Hastings Funds Management (Usa), Inc. (New York)

Name: Hastings Funds Management (Usa), Inc.
Address: Level 39, 575 Fifth Avenue, New York, NY, 10017
Telephone: 212-551-1810

Hastings Funds Management (Usa), Inc. is a large advisory firm based in New York. It manages $245.49 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2012.

Hastings Funds Management (Usa) provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hastings Funds Management (Usa): assets under management

The assets under management (AUM) of Hastings Funds Management (Usa), Inc. is $245.49 million. The firm's AUM has gone down by -69% since the beginning of its operation, and $131.94 million of the total AUM is attributable to clients outside of the United States.

The firm manages $113.55 million in discretionary accounts and $131.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $113.55 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $131.94 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hastings Funds Management (Usa), Inc. for their services and products based on a percentage of assets under management. 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.

What kind of clients Efim Tkatchew serves?

The only and largest group of clients of Efim Tkatchew is pooled investment vehicles with 1 clients and $113.55 million of assets under management. Among the 8 most similar advisory firms, Hastings Funds Management (Usa) has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $113.55 million for 1 clients. 33% of the firm’s clients are foreign persons or businesses.

Hastings Funds Management (Usa) also advises several private funds. Namely, one other private fund.

Careers at Hastings Funds Management (Usa), Inc.

The company employs 8 people that are either part- or full-time employees. 100 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.

Efim Tkatchew has been acting as President since 1 Oct 2009. Northill Gloucester Holdings Limited joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Peter Taylor	Director chief executive officer hfm usa	1 Nov 2006	Other	6001658
Efim Tkatchew	Director	1 Oct 2009	Other	6024122
Varun Kapoor	Director chief compliance officer	1 Mar 2010	Other	5988997
Hastings Management Pty Ltd	Shareholder	1 Apr 2011	75% - 100%	na
Nicholas James Cleary	Investment director	1 Mar 2012	Other	6564292
Cameron James Price	Director chief compliance officer	1 Apr 2012	Other	6142632
Geraldine Barlow	Director	1 Jun 2012	Other	6142636
Irene Mavroyannis	Director chief executive officer hfm usa	1 Apr 2013	Other	4190185
Jane Morforwyn Frawley	Board secretary	1 Dec 2013	Other	6740753
Robert K Collins	Executive director, co-head north america	1 Dec 2013	Other	3104856
Sabina A Haq	Chief compliance officer	1 Dec 2013	Other	6253965
David Alexander Mclean	Director	1 Dec 2013	Other	6197134
Darius John Berendji	Non-executive director	1 Feb 2015	Other	6767730
Richard Edwin Henshall	Director	1 Mar 2015	Other	4781525
Nicholas James Cleary	Director, executive director	1 Aug 2015	Other	6564292
Darius John Berendji	Non-executive director	1 Aug 2015	Other	6767730
Jane Frawley	Chief compliance officer, executive director, legal & governance	1 Aug 2015	Other	6572804
Sabina Ali Haq	Chief compliance officer	1 Jan 2016	Other	6253965
Sabina A Haq	Chief compliance officer	1 Jan 2016	Other	6253965
Kevin Law	Non-executive director	1 Feb 2018	Other	6936802
Peter P Galloway	Chief compliance officer	1 Mar 2018	Other	4830279
Northill Gloucester Holdings Limited	Shareholder	1 Aug 2018	75% - 100%	foreign

Indirect Owners

The SEC currently registers 16 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Westpac Banking Corporation	Shareholder	1 Apr 2006	75% - 100%	98-6008211
Lm (Gp) Ltd	General partner	1 Nov 2008	Other	foreign
Northill Capital (Jersey) L.P.	Limited partner	1 Jan 2011	75% - 100%	foreign
Ernesto Silvio Maurizio Bertarelli	Limited partner	1 Jan 2011	50% - 75%	6148538
Donata Guichard Bertarelli	Limited partner	1 Jan 2011	25% - 50%	6148540
Ernesto Bertarelli Northill Discretionary Trust	Owner	1 May 2011	50% - 75%	foreign
Nc T Ltd	Trustee	1 May 2011	Other	foreign
Donata Bertarelli Northill Discretionary Trust	Owner	1 May 2011	25% - 50%	foreign
Northill Purpose Trust	Owner	1 May 2011	75% - 100%	foreign
Nc Pt Limited	Trustee	1 May 2011	Other	foreign
Northill Capital Holdings Limited	General partner	1 Jun 2012	Other	foreign
Northill Jersey Holidngs Lp	Owner	1 Dec 2012	75% - 100%	foreign
Northill Invest Lp	Limited partner	1 Nov 2015	75% - 100%	foreign
Waypoint Gp Limited	General partner	1 Nov 2015	Other	foreign
Landmark Lp	Limited partner	1 Nov 2015	75% - 100%	foreign
Northill Uk Management Holdings Limited	Owner	1 Feb 2018	75% - 100%	foreign

Based in New York

The principal office where Hastings Funds Management (Usa), Inc. performs its advisory services is located at Level 39, 575 Fifth Avenue, New York, NY 10017, 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 212-551-1810. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at hastingsinfra.com.