The CHESME is a privately held investment adviser that advises $2Bn in regulatory assets under management held in 1 SEC fund types across 1 investment strategies. CHESME is a Public Fund A public fund manager is a manager whose >=75% of total assets under management are in public funds (broadly accessible, exchange-listed investment vehicles available to retail investors with typically low minimums and clear, widely available information) Manager. Assets increased by 36.86% over the last 5-years.
The Group has been registered with the SEC for 11.71 years and is comprised of 1 filing and 0 relying advisers. They operate out of 2 office locations with their Headquarters at 333 BRIDGE STREET NW SUITE 601, GRAND RAPIDS, MI. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 17 employees comprised of 13 investment and 4 non-investment staff. The total number of Employees decreased by 19.05% over the last 5-years.
Their $2Bn in assets advised are owned by 1 private fund, 4 public funds and BDCs and 19 other accounts. Assets of Insurance Companies clients own $838.54mn or 41.94% of Total Assets and Investment Companies (IC) own $493.63mn or 24.69% of Total Assets.
The Group's top investment strategies include FI/Credit - Diverse, representing 100% of total assets, respectively.
They advise 6 types of clients, top clients are Insurance Companies and Investment Companies (IC).
The Group uses 1 Fund Administrators, 1 Fund Auditors, 1 Prime Brokers, 1 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees.
CHESME names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.
They have a MEDIUM risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In CHESME's case, they have 9 business conditions that require high process maturity and 0 Watch Factors.