AdvisorCensus / Financial advisors / New York / New York / Islet Management, LP
Islet Management, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated April 7, 2026.
Quick answers
From the filingHow is Islet Management, LP compensated?
On its Form ADV (Item 5.E, October 2026), Islet Management, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees.
Where is Islet Management, LP located?
Islet Management, LP's principal office is in New York, NY, according to its Form ADV.
Is Islet Management, LP registered with the SEC or a state?
Islet Management, LP is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 290576.
How much does Islet Management, LP manage?
Islet Management, LP reports $108,805,629 in regulatory assets under management in its Form ADV filing dated April 7, 2026 (100% discretionary).
How have Islet Management, LP's assets and staff changed since 2021?
In the Form ADV data for Islet Management, LP: Regulatory assets under management: $1,367,089,822 in the October 2021 data and $108,805,629 in the October 2026 data, down 92%. Total employees: 11 in October 2021 and 4 in October 2026. Assets under management move with markets as well as with clients coming and going.
What types of clients does Islet Management, LP serve?
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (6).
Does Islet Management, LP report any disciplinary disclosures?
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/290576
Does Islet Management, LP state an account minimum?
Its Form ADV Part 2A brochure dated March 11, 2026 says: "Islet has no established minimum account size for client accounts."
What changed in Islet Management, LP's recent Form ADV filings?
In the April 2026 filing data: Employees performing advisory functions went from 5 to 3. Regulatory assets under management went from $89,562,625 to $108,805,629 (+21%).
From the Form ADV filing
Every figure below is as the firm filed it with regulators, as of October 2026.
How the firm is compensated
Item 5.E- A percentage of assets under your management
- Performance-based fees
Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ
Fees and minimums
Form ADV Part 2AAccount minimum: None
The brochure's wording
Islet has no established minimum account size for client accounts.
As stated in the firm's Form ADV Part 2A brochure dated March 11, 2026. Fees can differ by service and may be negotiable; the brochure is the complete statement. Read the brochure on the SEC's IAPD site
Regulatory assets under management
Item 5.F$108,805,629 as of October 2026, filing dated April 7, 2026.
A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means
Who the firm serves
Item 5.DA firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.
Advisory services
Item 5.G- Portfolio management for pooled investment vehicles (other than investment companies)
Registration and firm details
Items 1, 2, 5- Registration
- SEC-registered investment adviser. Status as filed: Approved.
- Registered since
- 2017 (8 years)
- Employees
- Total: 4. Performing investment advisory functions: 3.
- Wrap fee program participation
- No.
- States registered or notice-filed
- Not reported.
SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration
Disclosures
Item 11None Reports no disclosure items on Form ADV Item 11. View on IAPD.
Item 11 asks about criminal, regulatory, and civil events involving the firm and its advisory personnel. The detail of each yes answer is on the IAPD record. Reading a firm's disclosures
Assets and staff over time
Items 5.A, 5.F| Data period | Assets under management | Employees | Filing dated |
|---|---|---|---|
| October 2026 | $108,805,629 | 4 | April 7, 2026 |
| October 2025 | $89,562,625 | 7 | March 10, 2025 |
| October 2024 | $28,752,799 | 7 | March 28, 2024 |
| October 2023 | $137,984,521 | 7 | May 16, 2023 |
| October 2022 | $2,396,539,866 | 13 | September 14, 2022 |
| October 2021 | $1,367,089,822 | 11 | July 1, 2021 |
Regulatory assets under management: $1,367,089,822 in the October 2021 data and $108,805,629 in the October 2026 data, down 92%.
Total employees: 11 in October 2021 and 4 in October 2026.
As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.
Changes in the filing
Last 12 months- April 2026
- Employees performing advisory functions went from 5 to 3.
- Regulatory assets under management went from $89,562,625 to $108,805,629 (+21%).
Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.
Websites listed on Form ADV
Item 1.ISource: Form ADV, as of October 2026. Values appear as filed; a value the firm did not report is shown as "Not reported."
Cite this page
AdvisorCensus. Islet Management, LP (CRD 290576): Form ADV filing data as of October 2026. https://advisorcensus.com/firm/islet-management-lp-new-york-ny-290576