Mangrove Partners (New York)

Name: Mangrove Partners
Address: 645 Madison Avenue, New York, NY, 10022
Telephone: 212-897-9535

Mangrove Partners is a large advisory firm based in New York. It manages $2.1 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Massachusetts and New York.

Mangrove Partners 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.

Mangrove Partners: assets under management

The assets under management (AUM) of Mangrove Partners is $2.1 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 400% since the beginning of its operation, and $1.56 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.1 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $262.58 million each.

Mangrove Partners has custody of $76.53 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Mangrove Partners for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nathaniel Hall August serves?

The firm provides services to insurance companies and pooled investment vehicles. The largest group of clients of Nathaniel Hall August is pooled investment vehicles with 6 clients and $2.08 billion of assets under management. Among the 10 most similar advisory firms, Mangrove Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.1 billion for 8 clients. 75% of the firm’s clients are foreign persons or businesses.

Mangrove Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Mangrove Partners

The company employs 17 people that are either part- or full-time employees. 59 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.

Nathaniel Hall August has been acting as President since 1 Apr 2010. Kimberly Lynn Marie Palese joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Nathaniel Hall August	President	1 Apr 2010	50% - 75%	2934301
Mangrove Capital	General partner - the mangrove partners fund, l.p.	1 Apr 2010	Other	98-0652571
Jeffrey Steven Kalicka	Senior analyst	1 Jan 2011	Other	6040491
Ward Thomas Dietrich	Chief operating officer, chief compliance officer	1 Jan 2012	Other	5301614
Philp San Lee	Senior analyst	1 Jan 2012	Other	4683251
Brian Gerard Steck	Senior analyst	1 Jan 2013	Other	2516600
Kimberly Lynn Marie Palese	Chief financial officer	1 Jan 2018	Other	6929722

Based in New York

The principal office where Mangrove Partners performs its advisory services is located at 645 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Wellesley, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-897-9535 or by fax 212-897-9534. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at mangrovepartners.com.