Nantucket Multi Managers, LLC is a large advisory firm based in Bloomfield Hills. It manages $274.25 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdiction of Michigan.
Nantucket Multi Managers provides portfolio management for pooled investment vehicles, selection of other advisers, and management of hedge fund based fund-of-funds and offer these fund-of-funds through nantucket multi managers, llc (the issuer). 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 Nantucket Multi Managers, LLC is $274.25 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 297% since the beginning of its operation, and $103.24 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Nantucket Multi Managers, 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.
The only and largest group of clients of Nantucket Multi Managers is pooled investment vehicles with 3 clients and $274.25 million of assets under management. Among the 11 most similar advisory firms, Nantucket Multi Managers has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $274.25 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.
Nantucket Multi Managers also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $500,000 to $1,000,000.
The company employs 6 people that are either part- or full-time employees. 83 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.
The principal office where Nantucket Multi Managers, LLC performs its advisory services is located at 40950 Woodward Ste 307, Bloomfield Hills, MI 48304, 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 248-723-9286 or by fax 248-723-9289. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at nantucketfunds.com.