jan 2020
- Northern Trust $44.0M (21% of AUM) Jan 2020
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗