Sali Fund Management, LLC (Austin)

Name: Sali Fund Management, LLC
Address: 6850 Austin Center Blvd., Austin, TX, 78731
Telephone: 512-735-7254

Sali Fund Management, LLC is a large advisory firm based in Austin. It manages $9.48 billion of regulatory assets for 124 client accounts. It has been registered with the SEC as an adviser since 2003 and has operated in the jurisdictions of New York, Texas, and Washington.

Sali 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.

Sali Fund Management: assets under management

The assets under management (AUM) of Sali Fund Management, LLC is $9.48 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 10097% since the beginning of its operation, and $901.9 million of the total AUM is attributable to clients outside of the United States.

The firm manages $9.48 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $76.48 million each.

Sali Fund Management has custody of $9.48 billion in cash and securities for 124 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sali Fund Management, LLC for their services and products based on a percentage of assets under management, hourly charges, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Kevin B Bhatt serves?

The only and largest group of clients of Kevin B Bhatt is pooled investment vehicles with 124 clients and $9.48 billion of assets under management. Among the 10 most similar advisory firms, Sali Fund Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $9.48 billion for 124 clients. 1% of the firm’s clients are foreign persons or businesses.

Sali Fund Management also advises several private funds. Namely, one hundred seven hedge funds, one liquidity fund, two real estate funds, two other private funds, and seventeen private equity funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $140,000,000.

Careers at Sali Fund Management, LLC

The company employs 45 people that are either part- or full-time employees. 16 percent of the employees work as investment advisers or researchers. 6 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.

Kevin B Bhatt has been acting as President since 1 Feb 2018. Karen Patricia Halliday joined the executive team most recently as the Director.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Brent David Kinetz	Executive officer	1 Dec 2002	Other	2031620
Michael Bruce Liebeskind	Executive officer	1 Dec 2002	Other	1219051
Campbell Thornton Gerrish	Executive officer	1 Dec 2002	Other	807708
Llc Sali East	Member	1 Dec 2002	75% - 100%	81-0586564
John Blake Lawson	Member/ executive officer	1 Dec 2002	Other	2725918
James Dennis Cavner	Member/ executive officer	1 Dec 2002	Other	1355156
William Manuel Waxman	Member/ executive officer	1 Dec 2002	Other	1355139
West Sali Lp	Member	1 Sep 2003	50% - 75%	57-1190757
Judy Ann Soslau	Chief compliance officer	1 Oct 2004	Other	2029810
Thomas A. Nieman	Chief compliance officer/ secretary/ treasurer	1 Jul 2005	Other	5062207
Thomas Albert Nieman	Chief financial officer/ secretary/ treasurer	1 Jul 2005	Other	5062207
Thomas Nieman	Secretary/ treasurer	1 Jul 2005	Other	5062207
Llc 327 Investments	Member	1 Jan 2006	25% - 50%	20-2170969
Eric Naison Phillips	Executive officer	1 Jan 2009	Other	5155539
Aaron Abrahms	Executive officer	1 Jan 2011	Other	5155534
Gregory William Bellush	Chief operations officer	1 Jan 2014	Other	6872354
Alexander Charles Tuff	Executive officer	1 Jan 2016	Other	2765075
Marko Djuranovic	Executive officer	1 Jan 2016	Other	5584223
Rohit Dalmia	Executive officer	1 Jan 2016	Other	4816174
Chi Chang	Chief compliance officer / general counsel	1 Dec 2016	Other	6769558
Llc Sali East	Member, common class	1 Feb 2018	25% - 50%	81-0586564
Llc 327 Investments	Member, common class	1 Feb 2018	Other	20-2170969
Kevin B Bhatt	Director	1 Feb 2018	Other	6049338
Lp Long Ridge Equity Partners Ii	Member, class a	1 Feb 2018	Other	98-1288431
Llc Long Ridge Sali Offshore Investor	Member, class a	1 Feb 2018	Other	82-4099533
Karen Patricia Halliday	Director	1 Jul 2018	Other	2679687
Dilip Patel	Director	1 Jul 2018	Other	4231948

Indirect Owners

The SEC currently registers 22 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Inc. Gunflint	Member	1 Dec 2002	25% - 50%	81-0596025
Incorporated Jacamonchar	Member	1 Dec 2002	Other	13-4166482
Danbec Associates	Member	1 Dec 2002	25% - 50%	13-3549830
Inc. Danbec Associates	Member	1 Dec 2002	25% - 50%	13-3549830
Argus Financial Group Inc.	Member	1 Jan 2003	Other	74-2447402
John Blake Lawson	Member	1 Sep 2003	25% - 50%	2725918
James Dennis Cavner	Member	1 Sep 2003	25% - 50%	1355156
William Manuel Waxman	Member	1 Sep 2003	25% - 50%	1355139
Matthew Harry Phillips	Member	1 Jan 2005	75% - 100%	2959424
9697 Inc.	Member	1 Jan 2006	Other	20-3980433
Thomas A. Nieman	Member	1 Jan 2006	75% - 100%	5062207
Thomas Albert Nieman	Member	1 Jan 2006	75% - 100%	5062207
Thomas Nieman	Member	1 Jan 2006	75% - 100%	5062207
Matthew Harry Phillips	Member	1 Jan 2006	75% - 100%	2959424
James Gerard Brown	Elected manager	1 Apr 2017	Other	5952970
Kevin B Bhatt	Elected manager	1 Apr 2017	Other	6049338
Long Ridge Sali Offshore Blocker Inc.	Member	1 Jan 2018	75% - 100%	82-4113114
Eric Naison Phillips	Elected manager	1 Jan 2018	Other	5155539
Lp Long Ridge Equity Partners Ii B	Member	1 Jan 2018	75% - 100%	98-1288936
Dartmouth College	Partner	1 Feb 2018	25% - 50%	02-0222111
Lp Long Ridge Equity Partners Gp Ii	General partner	1 Feb 2018	Other	98-1289451
Cornell University	Partner	1 Feb 2018	50% - 75%	15-0532082

Based in Austin

The principal office where Sali Fund Management, LLC performs its advisory services is located at 6850 Austin Center Blvd., Austin, TX 78731, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 512-735-7254 or by fax 512-519-8500. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at sali.com and its LinkedIn profile.