Vedanta Management, L.P. (New York)

Name: Vedanta Management, L.P.
Address: 250 West 55 Th Street, New York, NY, 10019 9710
Telephone: 212-710-5220

Vedanta Management, L.P. is a large advisory firm based in New York. It manages $428.93 million of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of New York.

Vedanta 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.

Vedanta Management: assets under management

The assets under management (AUM) of Vedanta Management, L.P. is $428.93 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -32% since the beginning of its operation, and $75.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $428.93 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $35.74 million each.

Vedanta Management has custody of $428.93 million in cash and securities for 12 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Vedanta Management, L.P. 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 Vedanta Management serves?

The only and largest group of clients of Vedanta Management is pooled investment vehicles with 12 clients and $428.93 million of assets under management. Among the 7 most similar advisory firms, Vedanta Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $428.93 million for 12 clients. 17% of the firm’s clients are foreign persons or businesses.

Vedanta Management also advises several private funds. Namely, one hedge fund, six private equity funds, and four venture capital funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $1,000,000.

Careers at Vedanta Management, L.P.

The company employs 8 people that are either part- or full-time employees. 38 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 2 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Llc Vedanta Partners	General partner of the registrant	1 May 2006	Other	26-1741447
Lp Vedanta Capital	Limited partner of the registrant	1 May 2006	75% - 100%	26-1748494
Alessandro Angelo Piol	President of the registrant	1 May 2006	Other	4168249
Parag Saxena	Chief executive officer of the registrant	1 May 2006	Other	4159180
Margaret Ann Riley	Chief compliance officer of the registrant	1 May 2006	Other	4360193
Margaret Ann Riley	Chief compliance officer of the registrant	1 Jan 2008	Other	4360193

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Parag Saxena	Manager and member	1 Jan 2008	50% - 75%	4159180
Alessandro Angelo Piol	Manager and member	1 Jan 2008	25% - 50%	4168249

Based in New York

The principal office where Vedanta Management, L.P. performs its advisory services is located at 250 West 55 Th Street, New York, NY 10019 9710, 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 212-710-5220 or by fax 212-710-5221. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at vedantacapital.com.