Annaly Credit Opportunities Management LLC (New York)

Annaly Credit Opportunities Management LLC is a large advisory firm based in New York. It manages $857.33 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2018 and has operated in the jurisdiction of New York.

Annaly Credit Opportunities 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.

Annaly Credit Opportunities Management: assets under management

The assets under management (AUM) of Annaly Credit Opportunities Management LLC is $857.33 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $857.33 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $857.33 million each.

Annaly Credit Opportunities Management has custody of $857.33 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Annaly Credit Opportunities Management LLC 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 Timothy Patrick Coffey serves?

The only and largest group of clients of Timothy Patrick Coffey is pooled investment vehicles with 1 clients and $857.33 million of assets under management. Among the 7 most similar advisory firms, Annaly Credit Opportunities Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $857.33 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Annaly Credit Opportunities Management doesn't advise any private funds.

Careers at Annaly Credit Opportunities Management LLC

The company employs 159 people that are either part- or full-time employees. 42 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.

Timothy Patrick Coffey has been acting as President since 1 Sep 2017. Miki Kamijyo joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Annaly Capital Fund Adviser Llc	Managing member	1 Sep 2017	75% - 100%	12-3456789
Anthony Charles Green	Chief legal officer	1 Sep 2017	Other	6128611
Timothy Patrick Coffey	President	1 Sep 2017	Other	5408388
Souren George Ouzounian	Chief financial officer	1 Sep 2017	Other	2794430
Miki Kamijyo	Chief compliance officer	1 Nov 2018	Other	6463283

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Annaly Capital Management	Shareholder	1 Aug 2018	75% - 100%	22-3479661
Inc. Annaly Trs	Member	1 Aug 2018	75% - 100%	82-5030455

Based in New York

The principal office where Annaly Credit Opportunities Management LLC performs its advisory services is located at 1211 Avenue Of The Americas, New York, NY 10036, 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 212-696-0100. The normal business hours are 9am-5pm on Monday - Friday.