Arbiter Partners Capital Management, Llc
- Regulatory AUM
- $1.3B
- Discretionary
- $886M
- Clients
- 20
- Avg AUM / client
- $62.5M
- Accounts
- 20
- Employees
- 12
AUM over time
Annual snapshots from Form ADV filings · as of Apr 28, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| High net worth individuals | 11 | $424M | 33.9% |
| Pooled investment vehicles (non-investment companies) | 6 | $576M | 46.0% |
| Charitable organizations | 2 | $151M | 12.1% |
| Other investment advisers | 1 | $100M | 8.0% |
Private funds (5)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $345M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Arbiter Partners Special Opportunities Fund Ii, Lp | Other Private Fund | Delaware | $113M | 69 |
| Arbiter Partners Qp, Lp master | Hedge Fund | Delaware | $104M | 28 |
| Apcm Opportunity Fund, Lp | Other Private Fund | Delaware | $56.1M | 2 |
| Arbiter Partners Special Opportunities Fund I, Lp | Other Private Fund | Delaware | $45.7M | 22 |
| Arbiter Global Financials Fund, L.P. | Hedge Fund | Delaware | $26.4M | 10 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Isaac, Paul, Jerome | President, Managing Member, And Cio Of Arbiter Partners Capital Management, Llc | Jan 2007 (20y) | 50% – 75% | |
| Musher, Joshua, Nahum | Coo, Chief Compliance Officer And Partner | Dec 2009 (17y) | 5% – 10% | |
| Levin, Ross, Benjamin | Director Of Research, Secretary And Partner | Jan 2010 (17y) | 10% – 25% | |
| Hankin, Matthew, Barasch | Partner | Jul 2010 (16y) | 10% – 25% |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (5, $345M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Arbiter Partners Special Opportunities Fund Ii, Lp | Other Private Fund | $113M | $250K | 69 |
| Arbiter Partners Qp, Lp | Hedge Fund | $104M | $1.0M | 28 |
| Apcm Opportunity Fund, Lp | Other Private Fund | $56.1M | $100M | 2 |
| Arbiter Partners Special Opportunities Fund I, Lp | Other Private Fund | $45.7M | $250K | 22 |
| Arbiter Global Financials Fund, L.P. | Hedge Fund | $26.4M | $1.0M | 10 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/28/2026 | 2.33 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $147M (12% of AUM) Apr 2026
- U.S. Bank $75.1M (6% of AUM) Apr 2026
- Bank Of America, National Association $56.4M (6% of AUM) May 2021
- Goldman Sachs $50.6M (4% of AUM) Apr 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 28, 2026.
View current Form ADV (SEC/IAPD) ↗