Hastings Funds Management (Usa), Inc. (New York)


Hastings Funds Management (Usa), Inc. is a large advisory firm based in New York. It manages $245.49 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2012.

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Hastings Funds Management (Usa) 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.

Hastings Funds Management (Usa): assets under management

The assets under management (AUM) of Hastings Funds Management (Usa), Inc. is $245.49 million. The firm's AUM has gone down by -69% since the beginning of its operation, and $131.94 million of the total AUM is attributable to clients outside of the United States.


The firm manages $113.55 million in discretionary accounts and $131.94 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $113.55 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $131.94 million.

Investments

The firm invests in other assets the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Hastings Funds Management (Usa), Inc. 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.

What kind of clients Efim Tkatchew serves?

The only and largest group of clients of Efim Tkatchew is pooled investment vehicles with 1 clients and $113.55 million of assets under management. Among the 8 most similar advisory firms, Hastings Funds Management (Usa) has the highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $113.55 million for 1 clients. 33% of the firm’s clients are foreign persons or businesses.

Hastings Funds Management (Usa) also advises several private funds. Namely, one other private fund.

Careers at Hastings Funds Management (Usa), Inc.

The company employs 8 people that are either part- or full-time employees. 100 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.

Efim Tkatchew has been acting as President since 1 Oct 2009. Northill Gloucester Holdings Limited joined the executive team most recently as the Shareholder.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Peter Taylor Director chief executive officer hfm usa 1 Nov 2006 Other 6001658
Efim Tkatchew Director 1 Oct 2009 Other 6024122
Varun Kapoor Director chief compliance officer 1 Mar 2010 Other 5988997
Hastings Management Pty Ltd Shareholder 1 Apr 2011 75% - 100% na
Nicholas James Cleary Investment director 1 Mar 2012 Other 6564292
Cameron James Price Director chief compliance officer 1 Apr 2012 Other 6142632
Geraldine Barlow Director 1 Jun 2012 Other 6142636
Irene Mavroyannis Director chief executive officer hfm usa 1 Apr 2013 Other 4190185
Jane Morforwyn Frawley Board secretary 1 Dec 2013 Other 6740753
Robert K Collins Executive director, co-head north america 1 Dec 2013 Other 3104856
Sabina A Haq Chief compliance officer 1 Dec 2013 Other 6253965
David Alexander Mclean Director 1 Dec 2013 Other 6197134
Darius John Berendji Non-executive director 1 Feb 2015 Other 6767730
Richard Edwin Henshall Director 1 Mar 2015 Other 4781525
Nicholas James Cleary Director, executive director 1 Aug 2015 Other 6564292
Darius John Berendji Non-executive director 1 Aug 2015 Other 6767730
Jane Frawley Chief compliance officer, executive director, legal & governance 1 Aug 2015 Other 6572804
Sabina Ali Haq Chief compliance officer 1 Jan 2016 Other 6253965
Sabina A Haq Chief compliance officer 1 Jan 2016 Other 6253965
Kevin Law Non-executive director 1 Feb 2018 Other 6936802
Peter P Galloway Chief compliance officer 1 Mar 2018 Other 4830279
Northill Gloucester Holdings Limited Shareholder 1 Aug 2018 75% - 100% foreign

Indirect Owners

The SEC currently registers 16 indirect owners.

Name Entity Date acquired Ownership Employer ID
Westpac Banking Corporation Shareholder 1 Apr 2006 75% - 100% 98-6008211
Lm (Gp) Ltd General partner 1 Nov 2008 Other foreign
Northill Capital (Jersey) L.P. Limited partner 1 Jan 2011 75% - 100% foreign
Ernesto Silvio Maurizio Bertarelli Limited partner 1 Jan 2011 50% - 75% 6148538
Donata Guichard Bertarelli Limited partner 1 Jan 2011 25% - 50% 6148540
Ernesto Bertarelli Northill Discretionary Trust Owner 1 May 2011 50% - 75% foreign
Nc T Ltd Trustee 1 May 2011 Other foreign
Donata Bertarelli Northill Discretionary Trust Owner 1 May 2011 25% - 50% foreign
Northill Purpose Trust Owner 1 May 2011 75% - 100% foreign
Nc Pt Limited Trustee 1 May 2011 Other foreign
Northill Capital Holdings Limited General partner 1 Jun 2012 Other foreign
Northill Jersey Holidngs Lp Owner 1 Dec 2012 75% - 100% foreign
Northill Invest Lp Limited partner 1 Nov 2015 75% - 100% foreign
Waypoint Gp Limited General partner 1 Nov 2015 Other foreign
Landmark Lp Limited partner 1 Nov 2015 75% - 100% foreign
Northill Uk Management Holdings Limited Owner 1 Feb 2018 75% - 100% foreign

Based in New York

The principal office where Hastings Funds Management (Usa), Inc. performs its advisory services is located at Level 39, 575 Fifth Avenue, New York, NY 10017, 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 212-551-1810. The normal business hours are 8:30am - 5:30pm on Monday - Friday. You can find more information about the New York firm at hastingsinfra.com.