Cohanzick Management LLC (Pleasantville)


Cohanzick Management LLC is a large advisory firm based in Pleasantville. It manages $1.49 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2009 and has operated in the jurisdiction of New York.

Cohanzick Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, 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.

Cohanzick Management: assets under management

The assets under management (AUM) of Cohanzick Management LLC is $1.49 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 929% since the beginning of its operation, and $17.42 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.49 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $124.31 million each.
Cohanzick Management has custody of $60.1 million in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 74% of the total AUM. The second-largest asset type is investment grade corporate bonds, which make up 11% of the firm’s portfolio. Investments in other assets form 9% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cohanzick Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Cohanzick Management serves?

The firm provides services to investment companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Cohanzick Management is investment companies with 2 clients and $1.18 billion of assets under management. Among the 7 most similar advisory firms, Cohanzick Management has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $1.49 billion for 10 clients. 31% of the firm’s clients are foreign persons or businesses.

Cohanzick Management also advises several private funds. Namely, five hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $1,000,000.

Careers at Cohanzick Management LLC

The company employs 13 people that are either part- or full-time employees. 62 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
David K (Mi Only) Sherman Managing member 1 Jul 1996 75% - 100% 1304089
David Kohlman Sherman Managing member 1 Jul 1996 75% - 100% 1304089
Inc. Dst Systems Non-managing member 1 Jul 1996 Other 43-1581814
Financial Holding Corporation Non-managing member 1 Jul 1996 Other 43-133004
Jonathan Seth Barkoe Chief financial officer and chief compliance officer 1 Apr 2004 Other 5657235
Jonathan Barkoe Chief financial officer and chief compliance officer 1 Apr 2004 Other 5657235
Bruce A Falbaum Non-managing member 1 Dec 2013 Other 2317924
David K. Sherman 1997 Family Trust Non-managning member 1 Dec 2013 Other 13-7144249
Jonathan Ira Berg Non-managing member 1 Jan 2016 Other 2463471

Indirect Owners

The SEC currently registers 3 indirect owners.

Name Entity Date acquired Ownership Employer ID
Michael Merriman President 1 Dec 1984 75% - 100% 5660293
Michael (Nmn) Merriman President 1 Dec 1984 75% - 100% 5660293
Robert Alan Davidow Trustee 1 Dec 2013 Other 61501

Based in Pleasantville

The principal office where Cohanzick Management LLC performs its advisory services is located at 427 Bedford Road, Pleasantville, NY 10570, 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 914-741-9600 or by fax 914-206-4163. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at cohanzick.com/.