Gems Management Limited (Nassau)

Name: Gems Management Limited
Address: Harbour Bay Shopping Plaza, Nassau
Telephone: 242-326-1904

Gems Management Limited is a mid-sized advisory firm based in Nassau. It manages $86.5 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2004.

Gems Management Limited provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, and fund of funds. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Gems Management Limited: assets under management

The assets under management (AUM) of Gems Management Limited is $86.5 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -86% since the beginning of its operation, and $86.5 million of the total AUM is attributable to clients outside of the United States.

The firm manages $86.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $28.83 million each.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 35% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Gems Management Limited 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.

What kind of clients Cedric Carroll serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Cedric Carroll is pooled investment vehicles with 2 clients and $56 million of assets under management. Among the 3 most similar advisory firms, Gems Management Limited has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $86.5 million for 3 clients. 100% of the firm’s clients are foreign persons or businesses.

Gems Management Limited doesn't advise any private funds.

Careers at Gems Management Limited

The company employs 10 people that are either part- or full-time employees. 50 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.

Cedric Carroll has been acting as President since 1 Jul 1994. Indira Arshia Ferguson joined the executive team most recently as the Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cedric Carroll	Director	1 Jul 1994	Other	4856859
Cedric Carroll	Managing director	1 Feb 1998	Other	4856859
Livingston B Johnson	Director	1 Jan 1999	Other	4856861
Jean Pierre Lepidi	President	1 Jan 1999	Other	4857217
Osher & Osher (Int.) Ltd.	Shareholder	1 Apr 1999	25% - 50%	foreign
Kay Industries Ltd.	Shareholder	1 Apr 2000	75% - 100%	foreign
Laurent Elkrief	Director	1 Sep 2004	Other	4856863
Cedric Carroll	Chief compliance officer	1 Oct 2004	Other	4856859
David Raul Goldfarb	Director	1 May 2005	Other	1400678
Barry Hugh Colvin	Director	1 May 2007	Other	1778739
Mario Blejer	Director	1 Feb 2008	Other	5503811
Sheldon Benjamin Cartwright	Chief compliance officer	1 Dec 2008	Other	5647740
Sheldon Benjamin Cartwright	Chief financial officer	1 Jan 2009	Other	5647740
Jesper Steiness	Director	1 Jul 2010	Other	5823037
Alan John Ridgway	Director	1 May 2012	Other	6076272
Rochelle Patricia Cleare	Chief compliance officer	1 Mar 2013	Other	6176276
Community Bridge Corporation	Shareholder	1 Oct 2013	75% - 100%	foreign
Laurent Elkrief	Director	1 Jan 2014	Other	4856863
Wendy Cecile Warren	Chief compliance officer	1 Sep 2014	Other	6448895
Indira Arshia Ferguson	Compliance officer	1 Feb 2018	Other	6938826

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Miguel Gerardo Abadi	Shareholder	1 Apr 1999	75% - 100%	4737046
The Gowland Trust	Shareholder (trust)	1 Apr 2001	75% - 100%	foreign
Hsbc Trust Company (Bvi) Ltd.	Shareholder (trustee)	1 Apr 2001	75% - 100%	foreign
Ilan Family Trust	Shareholder (trust)	1 Jan 2005	25% - 50%	foreign
Kay Industries Ltd.	Shareholder	1 Oct 2013	75% - 100%	foreign
The Atid Family Trust	Shareholder (trust)	1 Dec 2015	25% - 50%	foreign

Based in Nassau

The principal office where Gems Management Limited performs its advisory services is located at Harbour Bay Shopping Plaza, Nassau, The mailing address of the firm is Harbour Bay Shopping Plaza, Nassau, . The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 242-326-1904. The normal business hours are 9 - 5 on Monday - Friday. You can find more information about the New York firm at olympiagroup.com.