Pagoda Asset Management, LP (New York)

Name: Pagoda Asset Management, LP
Address: 527 Madison Avenue, New York, NY, 10022
Telephone: 212-632-8944

Pagoda Asset Management, LP is a large advisory firm based in New York. It manages $566.5 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdiction of New York.

Pagoda Asset Management 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.

Pagoda Asset Management: assets under management

The assets under management (AUM) of Pagoda Asset Management, LP is $566.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 4208% since the beginning of its operation, and $480.2 million of the total AUM is attributable to clients outside of the United States.

The firm manages $566.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $141.63 million each.

Pagoda Asset Management has custody of $480.2 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 53% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 47% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pagoda Asset Management, LP 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 Pagoda Asset Management serves?

The firm provides services to charitable organizations and pooled investment vehicles. The largest group of clients of Pagoda Asset Management is pooled investment vehicles with 3 clients and $480.2 million of assets under management. Among the 9 most similar advisory firms, Pagoda Asset Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $566.5 million for 4 clients. 50% of the firm’s clients are foreign persons or businesses.

Pagoda Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Pagoda Asset Management, LP

The company employs 8 people that are either part- or full-time employees. 63 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
Adam Rosen Bernstein	Managing partner and chief investment officer	1 May 2014	50% - 75%	4441167
Mark Daniel Hoffman	Chief operating officer and chief compliance officer	1 May 2014	Other	2669473
Glenn Adam Vogelman	Partner and sector head	1 May 2014	Other	4850126
Llc Pagoda Asset Management Gp	General partner	1 May 2014	Other	46-5580024
Brian O'reilly	Chief financial officer/ chief compliance officer	1 Jun 2014	Other	6023543
Brian Martin O'reilly	Chief financial officer/ chief compliance officer	1 Jun 2014	Other	6023543
Chris John Chung	Chief compliance officer/chief financial officer	1 Sep 2015	Other	6050184
Jeffrey Michael Holycross	Partner and sector head	1 Nov 2017	Other	5675142

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Glenn Adam Vogelman	Member	1 Sep 2015	Other	4850126

Based in New York

The principal office where Pagoda Asset Management, LP performs its advisory services is located at 527 Madison Avenue, New York, NY 10022, 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 212-632-8944 or by fax 212-223-0815. The normal business hours are 9 a.m. - 5 p.m. on Monday - Friday. You can find more information about the New York firm at pagoda-asset.com/.