Hudson Cove Capital Management LLC

Hudson Cove Capital Management LLC, established in 2009, is an investment adviser based in Jersey City, NJ, specializing in providing advisory services for fixed income instruments and other asset types to pooled investment vehicles for sophisticated and institutional investors. The firm, owned by David Wu, manages approximately $1.04 billion in client assets on a discretionary basis as of December 31, 2024. Clients are charged an asset-based management fee ranging from 1.2% to 1.5% per annum, along with performance-based compensation of up to 20% of capital gains. The firm does not participate in wrap fee programs and does not tailor services to individual client needs. Clients may also incur additional fees for various expenses such as monitoring, legal, accounting, and research expenses. Hudson Cove Capital Management LLC employs a focused strategy within the structured finance sector of fixed income markets, while also utilizing other investment types like equities, commodities, and currencies. The firm's investment philosophy involves a comprehensive risk assessment related to fixed income, equity, currencies, commodities, derivatives, leverage, illiquid instruments, non-U.S. securities, cybersecurity, and operational risks. The firm operates under a Code of Ethics and has no disciplinary events to disclose. Clients receive regular portfolio reviews and proxy voting services are conducted in the best interests of clients. The firm complies with custody rules and provides investment advisory services on a discretionary basis, with authority to participate in class action claims on behalf of clients.