WATERFALL ASSET MANAGEMENT, LLC

RIASEC RegisteredEst. 2006

Total AUM

$22B

Discretionary

$22B

100% of AUM

Avg account

$324M

Accounts

Employees

133

Advisory reps

Firm details

Headquarters: New York, New York
CRD number: 137746
Registered since: January 9, 2006
Website: www.waterfallam.com
Custodians: THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION, THE BANK OF NEW YORK MELLON, BROWN BROTHERS HARRIMAN INVESTMENTS, LLC
Fee structure: Percentage of AUM, Performance Based Fees, Other
Client types: Pooled Investment Vehicles54.87%
Investment Companies37.22%
Insurance Companies7.31%
State / Municipal Government0.57%
Pension & Profit Sharing Plans0.01%
Services: Portfolio Management for Investment CompaniesPortfolio Management for Pooled Investment VehiclesPortfolio Management for Institutional Clients

Firm profile

FINTRX

Overview

Waterfall Asset Management, LLC is a multi-strategy manager formed in 2006 that serves an institutional client base. The firm operates as an LLC and is described as a multifaceted fund manager with active businesses across hedge funds, private equity and real estate strategies. It also functions in commodity pool/CTA capacities and provides portfolio management for investment companies, pooled vehicles and institutional or business clients. Waterfall charges a mix of asset-based and performance fees and identifies itself as an active ESG investor. The firm acts as sponsor/GP and managing member of pooled vehicles and lists affiliations that include other investment adviser and accounting relationships tied to its pooled-vehicle activity. That sponsorship role, combined with the firm’s CPO/CTA classification, suggests it runs both proprietary pooled funds and separately managed structures for institutional allocators.