Erg Asset Management LLC (Norwalk)

Name: Erg Asset Management LLC
Address: 50 Washington Street, Norwalk, CT, 06854
Telephone: 646-722-9660

Erg Asset Management LLC is an adviser based in Norwalk. It manages $16.94 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2015 and has operated in the jurisdiction of Connecticut.

Erg Asset Management provides portfolio management for pooled investment vehicles 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.

Erg Asset Management: assets under management

The assets under management (AUM) of Erg Asset Management LLC is $16.94 million. The firm's AUM has gone down by -97% since the beginning of its operation, and $15.91 million of the total AUM is attributable to clients outside of the United States.

Erg Asset Management has custody of $9.82 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Investments

The firm invests in cash and cash equivalents the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Erg Asset Management LLC for their services and products based on fixed fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Erg Asset Management serves?

The only and largest group of clients of Erg Asset Management is pooled investment vehicles with 2 clients and $16.86 million of assets under management. Among the 1 most similar advisory firms, Erg Asset Management has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $16.86 million for 2 clients. 94% of the firm’s clients are foreign persons or businesses.

Erg Asset Management also advises several private funds. Namely, one hedge fund and six other private funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Erg Asset Management LLC

The company employs 3 people that are either part- or full-time employees. 67 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.

Erg Asset Management LLC is owned by James Spencer Matthews. Michael Kenneth Staveley joined the executive team most recently as the Owner And Manager.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Eden Rock Capital Management	Related adviser	1 Feb 2012	25% - 50%	138783
Amy Lai	Executive committee member	1 Feb 2012	Other	2634140
George Mark O'dowd	Executive committee member	1 Feb 2012	Other	2219430
William Henderson Woolverton	Chief compliance officer	1 Feb 2012	Other	1494141
Ltd. Gottex Fund Management	Related adviser	1 Feb 2012	50% - 75%	139588
Michael Kenneth Staveley	Executive committee member	1 Feb 2012	Other	2722836
Tim Roniger	Executive committee member	1 Dec 2012	Other	5085944
Michael Kenneth Staveley	Owner and manager	1 Jun 2016	Other	2722836
James Spencer Matthews	Owner	1 Jun 2016	Other	5086398
Edward Marcus Horner	Owner	1 Jun 2016	Other	4029881
Fabio Nicola Raffaele Morandi	Owner	1 Jun 2016	Other	5499747
David John Higgins	Owner	1 Jun 2016	Other	5647254
David Gervais	Owner	1 Jun 2016	Other	5761927
Nicola Jayne Corrin	Owner	1 Jun 2016	Other	5086552
Peter Loo	Owner	1 Jun 2016	Other	6673189
Gmod Llc	Owner	1 Jun 2016	Other	81-2638699
Kimberly Ann Morabito	Chief compliance officer	1 Jun 2016	Other	6672598
Guy Locke	Manager	1 Jun 2016	Other	6676838

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Gottex Fund Management Sarl	Owner	1 Sep 2003	75% - 100%	138245
Gottex Partners Sarl (Luxembourg)	Owner	1 Nov 2005	75% - 100%	980477381
Gottex Management Sa Sicar	Owner	1 Nov 2005	75% - 100%	foreign entity
Ltd. Gottex Fund Management	Entity	1 Mar 2012	50% - 75%	139588
Gottex America Limited	Foreign entity	1 Nov 2015	75% - 100%	foreign entity
George Mark O'dowd	Owner	1 Jun 2016	75% - 100%	2219430

Based in Norwalk

The principal office where Erg Asset Management LLC performs its advisory services is located at 50 Washington Street, Norwalk, CT 06854, 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 646-722-9660. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at ergassetmanagement.com/.