Hfr Asset Management, L.L.C (Chicago)
Hfr Asset Management, L.L.C is a large advisory firm based in Chicago. It manages $4.19 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.
Hfr Asset Management, L.L.C provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and management of fund-of-funds structures. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Hfr Asset Management, L.L.C: assets under management
The assets under management (AUM) of Hfr Asset Management, L.L.C is $4.19 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 667% since the beginning of its operation, and $4.19 billion of the total AUM is attributable to clients outside of the United States.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Hfr Asset Management, L.L.C 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 John M. Klimek serves?
The only and largest group of clients of John M. Klimek is pooled investment vehicles with 22 clients and $4.19 billion of assets under management. Among the 13 most similar advisory firms, Hfr Asset Management, L.L.C has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $4.19 billion for 22 clients. 100% of the firm’s clients are foreign persons or businesses.
Hfr Asset Management, L.L.C also advises several private funds. Namely, twenty one hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
Careers at Hfr Asset Management, L.L.C
The company employs 2 people that are either part- or full-time employees. 100 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.
John M. Klimek has been acting as President since 1 Jan 2015. Michael Arenibar joined the executive team most recently as the President And Chief Compliance Officer.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 4 indirect owners.Based in Chicago
The principal office where Hfr Asset Management, L.L.C performs its advisory services is located at 10 South Riverside Plaza, Chicago, IL 60606, 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 312-327-0430 or by fax 312-327-0435. The normal business hours are 8:30a-5:30p on Monday - Friday. You can find more information about the New York firm at hfr.com.
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