Ivory Investment Management, LLC (New York)

Name: Ivory Investment Management, LLC
Address: 641 Lexington Ave, New York, NY, 10022
Telephone: 310-899-7300

Ivory Investment Management, LLC is a large advisory firm based in New York. It manages $2.67 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and New York.

Ivory Investment Management 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.

Ivory Investment Management: assets under management

The assets under management (AUM) of Ivory Investment Management, LLC is $2.67 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -52% since the beginning of its operation, and $2.14 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.67 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $267.07 million each.

Ivory Investment Management has custody of $2.56 billion in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ivory Investment Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Ivory Investment Management serves?

The only and largest group of clients of Ivory Investment Management is pooled investment vehicles with 10 clients and $2.67 billion of assets under management. Among the 8 most similar advisory firms, Ivory Investment Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.67 billion for 10 clients. 70% of the firm’s clients are foreign persons or businesses.

Ivory Investment Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Ivory Investment Management, LLC

The company employs 31 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 4 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Michael John Caruso	Chief financial officer	1 Jan 2013	Other	2740931
Mark Nmn Waissar	President, chief operating officer	1 Apr 2013	Other	2085234
Sophie Sokhun Kim	General counsel, chief compliance officer	1 Oct 2013	Other	5616504
Curtis Macnguyen	Sole manager	1 Dec 2015	Other	2085240
Iim Holdco Lp	Member	1 Dec 2015	75% - 100%	81-0686871
Iim Acquisition Lp	Member	1 Dec 2015	Other	81-1169689
Curtis Gia Macnguyen	Sole manager	1 Dec 2015	Other	2085240
Neil Parag Ashwin Chudgar	Co-head portfolio manager	1 Jan 2017	Other	4193494
Magdalena (Maggie) Maria Kadziolka	General counsel, chief compliance officer	1 Jul 2018	Other	6986907

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Curtis Macnguyen	Managing member	1 Jul 2002	50% - 75%	2085240
Curtis Gia Macnguyen	Managing member	1 Jul 2002	50% - 75%	2085240
Inc. Affiliated Managers Group	Member and manager	1 Sep 2002	75% - 100%	04-3218510
Llc Amg Ca Holdings	Shareholder	1 Sep 2002	75% - 100%	04-3413545
Amg Ca Holdings Corp.	General partner	1 Oct 2015	Other	22-2604001
Inc. Affiliated Managers Group	Partner	1 Oct 2015	75% - 100%	04-3218510
Amg Ca Holdings Lp	Partner	1 Oct 2015	75% - 100%	81-1160618
Llc Iim Gp	General partner	1 Dec 2015	Other	51-0446147

Based in New York

The principal office where Ivory Investment Management, LLC performs its advisory services is located at 641 Lexington Ave, New York, NY 10022, 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 310-899-7300 or by fax 310-899-7350. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at ivorycapital.com.