Private EquityRIA · CRD 139371SEC-RegisteredPrivate Fund Adviser

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Owl Creek Asset Management

Owl Creek Asset Management is an SEC-registered investment adviser in New York, NY, registered since 2006. The firm manages approximately $2.5 billion in...

Owl Creek Asset Management

Owl Creek Asset Management is an SEC-registered investment adviser in New York, NY, registered since 2006. The firm manages approximately $2.5 billion in regulatory assets. It has 30 employees and 13 investment advisers.

General information

Firm type

Private Equity

Year founded

2000

AUM

Undisclosed

Location

Region

North America

Country

United States

City

New York

Corporate office

New York, NY, United States

Principals

Jeffrey Altman

Founder & Chief Investment Officer

Sector focus

Financial ServicesTechnologyReal EstateEnergy

Frequently asked questions

Who makes investment decisions at Owl Creek Asset Management?

Jeffrey Altman, the founder and chief investment officer, serves as the sole portfolio manager. He previously co-managed the Mutual Shares and Mutual Discovery funds at Franklin Mutual Advisers under Michael Price before launching Owl Creek in 2000. The firm does not publicly list any other investment-committee members or portfolio managers.

How has Owl Creek's strategy changed since the 2008 financial crisis?

The firm shifted from operating primarily as a concentrated long/short equity hedge fund toward a hybrid model incorporating activist stakes, distressed debt, and direct real estate investments. Press reports and public filings indicate a significant reduction in Owl Creek's public-equity positions since 2021, suggesting a deeper pivot into private-company and real-asset commitments.

Does Owl Creek manage outside capital or only Altman's personal wealth?

Owl Creek Asset Management manages outside investor capital. The firm launched in 2000 as a hedge fund with external limited partners and at its 2006 peak ran over $3 billion (per Bloomberg, 2006). The firm has since reduced external reporting and public disclosure, but public records indicate it continues to maintain filings consistent with an active investment manager.

What types of assets does Owl Creek invest in?

The firm deploys capital across public equities, distressed debt, special situations, and direct real estate. Confirmed areas of past activity include activist campaigns in financial services and energy companies, post-bankruptcy restructurings, and direct real estate transactions in New York and Florida.

Is Owl Creek Asset Management a family office?

No. While its reduced public disclosure and flexible mandate give it a posture similar to a private investment partnership, the firm launched as and remains structured as an asset manager managing outside investor capital alongside Altman's personal commitments. It is not classified as a single-family office.

What is Owl Creek's current assets under management?

Owl Creek has not publicly disclosed a current AUM figure. The firm ran over $3 billion at its peak in 2006 (per Bloomberg, 2006), but public filings since the late 2010s show a substantially reduced public-securities portfolio, and the firm no longer reports to commercial hedge-fund databases.

Where does Owl Creek Asset Management focus its real estate activity?

Public records and press reports confirm direct real estate investments concentrated in New York and Florida. The firm has been involved in restructurings and acquisitions of distressed commercial and residential properties in these markets, consistent with Altman's event-driven value approach.

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