Platinum Grove Asset Management, L.P. (Purchase)


Platinum Grove Asset Management, L.P. is a large advisory firm based in Purchase. It manages $1.56 billion of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2007.

Platinum Grove Asset 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.

Platinum Grove Asset Management: assets under management

The assets under management (AUM) of Platinum Grove Asset Management, L.P. is $1.56 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -56% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $1.56 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $389.43 million each.
Platinum Grove Asset Management has custody of $1.45 billion in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Platinum Grove Asset Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Platinum Grove Asset Management, L.P.

Myron Samuel Scholes has been acting as President since 1 Oct 1999. Nawa Masayoshi joined the executive team most recently as the Managing Principal.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Myron Samuel Scholes Chairman 1 Oct 1999 Other 2231202
Chi Fu Huang Chief executive officer 1 Oct 1999 Other 5076804
Ayman Mahmoud Hindy Principal 1 Oct 1999 Other 5076810
Lawrence Hungyau Ng Principal 1 Oct 1999 Other 1730091
Tong Sheng Sun Principal 1 Oct 1999 Other 2799630
Michael Ramon Schwenk General counsel 1 Jan 2001 Other 5076821
Steven Yale Goldberg Principal 1 Mar 2003 Other 2059438
Peter Johnson Bouyoucos Principal 1 Mar 2003 Other 1388189
Lars Tyge Nielsen Risk control officer 1 Feb 2004 Other 3086940
Michael Ramon Schwenk Chief compliance officer 1 Dec 2005 Other 5076821
L.P. Platinum Grove Partners General partner 1 Jul 2006 75% - 100% 75-2842547
Dawn Marie Rinaldi Chief financial officer 1 Feb 2007 Other 2156228
Nawa Masayosh Principal 1 Mar 2009 Other 5649262
Chi Fu Huang Chairman 1 Jan 2010 Other 5076804
Nawa Masayoshi Managing principal 1 Jan 2010 Other 5649262
L.P. Platinum Grove Holdings Limited partner 1 Jan 2010 75% - 100% 75-2842547
Bjorn Elie Tuypens Managing principal 1 Jan 2010 Other 5746383
Masayoshi Nawa Managing principal 1 Jan 2010 Other 5649262

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.L.C. Pgam General partner 1 Jul 2006 Other 20-5110641
Myron Samuel Scholes Managing member 1 Jul 2006 Other 2231202
Chi Fu Huang Managing member 1 Jul 2006 Other 5076804
L.L.C. Pgam General partner 1 Jan 2010 Other 20-5110641
Myron Samuel Scholes Limited partner 1 Dec 2012 25% - 50% 2231202

Based in Purchase

The principal office where Platinum Grove Asset Management, L.P. performs its advisory services is located at 287 Bowman Avenue, Purchase, NY 10577, 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 914-690-2100 or by fax 914-690-2118. The normal business hours are 8 am - 6 pm on Monday - Friday. You can find more information about the New York firm at www.pgamlp.com.