Pura Vida Investments, LLC (New York)

Name: Pura Vida Investments, LLC
Address: 150 E 52 Nd St, New York, NY, 10022
Telephone: (646) 757-2180

Pura Vida Investments, LLC is a large advisory firm based in New York. It manages $388.5 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2014.

Pura Vida Investments 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.

Pura Vida Investments: assets under management

The assets under management (AUM) of Pura Vida Investments, LLC is $388.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 74% since the beginning of its operation, and $53.77 million of the total AUM is attributable to clients outside of the United States.

The firm manages $388.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $55.5 million each.

Pura Vida Investments has custody of $53.77 million 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 Pura Vida Investments, 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 Pura Vida Investments serves?

The only and largest group of clients of Pura Vida Investments is pooled investment vehicles with 6 clients and $388.5 million of assets under management. Among the 9 most similar advisory firms, Pura Vida Investments has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $388.5 million for 6 clients. 17% of the firm’s clients are foreign persons or businesses.

Pura Vida Investments also advises several private funds. Namely, one hedge fund and two private equity funds. The minimum investment commitment required of non-related persons ranges from $20,000 to $1,000,000.

Careers at Pura Vida Investments, LLC

The company employs 11 people that are either part- or full-time employees. 55 percent of the employees work as investment advisers or researchers. No 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Efrem Jason Kamen	Managing member	1 Jul 2012	50% - 75%	4461570
Frank Isaac Litvack	Member	1 Jul 2012	25% - 50%	6156071
Christopher Achilles Nonas	Cfo/coo/cco	1 Nov 2012	Other	2514690
Doron (Nmn) Junger	Member	1 Jan 2016	Other	4694474
Doron Junger	Member	1 Jan 2016	Other	4694474
Alyssa Arden Romano	Cco and cfo	1 May 2018	Other	6949274

Based in New York

The principal office where Pura Vida Investments, LLC performs its advisory services is located at 150 E 52 Nd St, New York, NY 10022, 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 (646) 757-2180 or by fax (646) 607-9557. The normal business hours are 8:00am to 5:00pm on Monday - Friday. You can find more information about the New York firm at puravidainvestments.com/.