Manager Profile Report
ABC INVESTMENT MANAGEMENT CORPORATION
The above content is based on the information that Convergence obtains from an Advisor's Form ADV. Convergence makes no representation to the accuracy of an Advisor's data or
to any derivative calculations Convergence creates using this data to benchmark Advisors. CMDX is a registered trademark of Convergence. Copyright 2015 © Convergence, LLC.
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Overview And Description Of Manager Business
ABC INVESTMENT MANAGEMENT’S primary strategy is Multi-Strategy managing approximately
$25,000,000,000 in Regulatory Assets Under Management. The firm manages 2 Hedge Funds, 0 Private
Equity Funds, 0 Real Estate Funds, 0 Venture Capital Funds, 0 Securitized Asset Funds, 0 Fund of Funds,
0 Liquidity Funds, and 0 'Other' Funds. Clients include 1,000 US Limited Partners and 300 Non-US Limited
Partners. Portfolio composition is 2 private funds and 0 public funds advised. The Manager has 1 Advisor
and 12 Affiliates.
The primary office address for this firm is in New York, United States and the firm has been registered with
the SEC for 5 years. The firm has office addresses in 3 locations. There are 300 full time professionals
employed by the firm. Asset growth/decline from Dec 2013 to Dec 2015 has been from $15,000,000,000 to
$25,000,000,000 FTE growth/decline from Dec 2013 to Dec 2015 has been from 250 to 300.
Peers of the firm defined by dominant fund type and regulatory assets under management include:
* IMCO A
* IMCO B
* IMCO C
* IMCO D
* IMCO E
* IMCO F
* IMCO G
* IMCO H
* IMCO G
The service provider infrastructure includes 2 Administrators, 1 Audit Firm, 5 Prime Brokers, 5
Custodians and 1 3rd Party Marketers
There are currently 5 violations disclosed by this Manager.
The above content is based on the information that Convergence obtains from an Advisor's Form ADV. Convergence makes no representation to the accuracy of an Advisor's data or
to any derivative calculations Convergence creates using this data to benchmark Advisors. CMDX is a registered trademark of Convergence. Copyright 2015 © Convergence, LLC.
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Current Reference Data
Legal Name:
Primary Address:
Primary Phone Number:
Years Registered:
ABC INVESTMENT MANAGEMENT COMPANY
123 MAIN STREET
ANYTOWN
UNITED STATES
000-000-0000
5
Knowledge Date:
ADV FILING 09/02/2015
Primary Investment Strategy:
Multi-Strategy
CEO:
MR CEO
CFO:
MR CFO
COO:
MS COO
CCO:
MS CCO
Business Profile
Full Time Equivalents:
300
Investment Professionals:
140
Non-Investment Professionals:
160
Office Locations:
3
Asset Levels
Regulatory Assets ($):
$25,000,000,000
Private Fund Assets ($):
$25,000,000,000
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Recent News Headlines
ABC INVESTMENT MANAGEMENT HAS RECORD QUARTER
07/07/2015, WSJ
ABC INVESTMENT MANAGEMENT TAKES STAKE IN RE
06/25/2015, New York Times
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Headcount and Productivity Benchmarks
Headcount
Value
Benchmarks Manager
FTE/BN
IP/BN
7.53
3.52
Mean
Peer
8.44
3.99
Mean
+/-
Comments
-0.92
The firm has less full time staff per billion of Regulatory Assets Under Management (RAUM) than the Peer Group MEAN suggesting higher net management fee income than
peers. Examine this condition to understand why the firm has less staff per billion. It could suggest there is no capacity, that the firm operates below best practice levels, or
operates with higher levels of operating risk.
-0.47
The firm has less investment staff per billion of Regulatory Assets Under Management (RAUM) than the Peer Group MEAN suggesting higher net management fee income
than peers. Examine this condition to understand why the firm has less staff per billion. It could suggest little or no capacity, or that the firm operates at best practice levels
or operates with higher levels of operating risk.
NIP/BN
4.01
4.45
-0.45
The firm has less non-investment staff per billion of Regulatory Assets Under Management (RAUM) than the Peer Group MEAN suggesting higher net management fee
income than peers. Examine this condition to understand why the firm has less staff per billion. It could suggest little or no capacity, of that the firm operates below best
practice levels or with higher levels of operating risk.
NIP/IP
1.14
1.51
-0.37
The number of non-investment staff per investment professionals is less than the Peer Group MEAN. This suggests higher net management fees and should be examined
to determine whether the non-investment teams are operating to the expectation. Answers can be found in complexity, culture, process and enabling technology.
0.08
The percentage of investment professional to total staff is greater than the Peer Group Mean. This condition should be examined to determine opportunities to increase
efficiency. Additional analysis will justify the condition, by determining whether the firm is operating at, above or below market "best practices". Examine opportunities for the
firm to get more from the current service providers, help determine opportunities to improve profitability and identify capacity to grow assets with the current investment team.
Best practice levels include, but are not limited to, assessments of how funds are constructed and optimized.
The percentage of non-investment professional to total staff is less than the Peer Group Mean. This suggests higher net management fee income and should be examined
to identify opportunities to establish best practices, for the firm to get more from its current service providers, improve profitability and identify capacity to grow assets with
the current non-investment team.
IP/FTE
0.47
0.45
NIP/FTE
0.53
0.55
-0.02
Productivity
Value
Mean
Mean
FTE/FUNDS
IP/FUNDS
NIP/FUNDS
NIP/LP
170.00
79.50
90.50
0.16
IP/LP
0.14
Benchmarks Manager
156.26
The firm has more total full time staff per fund than the Peer Group MEAN suggesting less productivity or excess capacity. This condition negatively impacts net management
fee income and additional analysis is needed to justify the condition. If the firm is found to be operating at or above market "best practices", determine opportunities to improve
profitability.
73.01
The firm has more total investment staff per fund than the Peer Group MEAN suggesting less productivity or excess capacity. This condition negatively impacts net management
fee income and additional analysis is needed to justify the condition. If the firm is found to be operating at or above market "best practices", determine opportunities to improve
profitability.
83.25
The firm has more non-investment staff per fund than the Peer Group MEAN suggesting less productivity or excess capacity. This condition negatively impacts net management
fee income and additional analysis is needed to justify the condition. If the firm is operating at or above market "best practices", help determine opportunities to improve
profitability.
0.11
0.05
The firm has more non-investment staff per limited partner suggesting less productivity or excess capacity to the Peer Group MEAN. This condition negatively impacts net
management fee income and additional analysis is needed to justify the condition. If the firm operating at or above market "best practices" and help determine opportunities to
improve profitability.
0.09
Peer
0.04
+/-
13.74
6.49
7.25
The firm has more investment staff per limited partner, suggesting less productivity or excess capacity. This condition negatively impacts net management fee income and
additional analysis is needed to justify the condition. If the firm is found to be operating at or above market "best practices", help determine opportunities to improve profitability.
Comments
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Advisor Detail
Advisor Name
Primary Strategy
Total RAUM
Private RAUM
FTE
IP
NIP
# of Funds
Reg. Violations
ABC INVESTMENT MANAGEMENT CORPORATION
Multi-Strategy
$25,000,000,000
$25,000,000,000
300
140
160
2
5
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Fund Detail
Fund Name
Fund Type
Fund Struct.
Net GAV
Administrator
Auditors
ABS INTERNATIONAL, L.P.
Hedge Fund
Master Fund
$20,000,000,000
BEST FUND SERVICES
BEST AUDITOR
Prime Brokers Custodians
5
5
ABC MANAGEMENT, L.P.
Hedge Fund
Single Fund
$5,000,000,000
2ND BEST FUND SERVICES
2ND BEST AUDITOR
5
5
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Regulatory Authorities
CAYMAN
CAYMAN ISLAND MONETARY AUTHORITY (CI
UNITED KINGDOM
FINANCIAL CONDUCT AUTHORITY
UNITED STATES
COMMODITY FUTURES TRADING COMMISSION
SECURITIES AND EXCHANGE COMMISSION
The above content is based on the information that Convergence obtains from an Advisor's Form ADV. Convergence makes no representation to the accuracy of an Advisor's data or
to any derivative calculations Convergence creates using this data to benchmark Advisors. CMDX is a registered trademark of Convergence. Copyright 2015 © Convergence, LLC.
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Recent Regulatory Violations
VIOLATION 1 - SEC
Date: 07/08/2015 Type: Civil
VIOLATION 2 - CFTC
Date: 02/11/2015 Type: Regulatory
VIOLATION 3 - SEC
Date: 10/28/2014 Type: Regulatory
VIOLATION 4 - CAYMAN
Date: 10/28/2014 Type: Regulatory
VIOLATION 5 - SEC
Date: 12/27/2012 Type: Regulatory
The above content is based on the information that Convergence obtains from an Advisor's Form ADV. Convergence makes no representation to the accuracy of an Advisor's data or
to any derivative calculations Convergence creates using this data to benchmark Advisors. CMDX is a registered trademark of Convergence. Copyright 2015 © Convergence, LLC.
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0
Other Office Locations
UNITED STATES
CHCAGO AND SAN
FRANCISCO
UNITED KINGDOM
LONDON
The above content is based on the information that Convergence obtains from an Advisor's Form ADV. Convergence makes no representation to the accuracy of an Advisor's data or
to any derivative calculations Convergence creates using this data to benchmark Advisors. CMDX is a registered trademark of Convergence. Copyright 2015 © Convergence, LLC.
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1
Service Providers
AUDITOR
AUDITOR 1
ADMINISTRATOR
ADMINISTRATOR 1
ADMINISTRATOR 2
PRIME BROKER
PB 1
PB 4
PB 2
PB 5
PB 3
CUSTODIAN
CUST 1
CUST 2
CUST 4
CUST 5
CUST 3
The above content is based on the information that Convergence obtains from an Advisor's Form ADV. Convergence makes no representation to the accuracy of an Advisor's data or
to any derivative calculations Convergence creates using this data to benchmark Advisors. CMDX is a registered trademark of Convergence. Copyright 2015 © Convergence, LLC.
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Frequently Asked Questions
I WANT TO WORK IN OR RESEARCH A SPECIFIC GEOGRAPHY HOW DO I FIND RIA'S IN THAT AREA?
The CONVERGENCE filter will enable you to research RIA's by City and State
WHO DO I CONTACT AT THE FIRM
All C suite contacts are provided along with the URL, address and main phone for the firm
CAN I NETWORK WITH ADDITIONAL COMPANIES RELATIVE TO THE MANAGER
Yes - we provide you with a list of firms (accounting, audit, banking etc) that currently service the Manager
IS THIS COMPANY GROWING IN ASSETS UNDER MANAGEMENT? IS STAFFING GROWING?
We provide you with both - asset levels under management is a great talking point - commensurate with new funds - new advisors - staffing levels are important talking points relative to year on year expansion or
contraction. Technology decisions - vendor decisions and Investor activities all drive the staffing discussion
WHO ARE THE SERVICE PROVIDERS TO THE FIRM?
We inventory all providers - a good way to further research through contacts and data on these firms
WHAT TYPE OF CLIENTS DOES THE FIRM HAVE?
We will show public and private fund counts in addition to types of funds managed
WHO ARE THE PEERS OF THIS COMPANY? FIRMS OF THE SAME SIZE AND INVESTMENT STRATEGY?
We provide you with a list of 25 peers - other firms you can research
HAS THIS FIRM BEEN IN THE NEWS LATELY?
We provide you with related news clips over the last 90 days
HOW DOES THIS FIRMS HEADCOUNT AND PRODUCTIVITY LEVELS COMPARE TO PEERS?
We will show you the delta - a great discussion point for efficiency - capacity that may be built in - different degrees of complexity. Also number of offices - Investors(limited partners) - and service provides
DRIVES staff levels necessary to manage
HOW IMPORTANT ARE REGULATORY INFRACTIONS REPORTED?
Important research on the people you may potentially work with. Critical to understand a pattern of behavior or important pending litigation about the firm
The above content is based on the information that Convergence obtains from an Advisor's Form ADV. Convergence makes no representation to the accuracy of an Advisor's data or
to any derivative calculations Convergence creates using this data to benchmark Advisors. CMDX is a registered trademark of Convergence. Copyright 2015 © Convergence, LLC.
Page 1/13
3
The above content is based on the information that Convergence obtains from an Advisor's Form ADV. Convergence makes no representation to the accuracy of an Advisor's data or
to any derivative calculations Convergence creates using this data to benchmark Advisors. CMDX is a registered trademark of Convergence. Copyright 2015 © Convergence, LLC.