Wolverine Asset Management, LLC is a large advisory firm based in Chicago. It manages $6.26 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Illinois.
Wolverine Asset Management provides portfolio management for investment companies and 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 Wolverine Asset Management, LLC is $6.26 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4765% since the beginning of its operation, and $6.2 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Wolverine Asset Management, 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 firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Wolverine Asset Management is pooled investment vehicles with 6 clients and $6.2 billion of assets under management. Among the 10 most similar advisory firms, Wolverine Asset Management has the 4th highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $6.26 billion for 7 clients. 67% of the firm’s clients are foreign persons or businesses.
Wolverine Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.
The company employs 45 people that are either part- or full-time employees. 60 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.
Christopher Lazarus Gust has served as the Chief Investment Officer since 1 Nov 2001. Niraj Mahendra Patel joined the executive team most recently as the Chief Legal Officer And Chief Compliance Officer.
The principal office where Wolverine Asset Management, LLC performs its advisory services is located at 175 West Jackson Blvd., Chicago, IL 60604, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 312-884-4400 or by fax 312-884-4401. The normal business hours are 7:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at wolverinehedgefunds.com.