Parvus Asset Management Europe Limited (London)

Parvus Asset Management Europe Limited is a large advisory firm based in London. It manages $4.72 billion of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2015.

Parvus Asset Management Europe Limited provides portfolio management for pooled investment vehicles and portfolio management for separately managed accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Parvus Asset Management Europe Limited: assets under management

The assets under management (AUM) of Parvus Asset Management Europe Limited is $4.72 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 2% since the beginning of its operation, and $4.39 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4.72 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $314.53 million each.

Parvus Asset Management Europe Limited has custody of $4.37 billion in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 56% of the total AUM. The second-largest asset type is exchange traded securities, which make up 42% of the firm’s portfolio. Investments in sovereign bonds form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Parvus Asset Management Europe Limited for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Edoardo Luigi Mercadante serves?

The firm provides services to charitable organizations, pooled investment vehicles, and state or municipal government entities. The largest group of clients of Edoardo Luigi Mercadante is pooled investment vehicles with 6 clients and $2.31 billion of assets under management. Among the 11 most similar advisory firms, Parvus Asset Management Europe Limited has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.37 billion for 14 clients. 93% of the firm’s clients are foreign persons or businesses.

Parvus Asset Management Europe Limited also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Parvus Asset Management Europe Limited

The company employs 2 people that are either part- or full-time employees. 50 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Edoardo Luigi Mercadante has been acting as President since 1 Feb 2014. Oakentree Limited joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Edoardo Luigi Mercadante	Director/ceo	1 Feb 2014	Other	4519606
Mads Eg Gensmann	Director/cco	1 Feb 2014	Other	5059309
Parvus Asset Management Limited	Shareholder	1 Feb 2014	50% - 75%	foreign
Tci Fund Services (Finance) Llp	Shareholder	1 Dec 2014	Other	foreign
Gensmann Feeder Llp	Shareholder	1 Dec 2014	Other	foreign
Oakentree Limited	Shareholder	1 Mar 2015	Other	foreign

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Anthony Hohn	Owner	1 Jul 2003	75% - 100%	4349888
Parvus Asset Management (Cayman) Limited	Owner	1 Apr 2004	75% - 100%	foreign
Edoardo Luigi Mercadante	Owner	1 Jun 2004	75% - 100%	4519606
Mads Eg Gensmann	Owner	1 Jan 2010	75% - 100%	5059309
Gensman Investor Limited	Owner	1 Jan 2010	75% - 100%	foreign
The Children's Investment Fund Management (Cayman) Limited	Owner	1 Feb 2010	75% - 100%	foreign
Tci Fund Services (Uk) Limited	Owner	1 Apr 2010	75% - 100%	foreign
Tci Fund Holdings Limited	Owner	1 Apr 2010	75% - 100%	foreign

Based in London

The principal office where Parvus Asset Management Europe Limited performs its advisory services is located at 7 Clifford Street, London, W1 S 2 Ft, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 44 20 7758 4180 or by fax 44 20 7758 4181. The normal business hours are 8am - 6pm gmt on Monday - Friday.