Ofs Clo Management, LLC (Chicago)

Ofs Clo Management, LLC is a large advisory firm based in Chicago. It manages $1.03 billion of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdictions of California, Illinois, and New York.

Ofs Clo 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.

Ofs Clo Management: assets under management

The assets under management (AUM) of Ofs Clo Management, LLC is $1.03 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1157% since the beginning of its operation, and $121.95 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.03 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $342.21 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ofs Clo 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 Ofs Clo Management serves?

The only and largest group of clients of Ofs Clo Management is pooled investment vehicles with 3 clients and $1.03 billion of assets under management. Among the 9 most similar advisory firms, Ofs Clo Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.03 billion for 3 clients. 100% of the firm’s clients are foreign persons or businesses.

Ofs Clo Management also advises several private funds. Namely, two securitized asset funds. The minimum investment commitment required of non-related persons is $100,000 for each fund.

Careers at Ofs Clo Management, LLC

The company employs 48 people that are either part- or full-time employees. 52 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
Llc Ofs Funding I	Managing member	1 Dec 2016	75% - 100%	27-1546550
Jeffrey Alan Cerny	Treasurer, secretary & senior managing director	1 Dec 2016	Other	5777980
Bilal (Nmn) Rashid	President & senior managing director	1 Dec 2016	Other	4060309
Mark Steven Hauser	Senior managing director	1 Dec 2016	Other	1583561
Tod Kevin Reichert	Managing director, general counsel & assistant secretary	1 Dec 2016	Other	6774417
Mukya Sue Denise Porter	Chief compliance officer	1 May 2017	Other	4775531

Indirect Owners

The SEC currently registers 4 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Scott Ressler	Member	1 Dec 2007	25% - 50%	1291473
Llc Orchard First Source Asset Management	Member/manager	1 Dec 2009	75% - 100%	27-1546550
Inc. Orchard First Source Capital	Manager	1 Dec 2009	Other	36-3991241
Llc Orchard Investments Ii	Member	1 Dec 2009	50% - 75%	26-1600189

Based in Chicago

The principal office where Ofs Clo Management, LLC performs its advisory services is located at 10 South Wacker Drive, Chicago, IL 60606, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 847.734.2000 or by fax 847.734.7910. The normal business hours are 9am - 5pm (cst) on Monday - Friday.