Candlewood Investment Group, LP is a large advisory firm based in Rye. It manages $394.35 million of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2010.
Candlewood Investment Group 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.
The assets under management (AUM) of Candlewood Investment Group, LP is $394.35 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -61% since the beginning of its operation, and $294.54 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Candlewood Investment Group, LP 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.
The only and largest group of clients of Candlewood Investment Group is pooled investment vehicles with 15 clients and $394.35 million of assets under management. Among the 7 most similar advisory firms, Candlewood Investment Group has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $394.35 million for 15 clients. 50% of the firm’s clients are foreign persons or businesses.
Candlewood Investment Group also advises several private funds. Namely, four hedge funds and three private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.
The company employs 9 people that are either part- or full-time employees. 56 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 5 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.
The principal office where Candlewood Investment Group, LP performs its advisory services is located at 555 Theodore Fremd Avenue, Rye, NY 10580, 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 212-493-4495 or by fax 212-493-4492. The normal business hours are 8:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at candlewoodgroup.com/.