Scoggin Management LP (New York)

Scoggin Management LP is a large advisory firm based in New York. It manages $459.27 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of New York.

Scoggin 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.

Scoggin Management: assets under management

The assets under management (AUM) of Scoggin Management LP is $459.27 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -60% since the beginning of its operation, and $45.07 million of the total AUM is attributable to clients outside of the United States.

The firm manages $459.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $91.85 million each.

Scoggin Management has custody of $459.27 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Scoggin Management LP 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.

What kind of clients Scoggin Management serves?

The only and largest group of clients of Scoggin Management is pooled investment vehicles with 5 clients and $459.27 million of assets under management. Among the 12 most similar advisory firms, Scoggin Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $459.27 million for 5 clients. 40% of the firm’s clients are foreign persons or businesses.

Scoggin Management also advises several private funds. Namely, one hedge fund and one other private fund. The minimum investment commitment required of non-related persons ranges from $140,000 to $1,000,000.

Careers at Scoggin Management LP

The company employs 18 people that are either part- or full-time employees. 56 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
Craig Whitney Effron	Limited partner	1 Dec 2015	25% - 50%	6025446
Curtis Joseph Schenker	Limited partner	1 Dec 2015	25% - 50%	6025450
Todd Matthew Jablonsky	Chief financial officer	1 Dec 2015	Other	2315354
Effron Investors	Limited partner	1 Dec 2015	Other	13-3992095
Scoggin Gp Llc	General partner	1 Dec 2015	Other	81-0840645
Daniel Steven Taub	Chief compliance officer / chief legal officer	1 Dec 2015	Other	4352661
Scott Jeffrey Cohen	Chief compliance officer	1 Jan 2018	Other	1769646

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Craig Whitney Effron	Gp	1 Apr 1997	Other	6025446
Jared Alden Effron	Gp	1 Apr 1997	Other	5812257
Justin Nathaniel Effron	Gp	1 Apr 1997	Other	5925898
Alexa Muriel Effron	Gp	1 Apr 1997	Other	6538797
Craig W. Effron 1997 Trust	Gp	1 Apr 1997	Other	22-6715463
Blair Wayne Effron	Trustee	1 Apr 1997	Other	1532642

Based in New York

The principal office where Scoggin Management LP performs its advisory services is located at 660 Madison Avenue, New York, NY 10065, 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 212-355-5600 or by fax 212-355-7480. The normal business hours are 9am-5pm on Monday - Friday.