The BIMINI ADVISORS, LLC is a publicly held investment adviser that advises $24.28Bn in regulatory assets under management held in 0 SEC fund types across 1 investment strategies. BIMINI ADVISORS, 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 525.42% over the last 5-years.
The Group has been registered with the SEC for 13.53 years and is comprised of 1 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 3305 FLAMINGO DRIVE, VERO BEACH, FL. The Group has not been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 10 employees comprised of 7 investment and 3 non-investment staff. The total number of Employees increased by 42.86% over the last 5-years.
Their $24.28Bn in assets advised are owned by 1 private fund, 2 public funds and BDCs and 0 other accounts. Assets of Investment Companies (IC) clients own $18.56Bn or 76.43% of Total Assets and Pooled Investment Vehicles (Not IC or BDC) own $5.72Bn or 23.57% of Total Assets.
The Group's top investment strategies include Real Estate, representing 100% of total assets, respectively.
They advise 2 types of clients, top clients are Investment Companies (IC) and Pooled Investment Vehicles (Not IC or BDC).
The Group uses 0 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 0 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 2 private funds with $9.28Bn in assets.
The Group does not disclose any type of fee.
BIMINI ADVISORS, LLC 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-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 BIMINI ADVISORS, LLC's case, they have 5 business conditions that require high process maturity and 1 Watch Factors.