Cardinal Point Capital most recent Form ADV filing revealed several changes and updates to the firm's operations, including modifications to its private funds, changes in ownership and management, and an increase in assets under management (AUM).
Cardinal Point Capital's employee count remained at five, and the number of accounts was retained at four. However, the firm experienced an increase in AUM, which rose by 41% from $78.3 million to $110.7 million.
Several modifications were made to the firm's three private funds.
Cardinal Point Fund I LP:
- Gross Asset Value: New: $3,923,029 | Old: $3,959,830
Cardinal Point Master Fund I LTD:
- Gross Asset Value: New: $110,045,056 | Old: $75,534,370
Cardinal Point Offshore Fund I LTD
- Gross Asset Value: New: $55,681,680 | Old: $70,970,250
- Approximate number of beneficial owners: New: 12 | Old: 15
Leitold, Guenter, and Schelhammer Capital Bank AG were added as members, while Mark Sipprelle was removed as Chief Compliance Officer (CCO) but was added back in 2023 as a member instead.
Indirect owners were added as well; Hypo-Bank Burgenland AG, Grazer Weschselseitige Versicherung AG, and Grawe-Vermogensverwaltung as shareholders.