Frm Investment Management (Usa) LLC (New York)

Name: Frm Investment Management (Usa) LLC
Address: Hsbc Tower, 452 5 Th Avenue, New York, NY, 10018
Telephone: 212.649.6600

Frm Investment Management (Usa) LLC is a large advisory firm based in New York. It manages $1.06 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of New York.

Frm Investment Management (Usa) provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Frm Investment Management (Usa): assets under management

The assets under management (AUM) of Frm Investment Management (Usa) LLC is $1.06 billion. The firm's AUM has grown by 5% since the beginning of its operation, and $782.04 million of the total AUM is attributable to clients outside of the United States.

The firm manages $859.23 million in discretionary accounts and $197.09 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $107.4 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $98.54 million.

Frm Investment Management (Usa) has custody of $879.57 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Frm Investment Management (Usa) 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.

What kind of clients Michelle Mccloskey serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Michelle Mccloskey is pooled investment vehicles with 8 clients and $879.57 million of assets under management. Among the 13 most similar advisory firms, Frm Investment Management (Usa) has the 6th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.06 billion for 10 clients. 74% of the firm’s clients are foreign persons or businesses.

Frm Investment Management (Usa) also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Frm Investment Management (Usa) LLC

The company employs 21 people that are either part- or full-time employees. 62 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Michelle Mccloskey has been acting as President since 1 Feb 2015. Eric Galip Burl joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Shiraz Younus Kajee	Treasurer	1 Aug 2014	Other	4468276
Man Principal Strategies Corp.	Sole member	1 Aug 2014	75% - 100%	32-0177453
Nadine Nmn Le Gall	Chief compliance officer	1 Jan 2015	Other	4358239
Solomon Edmund Kuckelman	Secretary	1 Jan 2015	Other	6435789
Matthew David Stadtmauer	Vice president	1 Feb 2015	Other	2782645
Michelle Mccloskey	President	1 Feb 2015	Other	5862735
Jens Nmn Foehrenbach	Vice president	1 Oct 2015	Other	6573123
Robert Richard Hanna	Treasurer	1 Nov 2015	Other	5399224
Nadine Nmn Le Gall	Head of compliance americas	1 Jan 2016	Other	4358239
Robert Richard Hanna	Vice president	1 Jun 2016	Other	5399224
David Anselm Gallias	Treasurer	1 Jun 2016	Other	6004624
Lee Mark Binks	Chief compliance officer	1 Mar 2017	Other	5827392
Eric Galip Burl	President	1 Aug 2019	Other	6144993

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Man Investments Holdings Inc.	Shareholder	1 Jul 2006	75% - 100%	13-4049528
E.D. & F. Man Investments Bv	Shareholder	1 Jul 2006	75% - 100%	foreign entity
E. D. & F. Man Investments B.V.	Shareholder	1 Jul 2006	75% - 100%	foreign entity
Man Investments Usa Holdings Inc.	Shareholder	1 Aug 2006	75% - 100%	98-0503332
Man Group Uk Limited	Shareholder	1 Jul 2010	75% - 100%	foreign entity
Man Investments Finance Limited	Shareholder	1 Jul 2010	75% - 100%	foreign entity
Man Strategic Holdings Limited	Shareholder	1 Jul 2010	75% - 100%	foreign entity
Man Group Plc	Shareholder	1 Nov 2012	75% - 100%	foreign entity
Man Group Holdings Limited	Shareholder	1 Aug 2013	75% - 100%	foreign entity
Man Worldwide Operations Management Limited	Shareholder	1 May 2019	75% - 100%	foreign entity
Man Group Treasury Limited	Shareholder	1 May 2019	75% - 100%	foreign entity
Man Group Plc	Shareholder	1 May 2019	75% - 100%	foreign entity

Based in New York

The principal office where Frm Investment Management (Usa) LLC performs its advisory services is located at Hsbc Tower, 452 5 Th Avenue, New York, NY 10018, 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 212.649.6600. The normal business hours are 8:30 am- 5:00 pm on Monday - Friday. You can find more information about the New York firm at frmhedge.com.