Elm Ridge Management, LLC (Irvington)

Elm Ridge Management, LLC is a large advisory firm based in Irvington. It manages $300.21 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012.

Elm Ridge Management provides 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.

Elm Ridge Management: assets under management

The assets under management (AUM) of Elm Ridge Management, LLC is $300.21 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -82% since the beginning of its operation, and $159.23 million of the total AUM is attributable to clients outside of the United States.

The firm manages $300.21 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $100.07 million each.

Elm Ridge Management has custody of $300.21 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Elm Ridge Management, LLC 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 Elm Ridge Management serves?

The only and largest group of clients of Elm Ridge Management is pooled investment vehicles with 4 clients and $199.17 million of assets under management. Among the 8 most similar advisory firms, Elm Ridge Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $199.17 million for 4 clients. 53% of the firm’s clients are foreign persons or businesses.

Elm Ridge Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Elm Ridge Management, LLC

The company employs 9 people that are either part- or full-time employees. 56 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ronald Eric Gutfleish	Managing member	1 Jun 2006	75% - 100%	1668981
Stephen L. Cohen	Chief operating officer and chief compliance officer	1 Nov 2006	Other	4972865
Jeffery B Holl	Cco	1 Sep 2012	Other	6128718
Michael Louis Deaddio	Chief operating officer	1 Jan 2013	Other	4467158
Andrew Jules Turchin	Chief compliance officer	1 Feb 2013	Other	1755014
Daniel J Siracuse	Chief financial officer	1 Dec 2013	Other	5752088
Kevin Martin Heerdt	Chief operating officer, chief compliance officer	1 May 2014	Other	2006857
Stephen John Larosa	Chief financial officer	1 Jul 2014	Other	1862830
Jeffery B Holl	Chief operating officer, chief compliance officer	1 Sep 2015	Other	6128718
Samuel Tedawes	Chief compliance officer	1 Nov 2015	Other	6285052
Christopher Thomas Conneely	Chief compliance officer	1 Jul 2016	Other	5075736
Sheetal Arun Acharekar	Chief compliance officer	1 Jul 2019	Other	4590981

Based in Irvington

The principal office where Elm Ridge Management, LLC performs its advisory services is located at 3 West Main Street, Irvington, NY 10533 0001, 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 914-250-1000 or by fax 914-250-1005. The normal business hours are 8 a.m.-6 p.m. on Monday - Friday.