Entrustpermal Partners Offshore LP is a large advisory firm based in New York. It manages $8.4 billion of regulatory assets for 54 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of Arizona, California, Colorado, and 26 other states.
Entrustpermal Partners Offshore provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of Entrustpermal Partners Offshore LP is $8.4 billion. The firm's AUM has gone down by -32% since the beginning of its operation, and $6.53 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Entrustpermal Partners Offshore LP 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.
The firm provides services to insurance companies, investment companies, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Entrustpermal Partners Offshore is pooled investment vehicles with 41 clients and $5.45 billion of assets under management. Among the 8 most similar advisory firms, Entrustpermal Partners Offshore has the 3rd lowest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $8.4 billion for 54 clients. 79% of the firm’s clients are foreign persons or businesses.
Entrustpermal Partners Offshore also advises several private funds. Namely, thirty two hedge funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $5,000,000.
The company employs 155 people that are either part- or full-time employees. 23 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 17 people 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.
The principal office where Entrustpermal Partners Offshore LP performs its advisory services is located at 375 Park Avenue, New York, NY 10152, which is also the mailing address of the firm. An additional office of the firm is in Medfield, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-888-1040 or by fax 212-225-8469. The normal business hours are 9:00am to 6:00pm on Monday - Friday. You can find more information about the New York firm at entrustpermal.com.