Auda Hedge, LLC (New York)

Name: Auda Hedge, LLC
Address: 888 7 Th Avenue, 41 St Floor, New York, NY, 10106
Telephone: 212-863-2300

Auda Hedge, LLC is a large advisory firm based in New York. It manages $322.95 million of regulatory assets for 16 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of New York.

Auda Hedge provides portfolio management for individuals and small businesses, portfolio management for pooled investment vehicles, pension consulting services, and market timing services. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Auda Hedge: assets under management

The assets under management (AUM) of Auda Hedge, LLC is $322.95 million. The firm's AUM has gone down by -75% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $165.5 million in discretionary accounts and $157.45 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $11.82 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $78.73 million.

Auda Hedge has custody of $216.9 thousand 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 Auda Hedge, 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.

Careers at Auda Hedge, LLC

Marcel Alain Giacometti has been acting as President since 1 Sep 1998. Buford Scott Reid joined the executive team most recently as the Managing Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Marcel Alain Giacometti	President	1 Sep 1998	Other	1931395
William Franklin Hinson	Chief financial officer	1 Sep 1998	Other	4055924
Auda Advisor Associates Llc	Holding company	1 Sep 1998	75% - 100%	13-3880235
Buford Scott Reid	Managing director	1 Sep 1999	Other	4377378
Dean Mitchel Scheinert	Managing director	1 Mar 2003	Other	1467404
Auda Advisor Associates Llc	Managing member	1 Dec 2004	75% - 100%	13-3880235
Robert James Kirby	Chief financial officer/chief compliance officer	1 Feb 2005	Other	2634273
Marcel Alain Giacometti	Chairman	1 Dec 2007	Other	1931395
Ernest Boles	Chief executive officer	1 Dec 2007	Other	5476831
Auda U.S. Llc	Managing member	1 Dec 2007	75% - 100%	13-3880235
Ernest Paul Boles	Chief executive officer	1 Dec 2007	Other	5476831
Buford Scott Reid	Managing director	1 Aug 2008	Other	4377378
George Carl Chacko	Managing director	1 Aug 2008	Other	4930341

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Harald Quandt Holdings Gmbh	Holding company	1 Apr 1995	75% - 100%	foreign entity
Auda Management Inc	Holding company	1 Apr 1995	75% - 100%	58-1486034
Marcel Alain Giacometti	Owner	1 Jan 2000	75% - 100%	1931395
Marcel Alain Giacometti	Shareholder	1 Jan 2003	Other	1931395
Alina Llc	Shareholder	1 Jan 2003	Other	13-4093585
Auda International Lp	Holding company	1 Dec 2007	75% - 100%	12-3456789

Based in New York

The principal office where Auda Hedge, LLC performs its advisory services is located at 888 7 Th Avenue, 41 St Floor, New York, NY 10106, 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 212-863-2300 or by fax 212-593-2974. The normal business hours are 8.30am-5.30pm on Monday - Friday. You can find more information about the New York firm at www.auda.net.