Open Space Capital provides investment advisory services, tailoring advice to individual client needs. The firm develops and manages securities portfolios based on client risk parameters and time horizons. Open Space Capital primarily focuses on trading and investing in municipal bonds, but may also invest in corporate credit new issues and similar placements. These strategies are typically short-term and speculative, suitable only for clients with appropriate risk tolerance. The firm may recommend external professionals for non-investment implementation, without receiving compensation for referrals.
Fee Structure
Open Space Capital charges a performance-based fee of up to 50% of net profits. This fee is calculated based on the gains in the account, net of deposits, withdrawals, and clearing fees, above the most recent high-water mark. There are no additional asset-based management fees. To qualify for this fee structure, clients must have a minimum account balance of $1.1 million or a total net worth of $2.2 million (excluding primary residence).