Matlinpatterson Global Advisers LLC (New York)

Name: Matlinpatterson Global Advisers LLC
Address: 70 East 55 Th Street, New York, NY, 10022 4213
Telephone: 212-651-9500

Matlinpatterson Global Advisers LLC is a large advisory firm based in New York. It manages $1.57 billion of regulatory assets for 9 client accounts. It has been registered with the SEC as an adviser since 2010 and has operated in the jurisdiction of New York.

Matlinpatterson Global Advisers 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.

Matlinpatterson Global Advisers: assets under management

The assets under management (AUM) of Matlinpatterson Global Advisers LLC is $1.57 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -52% since the beginning of its operation, and $414.56 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.57 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.74 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Matlinpatterson Global Advisers 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 Mark Richard Patterson serves?

The only and largest group of clients of Mark Richard Patterson is pooled investment vehicles with 9 clients and $1.57 billion of assets under management. Among the 7 most similar advisory firms, Matlinpatterson Global Advisers has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.57 billion for 9 clients. 56% of the firm’s clients are foreign persons or businesses.

Matlinpatterson Global Advisers also advises several private funds. Namely, one hedge fund and seven private equity funds. The minimum investment commitment required of non-related persons ranges from $5,000,000 to $10,000,000.

Careers at Matlinpatterson Global Advisers LLC

The company employs 7 people that are either part- or full-time employees. 57 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.

Mark Richard Patterson has been acting as President since 1 May 2002. Rui Gao joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Matlinpatterson Pe Holdings Llc	Managing member	1 May 2002	75% - 100%	42-1546900
David Jeffrey Matlin	Co-founder, chief executive officer and chief investment officer	1 May 2002	Other	1849103
Mark Richard Patterson	Chairman	1 May 2002	Other	1155279
Robert Howard Weiss	Chief compliance officer and general counsel	1 Oct 2002	Other	2252096
Lawrence Michael Teitelbaum	Chief financial officer	1 Oct 2002	Other	5551494
Peter Hubert Schoels	Elected manager	1 Jan 2009	Other	5863849
Cameron Anthony Hillyer	Chief financial officer	1 Jul 2012	Other	6027922
Rui Gao	Chief financial officer	1 Feb 2016	Other	6628984

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Matlinpatterson Llc	Sole member	1 May 2002	75% - 100%	65-1164665

Based in New York

The principal office where Matlinpatterson Global Advisers LLC performs its advisory services is located at 70 East 55 Th Street, New York, NY 10022 4213, 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 212-651-9500 or by fax 212-651-4010. The normal business hours are 8:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at matlinpatterson.com.