The DUET GROUP is a privately held investment adviser that advises $3.19Bn in regulatory assets under management held in 2 SEC fund types across 3 investment strategies. DUET GROUP is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 120.85% over the last 5-years.
The Group has been registered with the SEC for 19.73 years and is comprised of 1 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at AL FATTAN CURRENCY HOUSE, 903, LEVEL 9, DIFC, DUBAI, -. The Group has been subject to regulatory enforcement actions. They are regulated by 7 US and Non-US bodies.
They have 27 employees comprised of 12 investment and 15 non-investment staff. The total number of Employees remained the same over the last few years.
Their $3.19Bn in assets advised are owned by 6 private funds, 2 public funds and BDCs and 7 other accounts. Assets of Government Entities and Pension Plans clients own $1.32Bn or 41.48% of Total Assets and Pooled Investment Vehicles (Not IC or BDC) own $919.41mn or 28.85% of Total Assets.
The Group's top investment strategies include Emerging Markets, Traditional LBO and Long/Short Equity, representing 50.83%, 40.19% and 8.97% of total assets, respectively.
They advise 3 types of clients, top clients are Government Entities and Pension Plans and Pooled Investment Vehicles (Not IC or BDC).
The Group uses 3 Fund Administrators, 3 Fund Auditors, 2 Prime Brokers, 3 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees and performance-based fees.
DUET GROUP 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 DUET GROUP's case, they have 16 business conditions that require high process maturity and 2 Watch Factors.