Senvest Management, LLC (New York)


Senvest Management, LLC is a large advisory firm based in New York. It manages $1.81 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and New York.

Senvest Management 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.

Senvest Management: assets under management

The assets under management (AUM) of Senvest Management, LLC is $1.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 24% since the beginning of its operation, and $1.81 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.81 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.23 million each.
Senvest Management has custody of $1.81 billion in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 21% of the total invested assets.

Fees & Commissions

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

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Senvest Management is pooled investment vehicles with 7 clients and $1.68 billion of assets under management. Among the 10 most similar advisory firms, Senvest Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.81 billion for 8 clients. 75% of the firm’s clients are foreign persons or businesses.

Senvest Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Senvest Management, LLC

The company employs 26 people that are either part- or full-time employees. 46 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
Richard Ron Mashaal Founder & co-chief investment officer 1 Apr 1997 50% - 75% 1567472
George Malikotsis Chief financial officer 1 Apr 1997 Other 5361123
Brian Michael Gonick Co-chief investment officer 1 Mar 2008 Other 1563853
Jefferson Northern Inc. Shareholder 1 Jan 2012 25% - 50% 99-9999999
Alexander Prylucki Chief operating officer 1 Jan 2014 Other 4298988
Harilaos Trahanas Chief compliance officer 1 Mar 2016 Other 4890792
Robert Lorne Katz Sr. managing director 1 Mar 2016 Other 3118603

Indirect Owners

The SEC currently registers 1 indirect owner.

Name Entity Date acquired Ownership Employer ID
Richard Ron Mashaal Shareholder 1 Jan 2012 75% - 100% 1567472

Based in New York

The principal office where Senvest Management, LLC performs its advisory services is located at 540 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-202-3250 or by fax 212-489-1248. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at senvest.com.