Weiss Multi Strategy Advisers LLC is a large advisory firm based in New York. It manages $5.79 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdictions of California, Connecticut, Florida, and 4 other states.
Weiss Multi Strategy Advisers provides 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.
The assets under management (AUM) of Weiss Multi Strategy Advisers LLC is $5.79 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 3283% since the beginning of its operation, and $1.27 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Weiss Multi Strategy Advisers LLC 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.
The firm provides services to investment companies, charitable organizations, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Weiss Multi Strategy Advisers is pooled investment vehicles with 5 clients and $3.64 billion of assets under management. Among the 5 most similar advisory firms, Weiss Multi Strategy Advisers has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $5.79 billion for 12 clients. 25% of the firm’s clients are foreign persons or businesses.
Weiss Multi Strategy Advisers also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.
The company employs 118 people that are either part- or full-time employees. 51 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person 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.
The principal office where Weiss Multi Strategy Advisers LLC performs its advisory services is located at 320 Park Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Summit, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212-415-4500 or by fax 212-935-0985. The normal business hours are 9 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at gweiss.com.