Kenmare Management, L.P. (New York)

Kenmare Management, L.P. is a large advisory firm based in New York. It manages $144.17 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2012.

Kenmare Management 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.

Kenmare Management: assets under management

The assets under management (AUM) of Kenmare Management, L.P. is $144.17 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -56% since the beginning of its operation, and $5.06 million of the total AUM is attributable to clients outside of the United States.

The firm manages $144.17 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $48.06 million each.

Kenmare Management has custody of $144.17 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kenmare Management, L.P. 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 Kenmare Management serves?

The only and largest group of clients of Kenmare Management is pooled investment vehicles with 3 clients and $144.17 million of assets under management. Among the 10 most similar advisory firms, Kenmare Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $144.17 million for 3 clients. 33% of the firm’s clients are foreign persons or businesses.

Kenmare Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Kenmare Management, L.P.

The company employs 2 people that are either part- or full-time employees. 50 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
Mark G. Mcgrath	Principal	1 Jan 2008	75% - 100%	5057693
Gregory Grinberg	Chief compliance officer and chief financial officer	1 Jan 2008	Other	2940122
Kenmare Management Corporation	General partner	1 Oct 2008	Other	26-3796561

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Mark G. Mcgrath	Sole shareholder	1 Oct 2008	75% - 100%	5057693

Based in New York

The principal office where Kenmare Management, L.P. performs its advisory services is located at 101 Avenue Of Americas, New York, NY 10013, 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 212-521-5980 or by fax 212-521-5981. The normal business hours are 9 a.m. - 6 p.m. on Monday - Friday.