Riva Ridge Capital Management LP (New York)

Name: Riva Ridge Capital Management LP
Address: 55 Fifth Avenue, New York, NY, 10003
Telephone: 646-284-9904

Riva Ridge Capital Management LP is a large advisory firm based in New York. It manages $519.77 million of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2005.

Riva Ridge Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Riva Ridge Capital Management: assets under management

The assets under management (AUM) of Riva Ridge Capital Management LP is $519.77 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 55% since the beginning of its operation, and $453.61 million of the total AUM is attributable to clients outside of the United States.

The firm manages $519.77 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $57.75 million each.

Riva Ridge Capital Management has custody of $359.82 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Riva Ridge Capital Management LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Riva Ridge Capital Management serves?

The only and largest group of clients of Riva Ridge Capital Management is pooled investment vehicles with 9 clients and $519.77 million of assets under management. Among the 10 most similar advisory firms, Riva Ridge Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $519.77 million for 9 clients. 67% of the firm’s clients are foreign persons or businesses.

Riva Ridge Capital Management also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Riva Ridge Capital Management LP

The company employs 8 people that are either part- or full-time employees. 63 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 compensates 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
Stephen Harris Golden	Limited partner	1 Feb 2003	50% - 75%	2513316
James (Nmn) Shim	Limited partner	1 Feb 2003	25% - 50%	2338791
James Shim	Limited partner	1 Feb 2003	25% - 50%	2338791
Riva Ridge Gp Llc	General partner	1 Apr 2003	Other	61-1446144
Dennis Evan Parks	Cfo, cco	1 Jun 2003	Other	2805070

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Stephen Harris Golden	Managing member	1 Apr 2003	50% - 75%	2513316
James (Nmn) Shim	Managing member	1 Apr 2003	25% - 50%	2338791
James Shim	Managing member	1 Apr 2003	50% - 75%	2338791

Based in New York

The principal office where Riva Ridge Capital Management LP performs its advisory services is located at 55 Fifth Avenue, New York, NY 10003, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-284-9904 or by fax 646-284-9919. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at rivaridgecapital.com.