Courage Capital Management, LLC (Nashville)

Name: Courage Capital Management, LLC
Address: 4400 Harding Road, Suite 503, Nashville, TN, 37205
Telephone: 615-369-0110

Courage Capital Management, LLC is a large advisory firm based in Nashville. It manages $683.82 million of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California and Tennessee.

Courage Capital Management provides portfolio management for pooled investment vehicles and portfolio management for charitable organizations. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Courage Capital Management: assets under management

The assets under management (AUM) of Courage Capital Management, LLC is $683.82 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and $430.35 million of the total AUM is attributable to clients outside of the United States.

The firm manages $683.82 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $68.38 million each.

Investments

The firm invests in cash and cash equivalents the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Courage Capital 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 Frank Mcmurry Garrison serves?

The only and largest group of clients of Frank Mcmurry Garrison is pooled investment vehicles with 9 clients and $683.14 million of assets under management. Among the 7 most similar advisory firms, Courage Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $683.14 million for 9 clients. 40% of the firm’s clients are foreign persons or businesses.

Courage Capital Management also advises several private funds. Namely, four hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $2,000,000.

Careers at Courage Capital Management, LLC

The company employs 13 people that are either part- or full-time employees. 69 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 3 people 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.

Frank Mcmurry Garrison has been acting as President since 1 Feb 2006. Thomas Gordon Milne joined the executive team most recently as the President & Chief Risk Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Richard Connell Patton	Chief manager, member & sole director	1 Jul 1998	75% - 100%	4779499
Donald Mckenzie Farris	Managing director, member	1 Jul 1998	25% - 50%	2482045
Llc Woodmont Capital	Member	1 Jul 1998	Other	62-1626592
Paul W Mercer	General counsel and chief administrative officer	1 Dec 2003	Other	1436972
Richard Reeder Horton	Chief financial officer and chief compliance officer	1 Dec 2004	Other	4896992
Laurie Ford Hinkle	Chief compliance officer	1 May 2005	Other	2027395
Michael W Skarda	General counsel/chief administrative officer	1 Jun 2005	Other	4981057
Frank Mcmurry Garrison	President/chief operating officer	1 Feb 2006	Other	1044606
John P Riggan	Managing director, member	1 Jan 2007	Other	5304221
Thomas Gordon Milne	President & chief risk officer	1 Nov 2007	Other	1777024

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Connell Patton	Sole member	1 Dec 2003	75% - 100%	4779499

Based in Nashville

The principal office where Courage Capital Management, LLC performs its advisory services is located at 4400 Harding Road, Suite 503, Nashville, TN 37205, which is also the mailing address of the firm. An additional office of the firm is in Westlake Village, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 615-369-0110 or by fax 615-298-7529. The normal business hours are 8:00 a.m to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at couragecap.com (password protected).