Wolverine Asset Management, LLC (Chicago)

Name: Wolverine Asset Management, LLC
Address: 175 West Jackson Blvd., Chicago, IL, 60604
Telephone: 312-884-4400

Wolverine Asset Management, LLC is a large advisory firm based in Chicago. It manages $6.26 billion of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Illinois.

Wolverine Asset Management provides portfolio management for investment companies and 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.

Wolverine Asset Management: assets under management

The assets under management (AUM) of Wolverine Asset Management, LLC is $6.26 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4765% since the beginning of its operation, and $6.2 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.26 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $894.07 million each.

Wolverine Asset Management has custody of $6.26 billion in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Wolverine 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 Wolverine Asset Management serves?

The firm provides services to investment companies and pooled investment vehicles. The largest group of clients of Wolverine Asset Management is pooled investment vehicles with 6 clients and $6.2 billion of assets under management. Among the 10 most similar advisory firms, Wolverine Asset Management has the 4th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6.26 billion for 7 clients. 67% of the firm’s clients are foreign persons or businesses.

Wolverine Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $2,000,000 for each fund.

Careers at Wolverine Asset Management, LLC

The company employs 45 people that are either part- or full-time employees. 60 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.

Christopher Lazarus Gust has served as the Chief Investment Officer since 1 Nov 2001. Niraj Mahendra Patel joined the executive team most recently as the Chief Legal Officer And Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Christopher Lazarus Gust	Chief investment officer/chief executive officer	1 Nov 2001	Other	2311366
Judith Marie Kula	Chief financial officer	1 Nov 2001	Other	1255502
Andrew Richard Sujdak	Chief research & technology officer	1 Nov 2001	Other	3267454
Robert Ross Bellick	Managing director	1 Nov 2001	25% - 50%	1715715
James Vincent Harkness	Ceo/coo	1 Nov 2001	Other	1503053
Eric Jonathan Henschel	Managing director	1 Nov 2001	Other	3237017
Andrew R Sujdak	Managing director	1 Nov 2001	Other	3267454
Matthew David Abraham	Chief compliance officer	1 Jan 2003	Other	1426628
James A Michuda	Managing director	1 Apr 2003	Other	4535059
Joseph F Sacchetti	Managing director	1 Apr 2003	Other	4652406
Megan Ann Flaherty	Chief compliance officer/chief legal officer	1 Aug 2006	Other	5212663
Kenneth Lyn Nadel	Chief operating officer	1 Feb 2008	Other	2600983
Kenneth Lyn Nadel	Chief operating officer	1 May 2009	Other	2600983
L.P. Wolverine Holdings	Managing member	1 Jan 2012	75% - 100%	36-3957309
Michael David Adamski	Chief legal officer and chief compliance officer	1 Apr 2013	Other	5860170
Niraj Mahendra Patel	Chief legal officer and chief compliance officer	1 Feb 2016	Other	2798041

Indirect Owners

The SEC currently registers 8 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Ross Bellick	Limited partner	1 Jun 1994	25% - 50%	1715715
Christopher Lazarus Gust	Limited partner	1 Jun 1994	25% - 50%	2311366
Inc. Wolverine Trading Partners	General partner	1 Jun 1994	Other	36-3957899
Robert Ross Bellick	Limited partner	1 Jul 1994	25% - 50%	1715715
Eric Jonathan Henschel	Limited partner	1 Jan 2001	Other	3237017
Inc. Wolverine Trading Partners	General partner	1 Sep 2002	Other	36-3957899
Christopher Lazarus Gust	Limited partner	1 Jul 2004	25% - 50%	2311366
Eric Jonathan Henschel	Limited partner	1 Jan 2005	Other	3237017

Based in Chicago

The principal office where Wolverine Asset Management, LLC performs its advisory services is located at 175 West Jackson Blvd., Chicago, IL 60604, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 312-884-4400 or by fax 312-884-4401. The normal business hours are 7:30am to 4:30pm on Monday - Friday. You can find more information about the New York firm at wolverinehedgefunds.com.