Redding Ridge Asset Management LLC (New York)

Name: Redding Ridge Asset Management LLC
Address: 126 E. 56 Th Street, New York, NY, 10022 3613
Telephone: (877) 256-7726

Redding Ridge Asset Management LLC is a large advisory firm based in New York. It manages $5.31 billion of regulatory assets for 12 client accounts. It has been registered with the SEC as an adviser since 2016.

Redding Ridge Asset Management provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Redding Ridge Asset Management: assets under management

The assets under management (AUM) of Redding Ridge Asset Management LLC is $5.31 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 21143% since the beginning of its operation, and $5.31 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $5.31 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $442.55 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Redding Ridge Asset 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.

What kind of clients Redding Ridge Asset Management serves?

The only and largest group of clients of Redding Ridge Asset Management is pooled investment vehicles with 12 clients and $5.31 billion of assets under management. Among the 6 most similar advisory firms, Redding Ridge Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.31 billion for 12 clients. None of the firm’s clients are foreign persons or businesses.

Redding Ridge Asset Management also advises several private funds. Namely, twelve securitized asset funds. The minimum investment commitment required of non-related persons is $1 for each fund.

Careers at Redding Ridge Asset Management LLC

The company employs 20 people that are either part- or full-time employees. 20 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.

Stephen Mark Riddell has served as the Chief Investment Officer since 1 Sep 2016. Isabelle Rose Gold joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Redding Ridge Holdings Lp	Member	1 Mar 2016	75% - 100%	98-1289507
Cindy Zee Michel	Chief compliance officer	1 Jun 2016	Other	4661808
Joseph Daniel Glatt	Chief legal officer	1 Jun 2016	Other	6668212
Albert Henry Huntington	Managing director	1 Jun 2016	Other	5194370
Stephen Mark Riddell	Chief investment officer	1 Sep 2016	Other	2768754
Isabelle Rose Gold	Chief compliance officer	1 Apr 2019	Other	6646215

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Redding Ridge Advisors Llc	General partner	1 Mar 2016	Other	81-1517227
Apollo Structured Credit Recovery Master Fund Iv Lp	Indirect owner	1 Oct 2018	25% - 50%	61-1844982

Based in New York

The principal office where Redding Ridge Asset Management LLC performs its advisory services is located at 126 E. 56 Th Street, New York, NY 10022 3613, which is also the mailing address of the firm. An additional office of the firm is in Charlotte, NC. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (877) 256-7726. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at rram.com.