Net Return Asset Management LLC (New York)

Net Return Asset Management LLC is a large advisory firm based in New York. It manages $542.17 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012.

Net Return Asset 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.

Net Return Asset Management: assets under management

The assets under management (AUM) of Net Return Asset Management LLC is $542.17 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 153% since the beginning of its operation, and $364.03 million of the total AUM is attributable to clients outside of the United States.

The firm manages $542.17 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $180.72 million each.

Net Return Asset Management has custody of $542.17 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 Net Return Asset Management 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 Net Return Asset Management serves?

The only and largest group of clients of Net Return Asset Management is pooled investment vehicles with 3 clients and $542.17 million of assets under management. Among the 10 most similar advisory firms, Net Return Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $542.17 million for 3 clients. 66% of the firm’s clients are foreign persons or businesses.

Net Return Asset Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Net Return Asset Management LLC

The company employs 4 people that are either part- or full-time employees. 50 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
Neil Steven Crespi	Managing member	1 Jan 2006	50% - 75%	857348
Steven Robert Yanis	Managing member, chief compliance officer	1 Jan 2006	50% - 75%	1430136
Debra Marie Wisdom	Chief compliance officer	1 Nov 2011	Other	5272757
Robyn Kuan Van Chan	Chief compliance officer	1 Jun 2015	Other	5116726

Based in New York

The principal office where Net Return Asset Management LLC performs its advisory services is located at 767 Third Avenue, New York, NY 10017, 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 212-813-9229 or by fax 212-813-9226. The normal business hours are 9-5 on Monday - Friday.