Wasserstein Debt Opportunities Management, LP (New York)


Wasserstein Debt Opportunities Management, LP is a large advisory firm based in New York. It manages $421.33 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of New York.

Wasserstein Debt Opportunities Management provides portfolio management for individuals and small businesses, 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.

Wasserstein Debt Opportunities Management: assets under management

The assets under management (AUM) of Wasserstein Debt Opportunities Management, LP is $421.33 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 112% since the beginning of its operation, and $23.23 million of the total AUM is attributable to clients outside of the United States.

The firm manages $421.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $70.22 million each.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 58% of the total AUM. The second-largest asset type is derivatives, which make up 41% of the firm’s portfolio. Investments in exchange traded securities form 1% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wasserstein Debt Opportunities Management, LP 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 Wasserstein Debt Opportunities Management serves?

The firm provides services to insurance companies, high net worth individuals, and pooled investment vehicles. The largest group of clients of Wasserstein Debt Opportunities Management is pooled investment vehicles with 4 clients and $236.45 million of assets under management. Among the 11 most similar advisory firms, Wasserstein Debt Opportunities Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $421.33 million for 6 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 33% of the firm’s clients are foreign persons or businesses.

Wasserstein Debt Opportunities Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $50,000,000.

Careers at Wasserstein Debt Opportunities Management, LP

The company employs 6 people that are either part- or full-time employees. 67 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 2 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
Llc Wasserstein Investments General partner 1 Feb 2012 Other 13-4148561
Rajay Prakash Bagaria Managing director 1 Oct 2012 75% - 100% 4024931
L.P. Wasserstein & Co. Limited partner 1 Feb 2013 Other 160339
Joseph Thomas Dutton Chief compliance officer, chief financial officer 1 Dec 2016 Other 6737920
Llc Wdo Management Gp General partner 1 Feb 2017 Other 82-0617212

Indirect Owners

The SEC currently registers 7 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.P. Wasserstein Capital Partner 1 Dec 2000 75% - 100% 13-4148563
Llc Wasserstein Investments General partner 1 Dec 2000 Other 13-4148561
Llc Wasserstein Holdings Sole member 1 Jan 2001 75% - 100% 13-4148559
Llc Wasserstein Family Trust Member 1 Jan 2001 25% - 50% 52-2317213
Llc Wasserstein Investments General partner 1 Jan 2001 Other 13-4148561
Cdltt Llc Member 1 Jan 2014 25% - 50% 30-0759570
Rajay Prakash Bagaria Owner 1 Feb 2017 75% - 100% 4024931

Based in New York

The principal office where Wasserstein Debt Opportunities Management, LP performs its advisory services is located at 1185 Avenue Of The Americas, New York, NY 10036, which is also the mailing address of the firm. An additional office of the firm is in Garrison, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-702-5602 or by fax 212-702-5625. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at wasserco.com.