Sheffield Asset Management, L.L.C. (Chicago)

Name: Sheffield Asset Management, L.L.C.
Address: 900 North Michigan Avenue, Chicago, IL, 60611
Telephone: 312-506-6400

Sheffield Asset Management, L.L.C. is a large advisory firm based in Chicago. It manages $119.89 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2005.

Sheffield Asset 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.

Sheffield Asset Management, L.L.C: assets under management

The assets under management (AUM) of Sheffield Asset Management, L.L.C. is $119.89 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -57% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $119.89 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $119.89 million each.

Sheffield Asset Management, L.L.C has custody of $119.89 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Sheffield Asset 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 Sheffield Asset Management, L.L.C serves?

The only and largest group of clients of Sheffield Asset Management, L.L.C is pooled investment vehicles with 1 clients and $119.89 million of assets under management. Among the 8 most similar advisory firms, Sheffield Asset Management, L.L.C has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $119.89 million for 1 clients. None of the firm’s clients are foreign persons or businesses.

Sheffield Asset Management, L.L.C also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Sheffield Asset Management, L.L.C.

The company employs 5 people that are either part- or full-time employees. 40 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
Brian Jay Feltzin	Managing member	1 Jan 2003	50% - 75%	1877556
Craig Charles Albert	Member	1 Jan 2003	25% - 50%	2859474
Craig Charles Albert	Member	1 Jan 2004	50% - 75%	2859474
Amy Lynn Rosenow	Chief operating officer; chief compliance officer	1 Oct 2005	Other	2693477
L.L.C. Sheffield Holdings	Member	1 Nov 2005	Other	13-4315816
Scott Eric Perlen	Chief financial officer	1 Sep 2012	Other	6176668
Lisa Jonelle Forbes	General counsel	1 Dec 2014	Other	6460806

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Brian Jay Feltzin	Managing member	1 Nov 2005	50% - 75%	1877556
Craig Charles Albert	Member	1 Nov 2005	50% - 75%	2859474

Based in Chicago

The principal office where Sheffield Asset Management, L.L.C. performs its advisory services is located at 900 North Michigan Avenue, Chicago, IL 60611, 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 312-506-6400 or by fax 312- 506 -6401. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at sheffieldmgmt.com.