Secor Investment Management, LP (New York)

Name: Secor Investment Management, LP
Address: One Penn Plaza, New York, NY, 10119
Telephone: 212-980-7350

Secor Investment Management, LP is a large advisory firm based in New York. It manages $983.96 million of regulatory assets for 17 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of California and New York.

Secor Investment Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Secor Investment Management: assets under management

The assets under management (AUM) of Secor Investment Management, LP is $983.96 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -54% since the beginning of its operation, and $983.96 million of the total AUM is attributable to clients outside of the United States.

The firm manages $983.96 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $57.88 million each.

Secor Investment Management has custody of $484 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 65% of the total AUM. The second-largest asset type is derivatives, which make up 24% of the firm’s portfolio. Investments in sovereign bonds form 11% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Secor Investment Management, LP for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Secor Investment Management serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Secor Investment Management is pension and profit sharing plans with 13 clients and $499.97 million of assets under management. Among the 6 most similar advisory firms, Secor Investment Management has the highest percentage of pension and profit sharing plans out of all clients.

The amount of regulatory assets under management is $983.96 million for 17 clients. 78% of the firm’s clients are foreign persons or businesses.

Secor Investment Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Secor Investment Management, LP

The company employs 38 people that are either part- or full-time employees. 45 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Raymond Joseph Iwanowski	Co-chief executive officer/co-chief investment officer	1 Aug 2010	Other	1939905
Tony Duen Li Kao	Co-chief executive officer/co-chief investment officer	1 Aug 2010	Other	5705474
Lp Secor Asset Management	Limited partner	1 Aug 2010	75% - 100%	27-3459612
William Jacoby	Chief financial officer	1 Apr 2011	Other	1933231
Michael David Saarinen	General counsel and chief compliance officer	1 May 2011	Other	5936310
Llc Secor Partners Iii	General partner	1 Jun 2011	Other	45-2654309
Robert John Aurigema	Chief operating officer	1 Feb 2012	Other	2162627
Jacquelyn Rebekka Bonner	General counsel/chief compliance officer	1 Jun 2012	Other	5065241
Sanjay Kumar Malhotra	Chief compliance officer/chief financial officer	1 Oct 2013	Other	6275432
Pattie Leigh Hand	Chief compliance officer	1 Nov 2015	Other	5181558
Pattie Leigh Hand	Chief compliance officer	1 Dec 2015	Other	5181558
Saide Pinar Ilgar	Chief financial officer	1 Sep 2016	Other	5827751

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Llc Secor Partners	General partner	1 Aug 2010	Other	27-3459612

Based in New York

The principal office where Secor Investment Management, LP performs its advisory services is located at One Penn Plaza, New York, NY 10119, which is also the mailing address of the firm. An additional office of the firm is in Palo Alto, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-980-7350 or by fax 888-783-2364. The normal business hours are 8am-5pm on Monday - Friday. You can find more information about the New York firm at secor-am.com/.