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Eminence Capital Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Eminence Capital is an investment management firm with more than $14 billion in assets under management (AUM). It currently manages a total of 14 pooled investment vehicles, half of which are hedge funds. The firm currently employs 25 advisors.

It's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible to accredited investors. If you're looking for trusted and comprehensive support in managing your own finances, consider speaking to a professional financial advisor.

Eminence Capital Background

Eminence Capital, LP launched as Eminence Capital, LLC in January 1999. Founder, CEO and CIO Ricky Sandler is also a CFA (chartered financial analyst), a member of the New York Society of Security Analysts and a current memeber of the board of directors of the University of Wisconsin Foundation. At the onset of the COVID-19 pandemic in early 2020, he made news headlines as having a bullish view of the stock market when social distancing restrictions began and later supporting the idea of herd immunity. 

The firm's funds are as follows: 

  • Eminence Classic Funds
  • Eminence Leveraged Classic Funds
  • Eminence Long Funds
  • Single-Investor Funds

Investors in these funds may include some or all of the following: individuals, banks or thrift institutions, investment companies, pension and profit-sharing plans, trusts, estates or charitable organizations, other corporations or businesses entities, private investment funds or other entities.

Fund investors are generally required to make minimum initial investments of at least $1 million. If an existing investor wishes to make an additional investment, the minimum is generally $100,000. 

Eminence Capital Investment Philosophy

Eminence Capital opened with and still focuses on a single investment strategy as its primary investment focus: fundamental long-short equity investing, meaning that it aims to create balanced portfolios that take advantage of both rises and falls in the market. Each fund's investment objective is to seek above-average long-term capital appreciation (or net increase in value of assets) through these investments. 

To do this,the firm uses what it calls a research-driven "quality value" investment strategy. This approach emphasizes the traditional elements of value investing and also focuses strongly on investing in high quality businesses and avoiding or selling short low quality businesses. Eminence's research practices involve financial and qualitative analysis (i.e. evaluating the more intangible factors such as quality of management, labor relations or strength of research). 

When valuing a security, the firm analyzes both the security's intrinsic value as well as the likelihood and magnitude of the security's increase or decrease in future value. 

The firm goes about its monitoring and due diligence process in a variety of ways, including but not limited to constructing proprietary financial models and analysis, scrutinizing regulatory filings or managment commentary and financial statements, evaluating third-party company and industry information, meeting with senior management personnel and performing qualitative field research. Of course, potential and current clients should always remember that investment strategies never protect against risk of loss.

Largest Hedge Funds Managed by Eminence Capital

Eminence Partners, LP

  • AUM: $3,482,619,437
  • Minimum: $10 million
  • Beneficial Owners: 135

Eminence Fund Master, Ltd.

  • AUM: $3,407,119,329
  • Minimum: $100,000
  • Beneficial Owners: 134

Eminence Fund Long Master, Ltd.

  • AUM: $2,461,195,159
  • Minimum: $10 million
  • Beneficial Owners: 132

Eminence Fund II Master, LP

  • AUM: $1,386,378,492
  • Minimum: $250,000
  • Beneficial Owners: 2

Eminence Fund Leveraged Master, Ltd.

  • AUM: $979,930,248
  • Minimum: $10 million
  • Beneficial Owners: 45

Fees at Eminence Capital

Eminence Capital fees include management fees and performance-based fees. Fees are charged by the firm to the Funds, not to the clients directly. You can take a closer look at the general percentages in the table below: 

Eminence Capital Fund Annual Management Fee Performance-Based Fee
The Classic Funds 1.25% 20%
The Leveraged Classic Funds 1.875% 20%
Eminence Long Funds 1.0%-1.75% 20% 

Additional fees and expenses may apply - including but not limited to registration fees, maintenance fees, certain taxes and regulatory expenses. Some performance-based fees may depend on the class of shares or amount of capital appreciation, and can also be subject to high-water marks, or all-time highs. Therefore it is imperative that potential clients reach out about specific fees charged to their fund. 

What to Watch Out For

Again, it's important to understand that hedge funds are often complex, loosely regulated investments and therefore accessible only to accredited investors, who, along with sophisticated investors, are allowed by the SEC to buy securities like these. These two groups of investors differ from retail investors or individual investors, who might be taking a more DIY approach or enlisting the services of a financial advisor

Within the past 10 years, Eminence Capital has not undergone any disciplinary or legal action deemed material to a client’s evaluation of its business integrity. That said, as an SEC-registered investment manager, the firm is legally obligated to uphold its fiduciary duty and work in clients’ best interests at all times. You can view its latest Form ADV on the official website of the Securities & Exchange Commission (SEC).

Becoming a Client of Eminence Capital

If you are an accredited investor and wish to become a client of Eminence Capital, you can visit the firm's website or call (212) 418-2100.

Investing Tips

  • Whether you are an accredited or sophisticated investor or not, it never hurts to consult a professional to make sure you're doing everything you can to manage your finances so that they can work for you. Finding a financial advisor doesn't have to be hard. SmartAsset's free tool matches you with financial advisors in just five minutes. If you're ready to connect with local advisors, get started now
  • It's never too early - or too late, for that matter - to start investing. In addition to connecting you with expert advisors, SmartAsset also has various tools to help you get a snapshot of the numbers right now. Take a look at our free investment calculator for a sense of how much a particular investment might be worth as well as its growth over time.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research