Logen Asset Management LP (New York)

Name: Logen Asset Management LP
Address: 410 Park Avenue, New York, NY, 10022
Telephone: (212) 468-5320

Logen Asset Management LP is a large advisory firm based in New York. It manages $342.7 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2015.

Logen Asset Management 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.

Logen Asset Management: assets under management

The assets under management (AUM) of Logen Asset Management LP is $342.7 million. The firm's AUM has grown by 3% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $266.47 million in discretionary accounts and $76.23 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $133.23 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $76.23 million.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 28% of the total AUM. The second-largest asset type is non-exchange traded securities, which make up 23% of the firm’s portfolio. Investments in exchange traded securities form 20% of the total invested assets.

Fees & Commissions

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

The only and largest group of clients of Logen Asset Management is pooled investment vehicles with 4 clients and $18.95 million of assets under management. Among the 8 most similar advisory firms, Logen Asset Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $18.95 million for 4 clients. 60% of the firm’s clients are foreign persons or businesses.

Logen Asset Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Logen Asset Management LP

The company employs 9 people that are either part- or full-time employees. 56 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
Logen Asset Management Gp Llc	General partner	1 Jan 2015	Other	47-3254489
Steven Kenneth Gendal	Portfolio manager / limited partner	1 Jan 2015	25% - 50%	5122208
Nitin (Nmn) Sapru	Cfo/coo/cco	1 Mar 2015	Other	4609491
Norman Mun Kwong Louie	Chief investment officer / limited partner	1 Apr 2015	50% - 75%	2620802
Michael James Linahan	Cfo/coo/cco	1 May 2016	Other	2245234

Based in New York

The principal office where Logen Asset Management LP performs its advisory services is located at 410 Park Avenue, New York, NY 10022, 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) 468-5320. The normal business hours are 8 am - 6pm on Monday - Friday. You can find more information about the New York firm at logenam.com.