Gramercy Funds Management LLC (Greenwich)

Name: Gramercy Funds Management LLC
Address: 20 Dayton Avenue, Greenwich, CT, 06830
Telephone: 203-552-1900

Gramercy Funds Management LLC is a large advisory firm based in Greenwich. It manages $5.63 billion of regulatory assets for 60 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of Connecticut.

Gramercy Funds 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.

Gramercy Funds Management: assets under management

The assets under management (AUM) of Gramercy Funds Management LLC is $5.63 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 7631% since the beginning of its operation, and $4.31 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $5.63 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $93.88 million each.

Gramercy Funds Management has custody of $3.28 billion in cash and securities for 46 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 48% of the total AUM. The second-largest asset type is sovereign bonds, which make up 16% of the firm’s portfolio. Investments in investment grade corporate bonds form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gramercy Funds Management LLC 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 Gramercy Funds Management serves?

The only and largest group of clients of Gramercy Funds Management is pooled investment vehicles with 47 clients and $3.42 billion of assets under management. Among the 8 most similar advisory firms, Gramercy Funds Management has the 3rd lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $3.42 billion for 47 clients. 72% of the firm’s clients are foreign persons or businesses.

Gramercy Funds Management also advises several private funds. Namely, twenty five hedge funds, six other private funds, and ten private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Gramercy Funds Management LLC

The company employs 58 people that are either part- or full-time employees. 50 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.

Robert Scott Koenigsberger has served as the Chief Investment Officer since 1 Dec 2009. Joshua Michael O'melia joined the executive team most recently as the Chief Legal Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Gramercy Llc	Owner	1 Jun 2009	75% - 100%	20-0859356
Scott Guy Seaman	Chief compliance officer	1 Jun 2009	Other	2373531
Scott Guy Seaman	Chief operating officer	1 Dec 2009	Other	2373531
Robert Scott Koenigsberger	Chief investment officer	1 Dec 2009	Other	2389668
Robert John Lanava	Chief compliance officer	1 Dec 2009	Other	2651912
John Delvirginia	Chief financial officer	1 Dec 2009	Other	4437639
John Del Virginia	Chief financial officer	1 Dec 2009	Other	4437639
Gramercy Financial Group Llc	Owner	1 Jan 2010	75% - 100%	13-4104718
James Taylor	Chief legal officer	1 Mar 2010	Other	5733049
Robert Lawrence Rauch	Portfolio manager	1 Dec 2011	Other	2264692
Robert Michael Joannou	Chief financial officer	1 Jan 2014	Other	4659549
David Walter Herzberg	Portfolio manager	1 Jan 2015	Other	2950623
Gramercy Em Pe Llc	Member	1 May 2018	Other	82-5403378
Joshua Michael O'melia	Chief legal officer	1 Mar 2019	Other	7087063

Indirect Owners

The SEC currently registers 11 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Cerro Negro Trust	Member	1 Feb 2005	75% - 100%	20-6441535
David Scott Britts	Member	1 Feb 2005	Other	1576816
Cook Islands Trust Limited	Trustee	1 Feb 2005	Other	20-6441535
Scott Guy Seaman	Member	1 Jan 2007	75% - 100%	2373531
Cerro Negro Capital Management Llc	Member	1 Jun 2009	50% - 75%	20-2344061
Robert Scott Koenigsberger	Managing member	1 Jun 2009	75% - 100%	2389668
Tall Oaks Capital Management Llc	Member	1 Jun 2009	Other	20-8118610
Us Trust Company Of Delaware	Member	1 Mar 2011	Other	20-6441535
San Bernardino County Employees' Retirement Association	Managing member	1 May 2018	75% - 100%	95-6193238
Tall Oaks Capital Management Llc	Member	1 May 2018	25% - 50%	20-8118610
Scott Guy Seaman	Managing member	1 May 2018	75% - 100%	2373531

Based in Greenwich

The principal office where Gramercy Funds Management LLC performs its advisory services is located at 20 Dayton Avenue, Greenwich, CT 06830, 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 203-552-1900 or by fax 203-552-1901. The normal business hours are 8:00 am - 6:00 pm on Monday - Friday. You can find more information about the New York firm at gramercy.com.