Ivory Investment Management, LLC is a large advisory firm based in New York. It manages $2.67 billion of regulatory assets for 10 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and New York.
Ivory Investment 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.
The assets under management (AUM) of Ivory Investment Management, LLC is $2.67 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -52% since the beginning of its operation, and $2.14 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Ivory Investment Management, 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.
The only and largest group of clients of Ivory Investment Management is pooled investment vehicles with 10 clients and $2.67 billion of assets under management. Among the 8 most similar advisory firms, Ivory Investment Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $2.67 billion for 10 clients. 70% of the firm’s clients are foreign persons or businesses.
Ivory Investment Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.
The company employs 31 people that are either part- or full-time employees. 39 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 4 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.
The principal office where Ivory Investment Management, LLC performs its advisory services is located at 641 Lexington Ave, 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 310-899-7300 or by fax 310-899-7350. The normal business hours are 9 am to 5 pm on Monday - Friday. You can find more information about the New York firm at ivorycapital.com.