Latigo Partners, L.P. (New York)

Name: Latigo Partners, L.P.
Address: 450 Park Avenue, New York, NY, 10022
Telephone: 212-754-1610

Latigo Partners, L.P. is a large advisory firm based in New York. It manages $527.7 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2005.

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

Latigo Partners: assets under management

The assets under management (AUM) of Latigo Partners, L.P. is $527.7 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 219% since the beginning of its operation, and $507.4 million of the total AUM is attributable to clients outside of the United States.

The firm manages $527.7 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $47.97 million each.

Latigo Partners has custody of $58.04 million in cash and securities for 8 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 48% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 41% of the firm’s portfolio. Investments in exchange traded securities form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Latigo Partners, L.P. for their services and products based on a percentage of assets under management 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 Latigo Partners serves?

The only and largest group of clients of Latigo Partners is pooled investment vehicles with 9 clients and $175.8 million of assets under management. Among the 9 most similar advisory firms, Latigo Partners has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $175.8 million for 9 clients. 91% of the firm’s clients are foreign persons or businesses.

Latigo Partners also advises several private funds. Namely, two hedge funds and one private equity fund. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Latigo Partners, L.P.

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 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
David Howard Sabath	Principal, limited partner	1 May 2005	25% - 50%	2761200
David H Ford	Principal, limited partner	1 May 2005	25% - 50%	2327506
Latigo Partners Gp Llc	General partner	1 May 2005	Other	87-0753492
David Alan Kovner	Principal	1 May 2005	Other	2931213
Stephen James Blauner	Principal;chief compliance officer; chief legal officer; chief operations officer	1 May 2005	Other	5071137
Joseph Daniel Mause	Chief financial officer	1 Aug 2005	Other	2778977
Paul David Malek	Chief legal officer; chief compliance officer	1 Feb 2006	Other	5095455
Karin Eileen Haag	Chief administrative officer & chief compliance officer	1 Mar 2009	Other	5656588
Heather Lee Campbell	Chief financial officer	1 Oct 2010	Other	5906439
Benjamin Michael Cohn	Limited partner	1 Jan 2012	Other	4573378
Scott Mccabe	Limited partner	1 Jan 2012	Other	6172312
Heather Lee Campbell	Chief compliance officer	1 Mar 2012	Other	5906439

Based in New York

The principal office where Latigo Partners, L.P. performs its advisory services is located at 450 Park Avenue, New York, NY 10022, 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 212-754-1610 or by fax 212-826-5280. The normal business hours are 8:00 am -- 6:00 pm on Monday - Friday. You can find more information about the New York firm at latigopartners.com/.