Mig Absolute Return, LLC (Newport Beach)


Mig Absolute Return, LLC is a large advisory firm based in Newport Beach. It manages $533.79 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Mig Absolute Return provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Mig Absolute Return: assets under management

The assets under management (AUM) of Mig Absolute Return, LLC is $533.79 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 11% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $533.79 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $76.26 million each.
Mig Absolute Return has custody of $533.79 million in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mig Absolute Return, LLC 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.

Indirect Owners

The SEC currently registers 4 indirect owners.

Name Entity Date acquired Ownership Employer ID
Gregory Verley Merage Trustee 1 Aug 2003 25% - 50% 4259854
Richard Paul Merage Trustee 1 Aug 2003 50% - 75% 4367550
Paul Merage Trustee 1 Aug 2003 25% - 50% 4367504
Paul Parviz Merage Trustee 1 Aug 2003 Other 4367504

Based in Newport Beach

The principal office where Mig Absolute Return, LLC performs its advisory services is located at 140 Newport Center Drive, Newport Beach, CA 92660 The mailing address of the firm is 4350 Von Karman Ave, Newport Beach, CA 92660. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 949-474-5800 or by fax 949-474-5801. The normal business hours are 7am- 5pm on Monday - Friday. You can find more information about the New York firm at www.migcap.com.