Trg Management LP (New York)

Trg Management LP is a large advisory firm based in New York. It manages $6.06 billion of regulatory assets for 67 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of Massachusetts and New York.

Trg 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.

Trg Management: assets under management

The assets under management (AUM) of Trg Management LP is $6.06 billion. The firm's AUM has grown by 245% since the beginning of its operation, and $2.89 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $5.39 billion in discretionary accounts and $669.11 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $88.37 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $111.52 million.

Trg Management has custody of $4.61 billion in cash and securities for 60 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in sovereign bonds the most. They account for 36% of the total AUM. The second-largest asset type is other assets, which make up 34% of the firm’s portfolio. Investments in cash and cash equivalents form 29% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Trg Management LP for their services and products based on a percentage of assets under management, fixed fees, 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 Trg Management serves?

The only and largest group of clients of Trg Management is pooled investment vehicles with 60 clients and $5.09 billion of assets under management. Among the 9 most similar advisory firms, Trg Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.09 billion for 60 clients. 65% of the firm’s clients are foreign persons or businesses.

Trg Management also advises several private funds. Namely, six hedge funds, fourteen real estate funds, one other private fund, and nineteen private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000 to $40,000,000.

Careers at Trg Management LP

The company employs 116 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates 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

Indirect Owners

The SEC currently registers 3 indirect owners.

Based in New York

The principal office where Trg Management LP performs its advisory services is located at 65 East 55 Th Street, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-984-2900 or by fax 212-682-9777. The normal business hours are 9:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at rohatyngroup.com.

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