Citigroup Alternative Investments LLC (New York)

Citigroup Alternative Investments LLC is a large advisory firm based in New York. It manages $848.11 million of regulatory assets for 21 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of New York.

Citigroup Alternative Investments 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.

Citigroup Alternative Investments: assets under management

The assets under management (AUM) of Citigroup Alternative Investments LLC is $848.11 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -98% since the beginning of its operation, and $502.58 million of the total AUM is attributable to clients outside of the United States.

The firm manages $848.11 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $40.39 million each.

Citigroup Alternative Investments has custody of $590.86 million in cash and securities for 21 clients in total and its related person acts as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Citigroup Alternative Investments LLC 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 Philip Joseph Dunne serves?

The only and largest group of clients of Philip Joseph Dunne is pooled investment vehicles with 21 clients and $848.11 million of assets under management. Among the 7 most similar advisory firms, Citigroup Alternative Investments has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $848.11 million for 21 clients. 43% of the firm’s clients are foreign persons or businesses.

Citigroup Alternative Investments also advises several private funds. Namely, four real estate funds and seven private equity funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $5,000,000.

Careers at Citigroup Alternative Investments LLC

The company employs 20 people that are either part- or full-time employees. 25 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.

Philip Joseph Dunne has been acting as President since 1 Mar 2013. David Alan Tyson has served as the Chief Investment Officer since 1 Feb 2002 and Michael Alan Carpenter is the Chief Executive Officer of Citigroup Alternative Investments LLC family office. Prakash Venkatasubramanian joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Citigroup Investments Inc.	Owner	1 Feb 2002	75% - 100%	061497445
Ahmed Fahour	Chief executive officer & director	1 Feb 2002	Other	4510085
Bruce Edward Zimmerman	Chief financial officer & director	1 Feb 2002	Other	2396809
Charles Arthur Alan Covell	Executive vice president & chief operating officer	1 Feb 2002	Other	4512451
David Alan Tyson	Chief investment officer	1 Feb 2002	Other	2960864
Susan W. Lewis	Executive vice president	1 Feb 2002	Other	4511533
Clifford Vincent Desouza	Senior vice president	1 Feb 2002	Other	4379297
Timothy Mark Greatorex	Senior vice president & head of product development	1 Feb 2002	Other	4512455
Reaz Islam	Managing director	1 Feb 2002	Other	4511537
Neil Rodney Smith	Managing director	1 Feb 2002	Other	4511535
Reaz (Nmn) Islam	Managing director	1 Feb 2002	Other	4511537
Richard Paul Roelofs	Chief compliance officer	1 Jun 2002	Other	1584961
Millie Kim	Chief legal officer	1 Jul 2002	Other	4353488
Millie (Nmn) Kim	Chief legal officer; managing member	1 Jul 2002	Other	4353488
James Charles Zelter	Chief investment officer	1 Sep 2003	Other	1336776
Kevin Johnson Mccaffrey	Head of global sales	1 Sep 2003	Other	1879348
Robert Anthony Case	Chief administrative officer	1 Mar 2004	Other	1367765
Michael Kent Neborak	Chief financial officer	1 Mar 2004	Other	1508712
Michael Alan Carpenter	Chief executive officer	1 Mar 2005	Other	1703107
William Alfred Arnold	Chief financial officer	1 Jul 2005	Other	3114495
Dean Sherman Barr	Head of liquid markets	1 Dec 2005	Other	1189412
Michael Braverman Froman	Chief operating officer	1 Mar 2006	Other	5123699
John Paul Havens	President; managing member	1 Jul 2007	Other	871302
Vikram Shankar Pandit	Chairman and chief executive officer; managing member	1 Jul 2007	Other	1410197
Jonathan Louis Dorfman	Managing member	1 Nov 2007	Other	4025919
James Michael Obrien	Managing member	1 Nov 2007	Other	1257015
Jacob J Lew	Chief operating officer	1 Jan 2008	Other	5190413
John Paul Havens	Chairman	1 Mar 2008	Other	871302
Edward Joseph Kelly	Chief executive officer and president; managing member	1 Mar 2008	Other	2724462
Dennis Geran Shea	Chief compliance officer	1 Jan 2009	Other	1747468
Michael Robert Williams	Chief operating officer	1 Apr 2009	Other	5699831
Craig Barrack	General counsel	1 Feb 2010	Other	5757298
Scott Perry Spilkevitz	Chief compliance officer	1 Oct 2011	Other	2104925
Philip Joseph Dunne	President	1 Mar 2013	Other	2897132
William J Hansen	Treasurer	1 Mar 2013	Other	1172579
Ramesh C Gupta	Manager	1 Mar 2013	Other	2225119
Prakash Venkatasubramanian	President	1 Dec 2016	Other	6775823

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Citigroup Inc.	Parent	1 Oct 1997	75% - 100%	52-1568099

Based in New York

The principal office where Citigroup Alternative Investments LLC performs its advisory services is located at 388 Greenwich Street, New York, NY 10013, 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 212-816-4350 or by fax 646-861-6413. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday.