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

Name: Duke Funding Management, L.L.C.
Address: 53 Forest Avenue, Old Greenwich, CT, 06870
Telephone: 203-698-1200

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. 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 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.