Sabby Management, LLC (Upper Saddle River)

Sabby Management, LLC is a large advisory firm based in Upper Saddle River. It manages $222.01 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2013.

Sabby 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.

Sabby Management: assets under management

The assets under management (AUM) of Sabby Management, LLC is $222.01 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -75% since the beginning of its operation, and $156.22 million of the total AUM is attributable to clients outside of the United States.

The firm manages $222.01 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $111 million each.

Fees & Commissions

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

The only and largest group of clients of Sabby Management is pooled investment vehicles with 2 clients and $222.01 million of assets under management. Among the 7 most similar advisory firms, Sabby Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $222.01 million for 2 clients. 71% of the firm’s clients are foreign persons or businesses.

Sabby Management 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 $300,000 to $500,000.

Careers at Sabby Management, LLC

The company employs 5 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Hal David Mintz	Principal and managing member of sabby management, llc and sabby capital, llc	1 Jun 2011	75% - 100%	2640462
Robert Alan Grundstein	Principal, member, chief operating officer and general counsel of sabby management, llc and sabby capital, llc	1 Jun 2011	Other	3222404
Robert Alan Grundstein	Chief compliance officer of sabby management, llc and sabby capital, llc	1 Jun 2013	Other	3222404

Based in Upper Saddle River

The principal office where Sabby Management, LLC performs its advisory services is located at 10 Mountainview Road Suite 205, Upper Saddle River, NJ 07458, which is also the mailing address of the firm. An additional office of the firm is in Miami Beach, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646 307 4500. The normal business hours are 8:30 - 5:30 on Monday - Friday.