Claren Road Asset Management, LLC (New York)

Claren Road Asset Management, LLC is a large advisory firm based in New York. It manages $145.11 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2005.

Claren Road Asset Management provides portfolio management for pooled investment vehicles and separately managed account. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Claren Road Asset Management: assets under management

The assets under management (AUM) of Claren Road Asset Management, LLC is $145.11 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -54% since the beginning of its operation, and $119.82 million of the total AUM is attributable to clients outside of the United States.

The firm manages $145.11 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $20.73 million each.

Claren Road Asset Management has custody of $119.82 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in state and local bonds the most. They account for 48% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 42% of the firm’s portfolio. Investments in exchange traded securities form 10% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Claren Road Asset 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 Claren Road Asset Management serves?

The only and largest group of clients of Claren Road Asset Management is pooled investment vehicles with 6 clients and $119.82 million of assets under management. Among the 5 most similar advisory firms, Claren Road Asset Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $119.82 million for 6 clients. 57% of the firm’s clients are foreign persons or businesses.

Claren Road Asset Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at Claren Road Asset Management, LLC

The company employs 15 people that are either part- or full-time employees. 27 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.

Wendy Rapp Ruberti joined the executive team most recently as the Chief Legal Officer Claren Road Asset Management, Llc And Claren Road Asia Limited (Relying Adviser).

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brian Peter Riano	Chief executive officer	1 Jul 2005	Other	1903441
John Edwin Eckerson	Co-chief investment officer	1 Jul 2005	Other	2406401
Sean Patrick Fahey	Co-chief investment officer	1 Jul 2005	Other	2662782
Albert Lawrence Marino	Managing member	1 Jul 2005	Other	3146698
Kenneth J. Weiller	Chief operating officer/non-managing member	1 Oct 2005	Other	5075046
Christopher Tooker Pullen	Chief compliance officer	1 Nov 2005	Other	4139701
Richard Kilwhan Chun	Director - claren road asia limited (relying adviser)	1 Sep 2008	Other	2556257
Desmond Chum	Director - claren road asia limited (relying adviser)	1 Sep 2008	Other	2802065
Neil Andrew Berman	Chief financial officer	1 Apr 2009	Other	3114571
Albert Lawrence Marino	Chief operating officer	1 Jul 2009	Other	3146698
Wendy Rapp Ruberti	General counsel- claren road asset management, llc and claren road asia limited (relying adviser)	1 Jul 2009	Other	4334529
Claren Road Asia Limited (Relying Adviser)	Relying adviser	1 Aug 2009	Other	46-0522243
Albert Lawrence Marino	Director - claren road asia limited (relying adviser)	1 Feb 2010	Other	3146698
L.L.C. Tc Group	Managing member	1 Dec 2010	50% - 75%	54-1686957
Cram Holdings Lp	Direct owner	1 Sep 2014	75% - 100%	47-1923617
Joseph Albert Grogan	Chief compliance officer	1 Feb 2015	Other	4901846
Wendy Rapp Ruberti	Chief legal officer - claren road asset management, llc and claren road asia limited (relying adviser)	1 Mar 2015	Other	4334529

Indirect Owners

The SEC currently registers 15 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
William Elias Conway	Managing member	1 Dec 2000	25% - 50%	1776820
Daniel Anthony D'aniello	Managing member	1 Dec 2000	25% - 50%	1723797
David Mark Rubenstein	Managing member	1 Dec 2000	25% - 50%	1723794
Tcg Holdings	Managing member	1 Dec 2010	75% - 100%	54-1686011
Carlyle Group Management L.L.C.	General partner	1 Jul 2011	Other	45-2831199
Carlyle Holdings I Gp Inc	Member	1 Nov 2011	75% - 100%	80-0784146
The Carlyle Group L.P.	Shareholder	1 Nov 2011	75% - 100%	45-2832612
Carlyle Holdings I L.P.	Member	1 May 2012	75% - 100%	80-0784309
Carlyle Holdings I Gp Sub L.L.C	General partner	1 Nov 2012	Other	61-1675874
Llc Tc Group	Limited partner	1 Sep 2014	50% - 75%	54-1686957
Brian Peter Riano	Limited partner	1 Sep 2014	Other	1903441
Sean Patrick Fahey	Limited partner	1 Sep 2014	Other	2662782
John Edwin Eckerson	Limited partner	1 Sep 2014	Other	2406401
Albert Lawrence Marino	Limited partner	1 Sep 2014	Other	3146698
Cram Holdings Gp Llc	General partner	1 Sep 2014	Other	47-1917218

Based in New York

The principal office where Claren Road Asset Management, LLC performs its advisory services is located at 900 Third Avenue, New York, NY 10022, 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 212-888-1433 or by fax 212-888-1033. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday.