Eastbay Asset Management, LLC (New York)

Eastbay Asset Management, LLC is a large advisory firm based in New York. It manages $701.83 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2014.

Eastbay Asset 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.

Eastbay Asset Management: assets under management

The assets under management (AUM) of Eastbay Asset Management, LLC is $701.83 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 333% since the beginning of its operation, and $599.11 million of the total AUM is attributable to clients outside of the United States.

The firm manages $701.83 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $140.37 million each.

Eastbay Asset Management has custody of $327.41 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Eastbay Asset Management, 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 Eastbay Asset Management serves?

The only and largest group of clients of Eastbay Asset Management is pooled investment vehicles with 5 clients and $701.83 million of assets under management. Among the 10 most similar advisory firms, Eastbay Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $701.83 million for 5 clients. 60% of the firm’s clients are foreign persons or businesses.

Eastbay Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Eastbay Asset Management, LLC

The company employs 9 people that are either part- or full-time employees. 44 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Steven Michael Landry	Managing member	1 Mar 2013	50% - 75%	2664460
Adam Jeffery Wolfberg	Managing member	1 Mar 2013	50% - 75%	2507886
Hanif Dhanani	Chief operating officer and chief compliance officer	1 Mar 2013	Other	6230596

Based in New York

The principal office where Eastbay Asset Management, LLC performs its advisory services is located at 650 Fifth Avenue, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in San Rafael, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-702-7148 or by fax 212-702-7149. The normal business hours are 8am-6pm on Monday - Friday.