Kls Diversified Asset Management LP (New York)

Name: Kls Diversified Asset Management LP
Address: 452 Fifth Avenue, New York, NY, 10018
Telephone: 212-905-0800

Kls Diversified Asset Management LP is a large advisory firm based in New York. It manages $17.45 billion of regulatory assets for 13 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of New York.

Kls Diversified Asset Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for privately managed accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Kls Diversified Asset Management: assets under management

The assets under management (AUM) of Kls Diversified Asset Management LP is $17.45 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1867% since the beginning of its operation, and $10.68 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $17.45 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.34 billion each.

Kls Diversified Asset Management has custody of $13.34 billion in cash and securities for 7 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in government bonds the most. They account for 62% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 28% of the firm’s portfolio. Investments in pooled investment vehicles form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Kls Diversified Asset Management LP 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 Kls Diversified Asset Management serves?

The firm provides services to insurance companies, investment companies, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Kls Diversified Asset Management is pooled investment vehicles with 8 clients and $14.85 billion of assets under management. Among the 8 most similar advisory firms, Kls Diversified Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $17.45 billion for 13 clients. 31% of the firm’s clients are foreign persons or businesses.

Kls Diversified Asset Management also advises several private funds. Namely, five hedge funds and one securitized asset fund. The minimum investment commitment required of non-related persons ranges from $0 to $3,000,000.

Careers at Kls Diversified Asset Management LP

The company employs 54 people that are either part- or full-time employees. 54 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
Jeffrey William Kronthal	Co-chief investment officer	1 Nov 2007	Other	860031
Harry William Lengsfield	Co-chief investment officer	1 Nov 2007	Other	1574711
John [Nmn] Steinhardt	Co-chief investment officer	1 Nov 2007	Other	874072
Kls Gp Llc	General partner	1 Nov 2007	Other	26-1348546
Kls Partners Llc	Limited partner	1 Nov 2007	75% - 100%	26-1348598
Inc. Merrill Lynch Fund Investors	Limited partner	1 Nov 2007	Other	13-3081991
John Steinhardt	Co-chief investment officer	1 Nov 2007	Other	874072
Michael Philip Zarrilli	Chief operating officer	1 Nov 2007	Other	2584740
Michael Philip Zarrilli	Chief operating officer	1 Jan 2008	Other	2584740
Timothy Francis Quinn	Chief compliance officer & chief financial officer	1 Sep 2009	Other	1495782
Nargis A. Hilal	Chief compliance officer	1 Mar 2016	Other	5735681
Brett Evan Lipsky	Chief financial officer	1 Jul 2017	Other	4406680
Joseph David Schneider	Chief compliance officer	1 Aug 2017	Other	3257197

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Merrill Lynch & Co. Inc.	Shareholder	1 Nov 2007	75% - 100%	13-2740599

Based in New York

The principal office where Kls Diversified Asset Management LP performs its advisory services is located at 452 Fifth Avenue, New York, NY 10018, 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 212-905-0800 or by fax 212-905-0801. The normal business hours are 8:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at klsdiversified.com.