The WATERFALL ASSET MANAGEMENT, LLC is a privately held investment adviser that advises $44.04Bn in regulatory assets under management held in 4 SEC fund types across 6 investment strategies. WATERFALL ASSET MANAGEMENT, LLC is a Hybrid A hybrid fund manager is a manager whose total assets under management are spread across multiple investment vehicle types rather than concentrated in one. Fund Manager. Assets increased by 193.51% over the last 5-years.
The Group has been registered with the SEC for 20.07 years and is comprised of 1 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 1251 AVENUE OF THE AMERICAS 50TH FLOOR, NEW YORK, NY. The Group has not been subject to regulatory enforcement actions. They are regulated by 4 US and Non-US bodies.
They have 141 employees comprised of 53 investment and 88 non-investment staff. The total number of Employees decreased by 11.32% over the last 5-years.
Their $44.04Bn in assets advised are owned by 56 private funds, 3 public funds and BDCs and 10 other accounts. Assets of Pooled Investment Vehicles (Not IC or BDC) clients own $26.35Bn or 59.82% of Total Assets and Investment Companies (IC) own $16.66Bn or 37.84% of Total Assets.
The Group's top investment strategies include Commodities, Real Estate and FI/Credit - Distress, representing 47.2%, 42.33% and 7.89% of total assets, respectively.
They advise 3 types of clients, top clients are Pooled Investment Vehicles (Not IC or BDC) and Investment Companies (IC).
The Group uses 3 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 8 Custodians and 5 Marketers. It does not report a third-party Fund Administrator in 1 private funds with $8.33Bn in assets.
The Group discloses management fees and performance-based fees.
WATERFALL ASSET MANAGEMENT, LLC names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 1 fund.
They have a HIGH-WATCH 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 WATERFALL ASSET MANAGEMENT, LLC's case, they have 20 business conditions that require high process maturity and 2 Watch Factors.