Terrapin Asset Management, LLC (New York)

Name: Terrapin Asset Management, LLC
Address: 1270 Avenue Of The Americas, New York, NY, 10020
Telephone: 212-710-4100

Terrapin Asset Management, LLC is a mid-sized advisory firm based in New York. It manages $56.88 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdiction of Florida.

Terrapin Asset 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.

Terrapin Asset Management: assets under management

The assets under management (AUM) of Terrapin Asset Management, LLC is $56.88 million. The firm's AUM has gone down by -72% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $56.59 million in discretionary accounts and $293 thousand in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $8.08 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $293 thousand.

Terrapin Asset Management has custody of $34.2 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 Terrapin Asset Management, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Nathan David Leight serves?

The only and largest group of clients of Nathan David Leight is pooled investment vehicles with 8 clients and $56.88 million of assets under management. Among the 0 most similar advisory firms, Terrapin Asset Management has the 0th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $56.88 million for 8 clients. None of the firm’s clients are foreign persons or businesses.

Terrapin Asset Management also advises several private funds. Namely, seven hedge funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $1,000,000.

Careers at Terrapin Asset Management, LLC

The company employs 7 people that are either part- or full-time employees. 57 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.

Nathan David Leight has been acting as President since 1 Feb 2002. Dean Rubino joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Wade Berger	Trustee, leight family 1998 irrevocable trust	1 Apr 1998	25% - 50%	4562854
Murray Lloyd Sprung	Trustee, weiss family trust	1 Mar 2000	25% - 50%	5512655
Jason Gregory Weiss	Partner	1 Jan 2001	25% - 50%	2743415
Nathan David Leight	Managing member/chief investment officer	1 Jan 2001	Other	1021624
Weiss Family Trust	Shareholder	1 Jan 2001	25% - 50%	36-7325565
Leight Family 1998 Irrevocable Trust	Shareholder	1 Jan 2001	25% - 50%	13-7141506
Nathan David Leight	Chief investment officer	1 Oct 2001	25% - 50%	1021624
Nathan David Leight	Chairman/chief investment officer	1 Feb 2002	Other	1021624
Leight Family 1998 Irrevocable Trust	Shareholder	1 Feb 2002	75% - 100%	13-7141506
John Roger Frawley	Managing partner	1 Oct 2004	Other	213267
Vincent Michael Sarullo	Chief financial officer/chief compliance officer	1 Jan 2005	Other	4951040
Nathalie Cunningham	Partner and director of research	1 Jan 2006	Other	5774742
Stuart Finlay Gallin	Chief financial officer	1 Jan 2007	Other	5314515
John Roger Frawley	Managing member/chief compliance officer	1 Mar 2008	Other	213267
Marjorie Sara White	General counsel/chief compliance officer	1 Oct 2009	Other	2908476
Marjorie Sara White	Chief compliance officer	1 Apr 2010	Other	2908476
Stephen Simon Schifrin	Chief compliance officer	1 Jan 2013	Other	6178719
Dean Rubino	President	1 Oct 2013	Other	4795765

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Elizabeth Barkin Leight	Trustee	1 Apr 1998	Other	5512665
Paul Joshua Leight	Trustee	1 Sep 2003	Other	5804942

Based in New York

The principal office where Terrapin Asset Management, LLC performs its advisory services is located at 1270 Avenue Of The Americas, New York, NY 10020, which is also the mailing address of the firm. An additional office of the firm is in Miami, FL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-710-4100 or by fax 212-710-4105. The normal business hours are 9am to 6pm on Monday - Friday. You can find more information about the New York firm at terrapinpartners.com.