Serengeti Asset Management LP (New York)

Serengeti Asset Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Serengeti Asset Management: assets under management

The assets under management (AUM) of Serengeti Asset Management LP is $1.62 billion. The firm's AUM has grown by 51% since the beginning of its operation, and $972.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.47 billion in discretionary accounts and $146.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $46.08 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $36.57 million.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is other assets, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Serengeti Asset Management LP 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 Serengeti Asset Management serves?

The only and largest group of clients of Serengeti Asset Management is pooled investment vehicles with 35 clients and $1.61 billion of assets under management. Among the 8 most similar advisory firms, Serengeti Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.61 billion for 35 clients. 42% of the firm’s clients are foreign persons or businesses.

Serengeti Asset Management also advises several private funds. Namely, nine hedge funds and four private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $25,000,000.

Careers at Serengeti Asset Management LP

The company employs 23 people that are either part- or full-time employees. 57 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.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 6 indirect owners.

Based in New York

The principal office where Serengeti Asset Management LP performs its advisory services is located at 632 Broadway, New York, NY 10012 2164, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-672-2220 or by fax 212-672-2299. The normal business hours are 8am-6pm on Monday - Friday. You can find more information about the New York firm at serengeti-am.com.

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