The POPULAR SECURITIES is a publicly held investment adviser that advises $5.34Bn in regulatory assets under management held in 1 SEC fund types across 3 investment strategies. POPULAR SECURITIES 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 108.94% over the last 5-years.
The Group has been registered with the SEC for 25.36 years and is comprised of 2 filing and 0 relying advisers. They operate out of 8 office locations with their Headquarters at POPULAR CENTER NORTH BUILDING, 4TH FLR 209 MUNOZ RIVERA AVE., SAN JUAN, PR. The Group has been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 108 employees comprised of 49 investment and 59 non-investment staff. The total number of Employees increased by 1.89% over the last 5-years.
Their $5.34Bn in assets advised are owned by 1 private fund, 4 public funds and BDCs and 945 other accounts. Assets of Corporations or Other Businesses clients own $1.27Bn or 23.83% of Total Assets and Investment Companies (IC) own $868.87mn or 16.28% of Total Assets.
The Group's top investment strategies include FI/Credit - Lending, Multi Strat and FI/Credit - Diverse, representing 62.11%, 21.94% and 15.95% of total assets, respectively.
They advise 7 types of clients, top clients are Corporations or Other Businesses and Investment Companies (IC).
The Group uses 2 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 2 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 1 private funds with $200mn in assets.
The Group discloses fixed fees and management fees.
POPULAR SECURITIES 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 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 POPULAR SECURITIES's case, they have 21 business conditions that require high process maturity and 2 Watch Factors.