First Turn Management, LLC

RIASEC Registered

Total AUM

$900M

Discretionary

$900M

100% of AUM

Avg account

$225M

Accounts

Employees

Advisory reps

Firm details

Headquarters: Solana Beach, California
CRD number: 327421
Registered since: August 28, 2023
Website: firstturnmgmt.com
Custodians: CITIGROUP GLOBAL MARKETS INC., J.P. MORGAN SECURITIES INC.
Fee structure: Percentage of AUM, Performance Based Fees
Client types: Sovereign Wealth Funds89.66%
Pooled Investment Vehicles10.34%
Services: Portfolio Management for IndividualsPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

First Turn Management, LLC is an LLC-structured hedge fund that registered with the SEC in 2023. It positions itself as an institutional manager that charges both a percentage-of-AUM fee and performance-based fees, reflecting a traditional hedge fund economics model. The firm provides portfolio management across client types, including individuals and small businesses, pooled investment vehicles, and institutional or corporate clients. First Turn also functions in sponsor and GP roles for pooled vehicles it manages. The firm does not present itself as an active ESG investor and is not described as a multi-state adviser or pension consultant. Ownership is a mix of a domestic entity and individual owners.