Ice Canyon LLC (Los Angeles)

Name: Ice Canyon LLC
Address: 2000 Avenue Of The Stars, Los Angeles, CA, 90067
Telephone: 310-272-1700

Ice Canyon LLC is a large advisory firm based in Los Angeles. It manages $795 million of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of California.

Ice Canyon 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.

Ice Canyon: assets under management

The assets under management (AUM) of Ice Canyon LLC is $795 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -6% since the beginning of its operation, and $750 million of the total AUM is attributable to clients outside of the United States.

The firm manages $795 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $72.27 million each.

Ice Canyon has custody of $507 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 78% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 13% of the firm’s portfolio. Investments in investment grade corporate bonds form 7% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ice Canyon LLC 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 Ice Canyon serves?

The firm provides services to pooled investment vehicles and pension and profit sharing plans. The largest group of clients of Ice Canyon is pooled investment vehicles with 10 clients and $750 million of assets under management. Among the 10 most similar advisory firms, Ice Canyon has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $795 million for 11 clients. 91% of the firm’s clients are foreign persons or businesses.

Ice Canyon also advises several private funds. Namely, six hedge funds and three securitized asset funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Ice Canyon LLC

The company employs 99 people that are either part- or full-time employees. 11 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.

The Joshua S. Friedman Family Limited Partnership joined the executive team most recently as the Member.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Range Capital Lp	Member	1 Oct 2006	50% - 75%	26-0427206
Canyon Capital Advisors Llc	Member	1 Oct 2006	50% - 75%	107922
Nathan Bradley Sandler	Chief executive officer	1 Oct 2006	Other	4499552
Joshua Stephan Friedman	Managing partner	1 Oct 2006	Other	1315528
Mitchell Ralph Julis	Managing partner	1 Oct 2006	Other	1223735
John Paul Plaga	Chief financial officer	1 Oct 2006	Other	4406087
Douglas Anthony Anderson	Chief compliance officer	1 Oct 2006	Other	5079532

Indirect Owners

The SEC currently registers 18 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Joshua Stephan Friedman	Trustee	1 May 1998	Other	1315528
Beth Cari Friedman	Trustee	1 May 1998	Other	4381745
The Joshua S. Friedman Family Limited Partnership	Member	1 May 1998	25% - 50%	95-4687862
The Julis Family Limited Partnership	Member	1 May 1998	25% - 50%	95-4687863
Turner Revocable Trust	Member	1 Jan 2001	Other	21-4806175
Joshua S. Friedman Revocable Gp Trust	Gp of the joshua s. friedman family lp	1 Aug 2004	Other	36-7476157
Beth C. Friedman Revocable Gp Trust	Gp of the joshua s. friedman family lp	1 Aug 2004	Other	36-7476158
Joshua S. Friedman Lifetime Trust	Lp of the joshua s. friedman family lp	1 Aug 2004	25% - 50%	36-7469541
Beth C. Friedman Lifetime Trust	Lp of the joshua s. friedman family lp	1 Aug 2004	25% - 50%	36-7469540
Mitchell Ralph Julis	Gp and lp of the julis family lp	1 Apr 2005	25% - 50%	1223735
Linda Joleen Julis	Gp of the julis family lp	1 Apr 2005	Other	4381744
Joshua Stephan Friedman	Trustee	1 Apr 2005	Other	1315528
Family Gst Trust Under Julis Family 2005 Irrevocable Trust	Lp of the julis family lp	1 Aug 2005	25% - 50%	36-7445445
Friedman Family 2005 Gst Trust	Lp of the joshua s. friedman family lp	1 Apr 2006	25% - 50%	36-7452369
1999 Sandler Living Trust Dated August 5	General partner	1 Oct 2006	75% - 100%	20-7505956
The Joshua S. Friedman Family Limited Partnership	Member	1 Jan 2009	25% - 50%	95-4687862
The Julis Family Limited Partnership	Member	1 Jan 2009	25% - 50%	95-4687863
Llc Canyon Partners	Member	1 Jan 2009	75% - 100%	95-4665514

Based in Los Angeles

The principal office where Ice Canyon LLC performs its advisory services is located at 2000 Avenue Of The Stars, Los Angeles, CA 90067, 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 310-272-1700 or by fax 310-272-1701. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at icecanyon.com.