Firebird Management, LLC (New York)

Firebird Management, LLC is a large advisory firm based in New York. It manages $586.77 million of regulatory assets for 14 client accounts. It has been registered with the SEC as an adviser since 2012.

Firebird 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.

Firebird Management: assets under management

The assets under management (AUM) of Firebird Management, LLC is $586.77 million. The firm's AUM has gone down by -57% since the beginning of its operation, and $574.65 million of the total AUM is attributable to clients outside of the United States.

The firm manages $450.5 million in discretionary accounts and $136.27 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $37.54 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $68.14 million.

Firebird Management has custody of $109.85 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Firebird Management, 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 Firebird Management serves?

The only and largest group of clients of Firebird Management is pooled investment vehicles with 14 clients and $586.77 million of assets under management. Among the 11 most similar advisory firms, Firebird Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $586.77 million for 14 clients. 92% of the firm’s clients are foreign persons or businesses.

Firebird Management also advises several private funds. Namely, twelve hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $50,000 to $555,000.

Careers at Firebird Management, LLC

The company employs 11 people that are either part- or full-time employees. 55 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 27 indirect owners.

Based in New York

The principal office where Firebird Management, LLC performs its advisory services is located at 152 West 57 Th Street, New York, NY 10019, 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 212-698-9260 or by fax 212-698-9266. The normal business hours are 9:00am-5:00pm on Monday - Friday. You can find more information about the New York firm at fbird.com.

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