Pine Grove Asset Management LLC (New York)

Name: Pine Grove Asset Management LLC
Address: Hsbc Tower, 452 5 Th Avenue, New York, NY, 10018
Telephone: 212.649.6600

Pine Grove Asset Management LLC is a large advisory firm based in New York. It manages $976.3 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of New Jersey and New York.

Pine Grove Asset Management provides portfolio management for investment companies, 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.

Pine Grove Asset Management: assets under management

The assets under management (AUM) of Pine Grove Asset Management LLC is $976.3 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -7% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $976.3 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $162.72 million each.

Pine Grove Asset Management has custody of $976.3 million in cash and securities for 6 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Pine Grove Asset Management LLC for their services and products based on a percentage of assets under management. 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 Pine Grove Asset Management LLC

Thomas Neil Williams has served as the Chief Investment Officer since 1 May 2011. Nadine Le Gall joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matthew David Stadtmauer	Co-president	1 May 2011	25% - 50%	2782645
Thomas Williams	Co-president	1 May 2011	25% - 50%	4773501
Manish Keshive	Senior managing director head of research	1 May 2011	Other	5914439
Jeffrey Michael Herring	Head of operations and chief compliance officer	1 May 2011	Other	4251373
Inc Pine Grove Associates	Member	1 May 2011	Other	106656
L.L.C. Pine Grove International Management Company	Member	1 May 2011	Other	42-1655292
Palm City Capital Management Llc	Member	1 May 2011	Other	45-2237448
Thomas Neil Williams	Chief investment officer	1 May 2011	Other	4773501
Shiraz Younus Kajee	Treasurer	1 Aug 2014	Other	4468276
Man Principal Strategies Corp.	Sole member	1 Aug 2014	75% - 100%	32-0177453
Jonathan Bradley Clair	Secretary	1 Aug 2014	Other	6381466
Nadine Le Gall	Chief compliance officer	1 Jan 2015	Other	4358239
Solomon Kuckelman	Secretary	1 Jan 2015	Other	6435789
Solomon Edmund Kuckelman	Secretary	1 Jan 2015	Other	6435789

Indirect Owners

The SEC currently registers 10 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Man Investments Holdings Inc.	Shareholder	1 Jul 2006	75% - 100%	13-4049528
E.D. & F. Man Investments Bv	Shareholder	1 Jul 2006	75% - 100%	foreign entity
Man Investments Usa Holdings Inc.	Shareholder	1 Aug 2006	75% - 100%	98-0503332
Man Group Uk Limited	Shareholder	1 Jul 2010	75% - 100%	foreign entity
Man Investments Finance Limited	Shareholder	1 Jul 2010	75% - 100%	foreign entity
Man Strategic Holdings Limited	Shareholder	1 Jul 2010	75% - 100%	foreign entity
Arthur Williams	Member	1 May 2011	50% - 75%	1071903
Arthur Williams Iii 2001 Grantor Trust	Member	1 May 2011	25% - 50%	01-6187336
Man Group Plc	Shareholder	1 Nov 2012	75% - 100%	foreign entity
Man Group Holdings Limited	Shareholder	1 Aug 2013	75% - 100%	foreign entity

Based in New York

The principal office where Pine Grove Asset Management LLC performs its advisory services is located at Hsbc Tower, 452 5 Th Avenue, New York, NY 10018, which is also the mailing address of the firm. An additional office of the firm is in Summit, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212.649.6600 or by fax 212.649.6885. The normal business hours are 9am-5pm on Monday - Friday. You can find more information about the New York firm at www.pinegroveam.com.