Hfr Asset Management, L.L.C (Chicago)

Name: Hfr Asset Management, L.L.C
Address: 10 South Riverside Plaza, Chicago, IL, 60606
Telephone: 312-327-0430

Hfr Asset Management, L.L.C is a large advisory firm based in Chicago. It manages $4.19 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Illinois.

Hfr Asset Management, L.L.C provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, selection of other advisers, and management of fund-of-funds structures. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Hfr Asset Management, L.L.C: assets under management

The assets under management (AUM) of Hfr Asset Management, L.L.C is $4.19 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 667% since the beginning of its operation, and $4.19 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $4.19 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $190.36 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Hfr Asset Management, L.L.C 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 John M. Klimek serves?

The only and largest group of clients of John M. Klimek is pooled investment vehicles with 22 clients and $4.19 billion of assets under management. Among the 13 most similar advisory firms, Hfr Asset Management, L.L.C has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $4.19 billion for 22 clients. 100% of the firm’s clients are foreign persons or businesses.

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

Careers at Hfr Asset Management, L.L.C

The company employs 2 people that are either part- or full-time employees. 100 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.

John M. Klimek has been acting as President since 1 Jan 2015. Michael Arenibar joined the executive team most recently as the President And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Joseph George Nicholas	Ceo and manager of hfr group, l.l.c.	1 Oct 1999	75% - 100%	2141044
Dora Hines	Coo	1 Nov 1999	Other	2141018
L.L.C. Hfr Group	Managing member	1 Jan 2001	75% - 100%	36-4403755
Cms/Mullin Hedge Fund Strategies	Member	1 Jan 2001	Other	xxx-xx-xxxx
Gary Alan Anetsberger	Cfo	1 Jan 2002	Other	1695689
Jordan B. Allen	President	1 Jan 2003	Other	4650827
Hanna Woo	Associate general counsel & chief compliance officer	1 Aug 2004	Other	4863347
John M. Klimek	General counsel	1 Aug 2004	Other	4863375
Karim Rehmat	Chief financial officer	1 Jan 2005	Other	4940456
Koula A. Berlin	Director of finance	1 May 2006	Other	5270498
Stratigoula A. Berlin	Managing director	1 May 2006	Other	5270498
Timothy R. Elliott	Chief compliance officer	1 Aug 2006	Other	5200677
John M. Klimek	President	1 Jan 2015	Other	4863375
Michael Arenibar	Chief compliance officer	1 Jan 2015	Other	4772378
Joseph George Nicholas	Chief executive officer	1 Jun 2017	Other	2141044
Michael Arenibar	President and chief compliance officer	1 Jun 2019	Other	4772378

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joseph George Nicholas	Member	1 Jan 2001	75% - 100%	2141044
Cms Pep Xiv Co Investment Subpartnership	General partner	1 Jan 2001	Other	xxx-xx-xxxx
Llc Mc Insurance Agency Services	General partner	1 Jan 2001	Other	xxx-xx-xxxx
Cms/Mullin/Hedge Fund Strategies	General partnership	1 Jan 2001	Other	xxx-xx-xxxx

Based in Chicago

The principal office where Hfr Asset Management, L.L.C performs its advisory services is located at 10 South Riverside Plaza, Chicago, IL 60606, 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 312-327-0430 or by fax 312-327-0435. The normal business hours are 8:30a-5:30p on Monday - Friday. You can find more information about the New York firm at hfr.com.