Praesidium Investment Management Company, LLC (New York)

Name: Praesidium Investment Management Company, LLC
Address: 1411 Broadway, New York, NY, 10018
Telephone: 212-821-1490

Praesidium Investment Management Company, LLC is a large advisory firm based in New York. It manages $1.58 billion of regulatory assets for 35 client accounts. It has been registered with the SEC as an adviser since 2006 and has operated in the jurisdiction of Delaware.

Praesidium Investment Management Company 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.

Praesidium Investment Management Company: assets under management

The assets under management (AUM) of Praesidium Investment Management Company, LLC is $1.58 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 720% since the beginning of its operation, and $569.57 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.58 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $45.01 million each.

Investments

The firm invests in exchange traded securities the most. They account for 92% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 8% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Praesidium Investment Management Company, 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 Praesidium Investment Management Company serves?

The only and largest group of clients of Praesidium Investment Management Company is pooled investment vehicles with 3 clients and $158.06 million of assets under management. Among the 6 most similar advisory firms, Praesidium Investment Management Company has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $158.06 million for 3 clients. 23% of the firm’s clients are foreign persons or businesses.

Praesidium Investment Management Company also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $500,000 for each fund.

Careers at Praesidium Investment Management Company, LLC

The company employs 11 people that are either part- or full-time employees. 55 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Kevin Sean Oram	Managing member	1 Feb 2004	50% - 75%	2090994
Peter Joseph Uddo	Managing member	1 Feb 2004	50% - 75%	5066683
John Roger Scott	Chief financial officer and chief compliance officer	1 Feb 2004	Other	5066688

Based in New York

The principal office where Praesidium Investment Management Company, LLC performs its advisory services is located at 1411 Broadway, New York, NY 10018, 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 212-821-1490 or by fax 212-821-1494. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at praesidiumim.com and its LinkedIn profile.