Fort, L.P. (Chevy Chase)

Name: Fort, L.P.
Address: 2 Wisconsin Circle, Chevy Chase, MD, 20815 7003
Telephone: 301-986-6940

Fort, L.P. is a large advisory firm based in Chevy Chase. It manages $2.5 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Maryland and New York.

Fort 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.

Fort: assets under management

The assets under management (AUM) of Fort, L.P. is $2.5 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 616% since the beginning of its operation, and $2.49 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.5 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $227.46 million each.

Fort has custody of $681.25 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Fort, L.P. 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 Stuart Henry Bohart serves?

The only and largest group of clients of Stuart Henry Bohart is pooled investment vehicles with 11 clients and $2.5 billion of assets under management. Among the 5 most similar advisory firms, Fort has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.5 billion for 11 clients. 68% of the firm’s clients are foreign persons or businesses.

Fort also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $50,000 to $2,000,000.

Careers at Fort, L.P.

The company employs 60 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 are 12 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.

Stuart Henry Bohart has been acting as President since 1 May 2018. Benjamin Sabol joined the executive team most recently as the Head Of Risk Management.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Yves M Balcer	Ceo, partner, co-founder and principal	1 Dec 1999	Other	1756403
Sanjiv Kumar	President, partner, co-founder and principal	1 Dec 1999	Other	2432580
Fort Llc	Owner	1 Dec 1999	50% - 75%	52-2083684
Fort Management Inc.	General partner	1 Dec 1999	Other	52-2208572
Llc Fpcz Eci	Owner	1 Jan 2008	25% - 50%	26-1684745
Scott L Barnes	Chief financial officer	1 Dec 2013	Other	4463392
Line Deslandes	Chief compliance officer	1 Dec 2013	Other	6277394
Sumit Kumar	Chief technology officer	1 Mar 2014	Other	6329418
Alan Jeffrey Marantz	Managing director	1 Apr 2014	Other	1260298
Musser Devan	Chief compliance officer and general counsel	1 Dec 2014	Other	6439482
Devan Musser	Chief compliance officer	1 Dec 2014	Other	6439482
Benjamin Sabol	Head of trading operations	1 Feb 2015	Other	6777016
Fastnet Us Im Holdings Ltd.	Limited partner	1 Dec 2015	Other	80-0966826
Spyros N Papadakis	Chief operating officer	1 Dec 2015	Other	2795449
Fastnet Offshore Im Holdings Corp.	Limited partner	1 Dec 2015	Other	81-0851539
David John Barrett	Head of business development and managing director	1 Jan 2016	Other	1579339
Andrew Keller	Deputy chief operating officer, chief compliance officer	1 Jan 2016	Other	6777011
Fort Im Employee Llc	Limited partner	1 Mar 2017	Other	81-4894886
John Charles Prendergast	Co- chief technology officer	1 Jan 2018	Other	6932455
Ricky Eng	Co- chief technology officer	1 Jan 2018	Other	4451005
Christopher Thomas Snyder	General counsel	1 Mar 2018	Other	6944702
Stuart Henry Bohart	President	1 May 2018	Other	2603191
Kumar Family Trust	Limited partner	1 Jun 2019	Other	xxx-xx-xxxx
Alan Marantz Family Trust	Limited partner	1 Jun 2019	Other	xxx-xx-xxxx
Benjamin Sabol	Head of risk management	1 Sep 2019	Other	6777016
Andrew Scott Tuttle	Head of trading	1 Sep 2019	Other	7176406

Indirect Owners

The SEC currently registers 20 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Government Of Singapore Investment Corporation (Ventures) Ptd Ltd.	Owner	1 Feb 2000	75% - 100%	foreign entity
Minister Of Finance (Incorporated)	Owner	1 Feb 2000	75% - 100%	foreign entity
The Government Of Singapore	Owner	1 Feb 2000	75% - 100%	foreign entity
Ltd. Paine & Partners Capital Fund Iii Cz I Blocker	Owner	1 Dec 2007	75% - 100%	98-0563481
L.P. Paine & Partners Capital Fund Iii Gp	General partner	1 Dec 2007	Other	98-0489122
Llc Capital Z E3 Alternative Asset Investors	Owner	1 Dec 2007	75% - 100%	26-1684745
Llc Fp Iii Eci Holdco	Owner	1 Dec 2007	50% - 75%	26-1724316
L.P. Paine & Partners Capital Fund Iii Cz I	Owner	1 Dec 2007	75% - 100%	98-0563481
Ltd. Paine & Partners Capital Fund Iii Cz I Blocker	Owner	1 Jan 2008	50% - 75%	98-0562011
L.P. Paine & Partners Capital Fund Iii Cz Ii	Owner	1 Jan 2008	25% - 50%	98-0574005
Upton Investment Pte	Owner	1 Jan 2008	75% - 100%	foreign entity
Petershill Ii Offshore Lp	Owner	1 Dec 2015	75% - 100%	81-0851539
Petershill Ii Lp	Owner	1 Dec 2015	75% - 100%	80-0966826
Goldman Sachs Ph Ii Advisors Llc	Owner	1 Dec 2015	25% - 50%	13-4019460
L.L.C. Gsam Gen Par	Sole member and manager	1 Dec 2015	75% - 100%	13-4019460
Inc. The Goldman Sachs Group	Sole member and manager	1 Dec 2015	75% - 100%	13-4019460
David John Barrett	Owner	1 Sep 2017	25% - 50%	1579339
Scott Michael Sambur	Trustee	1 Jun 2019	Other	7144563
Mansoora Nmn Rashid	Trustee	1 Jun 2019	Other	7144567
Virginia Mccann Marantz	Trustee	1 Jun 2019	Other	7144570

Based in Chevy Chase

The principal office where Fort, L.P. performs its advisory services is located at 2 Wisconsin Circle, Chevy Chase, MD 20815 7003, 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 301-986-6940. The normal business hours are 9:30 am - 5:30 pm on Monday - Friday. You can find more information about the New York firm at fortlp.com.