PENSO ADVISORS, LLC

RIASEC RegisteredEst. 2012

Total AUM

$1.1B

Discretionary

$61.2M

6% of AUM

Avg account

$133M

Accounts

Employees

Advisory reps

Firm details

Headquarters: New York, New York
CRD number: 158297
Registered since: March 20, 2012
Website: www.penso.com
Custodians: J.P. MORGAN SECURITIES INC., MORGAN STANLEY & CO. LLC, SAFRA SECURITIES LLC
Fee structure: Percentage of AUM, Fixed Fees, Performance Based Fees
Client types: Pooled Investment Vehicles90.48%
Other Investment Advisers9.42%
Corporations / Businesses0.1%
Services: Portfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Penso Advisors, LLC is a hedge-fund–style investment adviser that concentrates on managing pooled investment vehicles and institutional portfolios. Structured as a limited liability company and operating as a CPO/CTA, the firm serves an institutional client base and charges a mix of percentage-of-AUM, fixed, and performance-based fees. The firm is not positioned as an ESG-focused manager and identifies primarily as a single-state adviser. Investment activity centers on managing one or more hedge fund vehicles while allocating to external alternative managers. Penso acts as both a portfolio manager for pooled vehicles and as a manager for business or institutional accounts, which aligns with its hedge fund classification and its role as a sponsor/adviser to private funds.