Platinum Grove Asset Management, L.P. (Purchase)

Name: Platinum Grove Asset Management, L.P.
Address: 287 Bowman Avenue, Purchase, NY, 10577
Telephone: 914-690-2100

Platinum Grove Asset Management, L.P. is a large advisory firm based in Purchase. It manages $1.56 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2007.

Platinum Grove Asset Management 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.

Platinum Grove Asset Management: assets under management

The assets under management (AUM) of Platinum Grove Asset Management, L.P. is $1.56 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -56% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.56 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $389.43 million each.

Platinum Grove Asset Management has custody of $1.45 billion in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Platinum Grove Asset Management, L.P. 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.

Careers at Platinum Grove Asset Management, L.P.

Myron Samuel Scholes has been acting as President since 1 Oct 1999. Nawa Masayoshi joined the executive team most recently as the Managing Principal.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Myron Samuel Scholes	Chairman	1 Oct 1999	Other	2231202
Chi Fu Huang	Chief executive officer	1 Oct 1999	Other	5076804
Ayman Mahmoud Hindy	Principal	1 Oct 1999	Other	5076810
Lawrence Hungyau Ng	Principal	1 Oct 1999	Other	1730091
Tong Sheng Sun	Principal	1 Oct 1999	Other	2799630
Michael Ramon Schwenk	General counsel	1 Jan 2001	Other	5076821
Steven Yale Goldberg	Principal	1 Mar 2003	Other	2059438
Peter Johnson Bouyoucos	Principal	1 Mar 2003	Other	1388189
Lars Tyge Nielsen	Risk control officer	1 Feb 2004	Other	3086940
Michael Ramon Schwenk	Chief compliance officer	1 Dec 2005	Other	5076821
L.P. Platinum Grove Partners	General partner	1 Jul 2006	75% - 100%	75-2842547
Dawn Marie Rinaldi	Chief financial officer	1 Feb 2007	Other	2156228
Nawa Masayosh	Principal	1 Mar 2009	Other	5649262
Chi Fu Huang	Chairman	1 Jan 2010	Other	5076804
Nawa Masayoshi	Managing principal	1 Jan 2010	Other	5649262
L.P. Platinum Grove Holdings	Limited partner	1 Jan 2010	75% - 100%	75-2842547
Bjorn Elie Tuypens	Managing principal	1 Jan 2010	Other	5746383
Masayoshi Nawa	Managing principal	1 Jan 2010	Other	5649262

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
L.L.C. Pgam	General partner	1 Jul 2006	Other	20-5110641
Myron Samuel Scholes	Managing member	1 Jul 2006	Other	2231202
Chi Fu Huang	Managing member	1 Jul 2006	Other	5076804
L.L.C. Pgam	General partner	1 Jan 2010	Other	20-5110641
Myron Samuel Scholes	Limited partner	1 Dec 2012	25% - 50%	2231202

Based in Purchase

The principal office where Platinum Grove Asset Management, L.P. performs its advisory services is located at 287 Bowman Avenue, Purchase, NY 10577, 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 914-690-2100 or by fax 914-690-2118. The normal business hours are 8 am - 6 pm on Monday - Friday. You can find more information about the New York firm at www.pgamlp.com.