Firefly Value Partners, LP (New York)

Firefly Value Partners, LP is a large advisory firm based in New York. It manages $952.15 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2012.

Firefly Value Partners 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.

Firefly Value Partners: assets under management

The assets under management (AUM) of Firefly Value Partners, LP is $952.15 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 27% since the beginning of its operation, and $509.09 million of the total AUM is attributable to clients outside of the United States.

The firm manages $952.15 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $238.04 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Firefly Value Partners, LP 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 Firefly Value Partners serves?

The only and largest group of clients of Firefly Value Partners is pooled investment vehicles with 4 clients and $952.15 million of assets under management. Among the 10 most similar advisory firms, Firefly Value Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $952.15 million for 4 clients. 50% of the firm’s clients are foreign persons or businesses.

Firefly Value Partners also advises several private funds. Namely, one hedge fund and one private equity fund. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Firefly Value Partners, LP

The company employs 13 people that are either part- or full-time employees. 69 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
Daniel Adam Jemal	Chief financial officer	1 Jul 2007	Other	5936201
Ryan Thomas Heslop	Limited partner	1 Jul 2007	50% - 75%	5936199
Ariel Warszawski	Limited partner	1 Jul 2007	50% - 75%	4298122
Llc Firefly Management Company Gp	General partner	1 Jul 2007	Other	xxx-xx-xxxx
Evan August Gelacek	Chief compliance officer	1 Apr 2011	Other	5936202
Carly Stuart Pollock	Chief financial officer	1 Jan 2016	Other	6629193

Based in New York

The principal office where Firefly Value Partners, LP performs its advisory services is located at 601 West 26 Th Street, New York, NY 10001, 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 212-672-9600 or by fax 866-615-0285. The normal business hours are 9 am - 5 pm on Monday - Friday.