Octagon Credit Investors, LLC (New York)


Octagon Credit Investors, LLC is a large advisory firm based in New York. It manages $22.22 billion of regulatory assets for 70 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New York.

Octagon Credit Investors provides portfolio management for investment companies, 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.

Octagon Credit Investors: assets under management

The assets under management (AUM) of Octagon Credit Investors, LLC is $22.22 billion. The firm's AUM has grown by 495% since the beginning of its operation, and $20.78 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $22.18 billion in discretionary accounts and $40.3 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $326.2 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $20.15 million.
Octagon Credit Investors has custody of $1.43 billion in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 81% of the total AUM. The second-largest asset type is pooled investment vehicles, which make up 15% of the firm’s portfolio. Investments in cash and cash equivalents form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Octagon Credit Investors, 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 James Peter Ferguson serves?

The firm provides services to insurance companies, investment companies, and pooled investment vehicles. The largest group of clients of James Peter Ferguson is pooled investment vehicles with 41 clients and $19.18 billion of assets under management. Among the 11 most similar advisory firms, Octagon Credit Investors has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $20.15 billion for 65 clients. 61% of the firm’s clients are foreign persons or businesses.

Octagon Credit Investors also advises several private funds. Namely, two hedge funds, seven other private funds, one private equity fund, and twenty seven securitized asset funds. The minimum investment commitment required of non-related persons ranges from $14,400 to $5,000,000.

Careers at Octagon Credit Investors, LLC

The company employs 67 people that are either part- or full-time employees. 43 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 5 people 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.

James Peter Ferguson has been acting as President since 1 Dec 1998. Sungho Matthew Lee joined the executive team most recently as the Head Of Research, Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James Peter Ferguson Chairman/board member 1 Dec 1998 Other 2359369
Michael Bennett Nechamkin Sr portfolio manager, board member 1 Dec 2003 Other 2112762
Thomas Anthony Connors Cfo, cao, member 1 May 2004 Other 5851904
Mvc Capital Inc. Member 1 May 2004 Other 94-334-6760
Andrew David Gordon President, board member (also currently ceo and cio); board member of octagon credit opportunities, llc (relying adviser) 1 Jul 2008 Other 2351269
Llc Ccmp Capital Member 1 Jul 2008 50% - 75% 83-042-9992
Marc Adam Unger Board member 1 Jul 2008 Other 2570990
Stephen Patrick Murray Board member 1 Jul 2008 Other 5117501
George Duarte Managing director - business development, member 1 Jan 2009 Other 5851915
Donald C. Young Portfolio manager, member 1 Feb 2009 Other 5851913
Kevin Gerard Obrien Board member 1 Feb 2010 Other 2524810
Lauren Michelle Basmadjian Portfolio manager, member 1 Dec 2010 Other 5852300
John Andrew Dudzik Managing director - business & product development, member 1 Apr 2011 Other 1022773
Ilana Ruth Marcus Chief compliance officer 1 Jul 2011 Other 1743010
Llc Ccmp Capital Member, common interests of octagon credit opportunities, llc (relying adviser) 1 Oct 2012 50% - 75% 83-042-9992
Llc Octagon Credit Investors Member, common interests of octagon credit opportunities, llc (relying adviser) 1 Oct 2012 50% - 75% 155336
Todd Wayne Arden Board member, ceo, cio of octagon credit opportunities, llc (relying adviser) 1 Oct 2012 Other 2698692
Richard Frank Zannino Board member of octagon credit opportunities, llc (relying adviser) 1 Oct 2012 Other 5695247
Gretchen Mae Mohr Portfolio manager, member 1 Sep 2013 Other 5852294
Llc Ccmp Capital Member, class a interests of octagon credit opportunities, llc (relying adviser) 1 Jan 2014 75% - 100% 83-042-9992
Margaret Anne Julian Chief compliance officer 1 Jan 2015 Other 4972432
Richard Frank Zannino Chairman / board member & board member of octagon credit opportunities, llc (relying adviser) 1 Feb 2015 Other 5695247
Llc Ccmp Capital Octagon Holdings Member 1 Apr 2015 50% - 75% 47-3702712
Timothy John Walsh Board member 1 Jun 2015 Other 5117518
Richard Louis Sega Board member 1 Feb 2016 Other 2241037
Conning & Company Member 1 Feb 2016 75% - 100% 06-1174588
Linwood Earle Bradford Chairman / board member 1 Feb 2016 Other 4179446
Jung Won Lee Board member 1 Feb 2016 Other 2791334
Geoffrey C Dorment General counsel 1 May 2017 Other 5729924
Sungho Matthew Lee Head of research, member 1 Jan 2018 Other 6931442
Lauren Kristen Law Portfolio manager, member 1 Jan 2018 Other 6931449

Indirect Owners

The SEC currently registers 17 indirect owners.

Name Entity Date acquired Ownership Employer ID
Christopher Charles Behrens Member 1 Jan 2006 Other 5117503
Jonathan Robert Lynch Member 1 Jan 2006 Other 1871338
Timothy John Walsh Member 1 Jan 2006 Other 5117518
Stephen Patrick Murray Managing member 1 Jan 2006 Other 5117501
Thomas Harry Walker Member 1 Jan 2006 Other 1702629
Stephen Frank Welton Member 1 Jan 2006 Other 5154718
Gregory Dean Brenneman Member 1 Oct 2008 Other 5600709
Kevin Gerard Obrien Member 1 Jan 2010 Other 2524810
Estate Of Stephen P. Murray Member 1 Apr 2015 Other 47-6958865
Joseph Michael Scharfenberger Member 1 May 2015 Other 3131796
Richard Frank Zannino Member 1 May 2015 Other 5695247
Douglas Jon Cahill Member 1 May 2015 Other 6486281
Conning Holdings Corp Shareholder 1 Feb 2016 75% - 100% 27-0945244
Inc. Conning U.S. Holdings Shareholder 1 Feb 2016 75% - 100% 47-4844493
Conning Holdings Limited Shareholder 1 Feb 2016 75% - 100% 98-1259764
Ltd Cathay Life Insurance Co. Shareholder 1 Feb 2016 75% - 100% 03374707
Ltd. Cathay Financial Holding Co. Shareholder 1 Feb 2016 75% - 100% 70827406

Based in New York

The principal office where Octagon Credit Investors, LLC performs its advisory services is located at 250 Park Avenue, New York, NY 10177, 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 212-400-8400 or by fax 212-400-8401. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at octagoncredit.com.