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Parallax Volatility Advisers, L.P.

● SEC registered since 2012CRD 158143SEC# 801-73683San Francisco, CA
Export (members)
Ranks #1,182 of 6,004 private fund managers by regulatory AUM.
Reg. AUM
$5.98B
Fund GAV
$5.98B
Private funds
1
Employees
51
Accounts
3
Location
San Francisco, CA

Parallax Volatility Advisers, L.P. assets under management

Parallax Volatility Advisers, L.P. is a registered investment adviser overseen by the SEC based in San Francisco, CA. The firm has been registered since 2012. It reports $6 billion in regulatory assets under management and employs 51 people. Parallax Volatility Advisers, L.P. manages 1 private fund with combined gross assets of $6 billion, including Parallax Master Fund, LP. By regulatory assets, it ranks 1,182 of 6,004 private fund managers.

Parallax Volatility Advisers, L.P. private funds

1 funds · $5.98B GAV
FundTypeGross assetsMin.
Parallax Master Fund, LPHedge$5.98B$2M

Parallax Volatility Advisers, L.P. owners & executives

7 reported
NameTitleOwnershipSince
Jill Caroline Armstrong ControlChief Financial Officer, Chief Compliance Officer, Chief Operating Officer, Limited Partner10-25%2000
Parallax Volatility Advisers GP, LLC ControlGeneral PartnerUnder 5%2014
Stephen Daniel Hutchison ControlPrincipal Portfolio Manager, Limited Partner25-50%2003
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Frequently asked questions

How much does Parallax Volatility Advisers, L.P. manage?

Parallax Volatility Advisers, L.P. reports $6 billion in regulatory assets under management on its Form ADV.

How many private funds does Parallax Volatility Advisers, L.P. manage?

Parallax Volatility Advisers, L.P. manages 1 private funds with combined gross assets of $6 billion.

How many employees does Parallax Volatility Advisers, L.P. have?

Parallax Volatility Advisers, L.P. reports 51 employees.

Where is Parallax Volatility Advisers, L.P. located?

Parallax Volatility Advisers, L.P. is based in San Francisco, CA and has been SEC-registered since 2012.

Does Parallax Volatility Advisers, L.P. disclose fund performance?

Parallax Volatility Advisers, L.P. is not required to publicly disclose fund returns. Form ADV filings include assets, ownership, and service providers, shown above.

Contact & registration

Address101 Montgomery Street, Suite 700, San Francisco, CA 94104
Phone415-445-6646
Fax415-738-7806
Office hours7 a.m. - 3 p.m.
SEC regionSan Francisco Regional Office (SFRO)
Discloses disciplinary historyYes

Regulatory AUM

$5.98B▼ 33%
Mar '25 — $8.93BApr '25 — $8.93BMay '25 — $8.93BJun '25 — $8.93BJul '25 — $8.93BAug '25 — $8.93BSep '25 — $8.93BOct '25 — $8.93BNov '25 — $8.93BDec '25 — $8.93BJan '26 — $8.93BFeb '26 — $8.93BMar '26 — $5.98BApr '26 — $5.98BMay '26 — $5.98BJun '26 — $5.98B
Mar '25Form ADV, monthlyJun '26

How this firm compares

Regulatory AUMTop 11%
Larger than 89% of 16,271 advisers
AUM vs fund managersTop 20%
Larger than 80% of 6,004 private-fund managers
Number of fundsTop 76%
More funds than 24% of fund managers
EmployeesTop 12%
More than 88% of 16,825 advisers

Assets under management

$5.98Bregulatory AUM
Discretionary $5.98B

Service providers