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Solus Alternative Asset Management 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.

Solus Alternative Asset Management LP provides advisory and sub-advisory services mainly to hedge funds. The firm also manages assets for other managed accounts.

If you’re looking for a personal financial advisor, this firm is likely not the right fit. To find someone who provides financial planning and portfolio management services to individuals, use our financial advisor matching tool, which links you with up to three advisors in your area. 

Solus Alternative Asset Management Background

While located in Summit, New Jersey, Solus is a limited partnership organized in Delaware. It formed in 2007 when Christopher Pucillo spun off the hedge funds he managed at Stanfield Capital Partners. His investment team came with him. Today, Pucillo controls Solus and is the principal owner.

Solus Alternative Asset Management Client Types and Minimum Account Sizes

The firm generally provides investment management services to private funds available only to accredited investors. It may work with certain individual clients through its separately managed account service. 

Minimum initial investments typically range from $500,000 to $10 million. In addition, the firm extends access to these funds to only accredited investors, qualified purchasers or knowledgeable employees as defined under U.S. federal securities laws. 

Services Offered by Solus Alternative Asset Management

Solus manages pooled investment vehicles which are based on a master-feeder structure. They include: 

  • Sola Funds: Primarily use a credit and event-driven distressed strategy, which aims to exploit a perceived temporary stock mispricing that may take place following a major corporate event such as a merger or acquisition.  
  • Ultra Funds: Also use a credit and event-driven distressed investment strategy 
  • Solus Senior High Income Funds: Rely on a long credit-based strategy aiming for returns that meet or exceed the S&P Performing Loan Index. 
  • Solus Long-Term Opportunities Funds: Invests in longer-duration and less liquid event-driven investments. 

The firm also oversees separately managed accounts (SMA) on behalf of individual clients. SMAs invest in individual securities such as stocks and bonds in order to help a client meet long-term investing goals. 

Solus Alternative Asset Management Investing Philosophy

Solus primarily focuses on credit-based and event-driven investment strategies. It relies heavily on extensive and complex market research in order to find opportunities where it can exploit market inefficiencies for risk-adjusted returns. For example, it uses fundamental analysis to exploit value throughout the capital structure. This research strategy involves diving into market research and the financial statements of specific entities to determine investing decisions. 

Fees Under Solus Alternative Asset Management

Solus generally collects management fees from pooled investment vehicles as a percentage of assets under management. In some cases, these may be charged as monthly fixed asset-based fees that range from an annual 0.5% to 1.5%. The firm may also charge performance-based fees. Full fee details would be available in agreements, as well as fund offerings and governing documents.

What to Watch Out For

Solus has one disclosure in its most recent filings with the Securities Exchange Commission (SEC). It dates to 2014 and involved an SEC inquiry related to regulatory violation. The firm agreed to pay a $65,000 fine and disgorgement and interest of just under $40,000.

Also worth noting: the firm mainly works with institutional clients and accredited investors. If you are neither of these, or you want help with your personal finances, this is not the right firm for you. To find more advisors, use our SmartAsset advisor matching tool. After you answer a few questions about your financial situation and goals, the tool links you to up to three advisors in your area.

Opening an Account With Solus Alternative Asset Management

To contact the firm, call (212) 284-4300 or email

All information is accurate as of the writing of this article.

Tips for Finding the Right Financial Advisor

  • A financial advisor can help you manage your money. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
  • When interviewing prospective financial planners, ask if they have any financial certifications. They’re not required to work in the industry, so advisors who earn certifications wanted specialized training. Many are also held to a higher standard. For example, certified financial planners (CFPs) have a fiduciary responsibility to provide advice solely in the best interests of the client.  

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