Boothbay Fund Management, LLC (New York)

Name: Boothbay Fund Management, LLC
Address: 810 7 Th Ave, New York, NY, 10019 5818
Telephone: 212-332-2676

Boothbay Fund Management, LLC is a large advisory firm based in New York. It manages $955.41 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2014.

Boothbay Fund Management provides portfolio management for pooled investment vehicles and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Boothbay Fund Management: assets under management

The assets under management (AUM) of Boothbay Fund Management, LLC is $955.41 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 96% since the beginning of its operation, and $189.52 million of the total AUM is attributable to clients outside of the United States.

The firm manages $955.41 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $318.47 million each.

Boothbay Fund Management has custody of $189.52 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

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

The only and largest group of clients of Boothbay Fund Management is pooled investment vehicles with 3 clients and $955.41 million of assets under management. Among the 8 most similar advisory firms, Boothbay Fund Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $955.41 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.

Boothbay Fund Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Boothbay Fund Management, LLC

The company employs 11 people that are either part- or full-time employees. 73 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
Ari L. Glass	Managing member of boothbay hybrid gp, llc	1 Oct 2008	75% - 100%	2484759
Ari L. Glass	Managing member of registrant	1 Nov 2011	75% - 100%	2484759
Daniel Lev Bloom	Chief financial officer and chief compliance officer	1 Nov 2011	Other	4394705
Peter Bremberg	Chief operating officer of registrant	1 Apr 2016	Other	4979421

Based in New York

The principal office where Boothbay Fund Management, LLC performs its advisory services is located at 810 7 Th Ave, New York, NY 10019 5818, which is also the mailing address of the firm. An additional office of the firm is in Las Vegas, NV. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-332-2676. The normal business hours are 8:00 am- 6:00 pm on Monday - Friday. You can find more information about the New York firm at bbaymgmt.com.