Optima Fund Management LLC (New York)

Name: Optima Fund Management LLC
Address: 10 East 53 Rd Street, New York, NY, 10022
Telephone: 212-484-3000

Optima Fund Management LLC is a large advisory firm based in New York. It manages $1.17 billion of regulatory assets for 22 client accounts. It has been registered with the SEC as an adviser since 2002.

Optima Fund Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, 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.

Optima Fund Management: assets under management

The assets under management (AUM) of Optima Fund Management LLC is $1.17 billion. The firm's AUM has grown by 932% since the beginning of its operation, and $490.82 million of the total AUM is attributable to clients outside of the United States.

The firm manages $771.06 million in discretionary accounts and $399.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $51.4 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $57.01 million.

Optima Fund Management has custody of $137.22 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 68% of the total AUM. The second-largest asset type is exchange traded securities, which make up 32% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Optima Fund 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 Optima Fund Management serves?

The firm provides services to investment companies, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Optima Fund Management is pooled investment vehicles with 14 clients and $810.12 million of assets under management. Among the 11 most similar advisory firms, Optima Fund Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.17 billion for 22 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 55% of the firm’s clients are foreign persons or businesses.

Optima Fund Management also advises several private funds. Namely, ten hedge funds and two other private funds. The minimum investment commitment required of non-related persons ranges from $5,000 to $250,000.

Careers at Optima Fund Management LLC

The company employs 25 people that are either part- or full-time employees. 44 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Fabio Paul Savoldelli has served as the Chief Investment Officer since 1 Feb 2008. Michael K Spelman joined the executive team most recently as the Co Chief Investment Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Dennie Dixon Boardman	Managing member, chief investment officer	1 Jul 1988	Other	831861
Nancy Sue Littman	Director of administration	1 Jul 1988	Other	715384
Geoffrey Manfred Lewis	Chief financial officer, chief compliance officer	1 Jun 1989	Other	4392224
Nicholas Charles Vonspeyr	Director of marketing	1 Jun 1993	Other	1704415
Optima Group Holdings Llc	Owner	1 Oct 2001	75% - 100%	13-4194482
Christine Ann Rivera	General counsel	1 Jun 2004	Other	5490111
Fabio Paul Savoldelli	Chief investment officer	1 Feb 2008	Other	2817615
Rachel Susan Minard	Executive managing director	1 May 2010	Other	5566436
Michael K Spelman	Co-chief investment officer	1 Jun 2015	Other	3095892
Johnny Yee	Co-chief investment officer	1 Jun 2015	Other	2263968

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Dennie Dixon Boardman	Managing member	1 Oct 2001	25% - 50%	831861

Based in New York

The principal office where Optima Fund Management LLC performs its advisory services is located at 10 East 53 Rd Street, 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 212-484-3000 or by fax 212-484-3001. The normal business hours are 9.00 am to 5.00 p.m. on Monday - Friday. You can find more information about the New York firm at optima.com.