Cifc Asset Management LLC (New York)

Cifc Asset Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and we manage collateralized loan obligation funds and other private funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Cifc Asset Management: assets under management

The assets under management (AUM) of Cifc Asset Management LLC is $20.6 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 457% since the beginning of its operation, and $20.16 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $20.6 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $337.74 million each.

Cifc Asset Management has custody of $2.67 billion in cash and securities for 16 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 62% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 38% of the firm’s portfolio.

Fees & Commissions

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

The firm provides services to insurance companies, pooled investment vehicles, banking or thrift institutions, and pension and profit sharing plans. The largest group of clients of Cifc Asset Management is pooled investment vehicles with 54 clients and $20.21 billion of assets under management. Among the 6 most similar advisory firms, Cifc Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $20.6 billion for 61 clients. 84% of the firm’s clients are foreign persons or businesses.

Cifc Asset Management also advises several private funds. Namely, three hedge funds, seven other private funds, one private equity fund, and thirty four securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Cifc Asset Management LLC

The company employs 93 people that are either part- or full-time employees. 37 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 6 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.

Stephen Joseph Vaccaro has served as the Chief Investment Officer since 1 Apr 2011 and Peter Nmn Gleysteen is the Chief Executive Officer of Cifc Asset Management LLC family office. John Stephen Dirocco joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 20 indirect owners.

Based in New York

The principal office where Cifc Asset Management LLC performs its advisory services is located at 250 Park Avenue, New York, NY 10177, 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 212-624-1200 or by fax 212-624-1199. The normal business hours are 9:00am to 6:00pm on Monday - Friday. You can find more information about the New York firm at cifc.com.

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