Tfg Asset Management L.P. (New York)


Tfg Asset Management L.P. is a large advisory firm based in New York. It manages $14.38 billion of regulatory assets for 43 client accounts. It has been registered with the SEC as an adviser since 2013.

Tfg Asset Management provides 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.

Tfg Asset Management: assets under management

The assets under management (AUM) of Tfg Asset Management L.P. is $14.38 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 129% since the beginning of its operation, and $14.07 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $14.38 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $334.37 million each.

Investments

The firm invests in cash and cash equivalents the most. They account for 58% of the total AUM. The second-largest asset type is exchange traded securities, which make up 42% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Tfg Asset Management L.P. 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 Tfg Asset Management serves?

The only and largest group of clients of Tfg Asset Management is pooled investment vehicles with 42 clients and $14.14 billion of assets under management. Among the 4 most similar advisory firms, Tfg Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $14.14 billion for 42 clients. 86% of the firm’s clients are foreign persons or businesses.

Tfg Asset Management also advises several private funds. Namely, three hedge funds, one other private fund, four private equity funds, and twenty four securitized asset funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Tfg Asset Management L.P.

The company employs 95 people that are either part- or full-time employees. 49 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Paul Gannon Chief financial officer 1 Aug 2008 Other 6770275
Polygon Management Ltd. General partner 1 Jun 2009 Other 98-0646182
Reade Eugene Griffith Principal 1 Jun 2009 Other 3155603
Patrick Giles Gauntlet Dear Principal 1 Jun 2009 Other 1775223
Philip Nmn Bland Chief financial officer 1 Jun 2009 Other 5069653
Gregory Nmn Wadsworth Director of business development 1 Jun 2009 Other 2747968
Sean Andrew Cote General counsel 1 Jun 2009 Other 5874134
Michael James Humphries Principal 1 Jun 2009 Other 2526601
James Patrick Feeney Chief compliance officer 1 Sep 2011 Other 3234646
Polygon Topco Ltd Limited partner 1 Oct 2012 75% - 100% foreign
Sean Andrew Cote General counsel and chief compliance officer 1 Oct 2013 Other 5874134
Stacy Felice Scheehle Chief compliance officer 1 Jan 2014 Other 4113085
Stephen Lionel Prince Co-head of north america 1 Oct 2015 Other 5033916
Paul Ronald Gannon Chief financial officer 1 Jan 2017 Other 6770275

Indirect Owners

The SEC currently registers 9 indirect owners.

Name Entity Date acquired Ownership Employer ID
Tetragon Financial Group Limited Shareholder 1 Jul 2005 75% - 100% 98-0465068
Alexander Edward Jackson Shareholder 1 Apr 2007 25% - 50% 1543440
Reade Eugene Griffith Shareholder 1 Apr 2007 50% - 75% 3155603
Polygon Credit Holdings Ii Ltd. Shareholder 1 Apr 2007 75% - 100% foreign
Tetragon Financial Group Master Fund Limited Shareholder 1 Oct 2012 75% - 100% 98-0465096
Alexander Edward Jackson Shareholder 1 Oct 2012 25% - 50% 1543440
Reade Eugene Griffith Shareholder 1 Oct 2012 25% - 50% 3155603
Polygon Credit Holdings Ii Ltd. Shareholder 1 Oct 2012 75% - 100% foreign
Tetragon Financial Group Limited Shareholder 1 Oct 2012 Other 98-0465068

Based in New York

The principal office where Tfg Asset Management L.P. performs its advisory services is located at 399 Park Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Delray Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-359-7300 or by fax 212-359-7301. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at tetragoninv.com/.