Duke Funding Management, L.L.C. (Old Greenwich)


Duke Funding Management, L.L.C. is a large advisory firm based in Old Greenwich. It manages $788.67 million of regulatory assets for 7 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of Connecticut.

Duke Funding Management, L.L.C 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.

Duke Funding Management, L.L.C: assets under management

The assets under management (AUM) of Duke Funding Management, L.L.C. is $788.67 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 159% since the beginning of its operation, and $788.67 million of the total AUM is attributable to clients outside of the United States.

The firm manages $788.67 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $112.67 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Duke Funding Management, L.L.C. 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 Duke Funding Management, L.L.C serves?

The only and largest group of clients of Duke Funding Management, L.L.C is pooled investment vehicles with 7 clients and $788.67 million of assets under management. Among the 12 most similar advisory firms, Duke Funding Management, L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $788.67 million for 7 clients. 100% of the firm’s clients are foreign persons or businesses.

Duke Funding Management, L.L.C also advises several private funds. Namely, seven securitized asset funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $66,924,180.

Careers at Duke Funding Management, L.L.C.

The company employs 142 people that are either part- or full-time employees. 39 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.

Robert Kinderman joined the executive team most recently as the Managing Director.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
L.L.C. Ellington Management Group Member 1 Apr 2001 75% - 100% 112493
Olivier Cojot Goldberg Vice chairman 1 Apr 2001 Other 1546586
Laurence Eric Penn Vice chairman 1 Apr 2001 Other 1914867
Michael William Vranos Chief executive officer 1 Apr 2001 Other 2013180
John Deno Geanakoplos Managing director 1 Apr 2001 Other 2319447
Richard Gregg Brounstein Vice chairman 1 Apr 2001 Other 1553368
Olivier Steven Cojot Managing director 1 Apr 2001 Other 1546586
George Howard Zettler Managing director 1 Apr 2001 Other 2399039
Garret Imre Filler General counsel and managing director 1 Apr 2001 Other 2928464
Michael Zaretsky Managing director 1 Apr 2001 Other 4386498
Dennis Patrick Sugrue Managing director 1 Apr 2001 Other 1624299
Nikos Vassilios Nicopoulos Managing director 1 Apr 2001 Other 4395923
L.L.C. Ellington Management Group Member 1 Oct 2001 75% - 100% 112493
Olivier Steven Cojot Managing director 1 Oct 2001 Other 1546586
Carol Lynn Calhoun Managing director 1 Oct 2001 Other 4386502
Nikolay Ivanov Stoytchev Managing director 1 Jan 2003 Other 4741135
Paul Anthony Asaro Chief financial officer and managing director 1 Feb 2004 Other 4776316
Paul Asaro Chief financial officer 1 Feb 2004 Other 4776316
Thomas Larkin Chief operating officer and chief compliance officer 1 Feb 2004 Other 4779407
Thomas Moore Larkin Chief operating officer and chief compliance officer 1 Feb 2004 Other 4779407
Thomas More Larkin Chief operating officer 1 Feb 2004 Other 4779407
Richard Anthony Daley Managing director and chief operating officer 1 Dec 2004 Other 2242011
Costas Aphis Philippides Managing director 1 Jan 2005 Other 2164234
Lisa Chun Chief compliance officer and assistant counsel 1 Jan 2006 Other 5115433
Jared Samet Managing director 1 Jan 2007 Other 5302764
Mark Ira Tecotzky Managing director 1 Jan 2008 Other 1656046
Paul Saltzman Managing director and chief legal officer 1 Mar 2008 Other 2567124
David Charles Rice Chief compliance officer 1 Jul 2008 Other 5574821
Daniel Reuven Margolis General counsel 1 May 2010 Other 5800952
Robert Kinderman Managing director 1 Jun 2019 Other 7133447

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
L.L.C. Vc Investments Managing member 1 Aug 1995 Other 13-3813408
Michael William Vranos Managing member 1 Aug 1995 75% - 100% 2013180
L.P. Emg Holdings Member 1 Jan 2007 75% - 100% 03-0612415
L.L.C. Vc Investments General partner 1 Jan 2007 Other 13-3813408
Michael William Vranos Limited partner 1 Apr 2007 25% - 50% 2013180

Based in Old Greenwich

The principal office where Duke Funding Management, L.L.C. performs its advisory services is located at 53 Forest Avenue, Old Greenwich, CT 06870, 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 203-698-1200 or by fax 203-698-0869. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at ellington.com.

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