Varde Management International, L.P. (Minneapolis)


Varde Management International, L.P. is a large advisory firm based in Minneapolis. It manages $695.5 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of Minnesota.

Varde Management International 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.

Varde Management International: assets under management

The assets under management (AUM) of Varde Management International, L.P. is $695.5 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 47% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $695.5 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $139.1 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Varde Management International, L.P. for their services and products based on a percentage of assets under management. 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.

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
George G Hicks Principal 1 Dec 1996 25% - 50% 1448893
Marcia Lynn Page Principal 1 Dec 1996 25% - 50% 1448939
L.P. Varde Management Parent company 1 Jan 2007 75% - 100% 148949
L.P. Varde Management International Parent company 1 Jan 2007 25% - 50% 131958
L.P. Varde Management Parent company 1 Feb 2008 75% - 100% 148949

Based in Minneapolis

The principal office where Varde Management International, L.P. performs its advisory services is located at 8500 Normandale Lake Blvd, Minneapolis, MN 55437 3813, 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 952-893-1554 or by fax 952-893-9613. The normal business hours are 7:00 am to 6:00 pm on Monday - Friday. You can find more information about the New York firm at www.varde.com.