Pingora Asset Management, LLC (Denver)

Name: Pingora Asset Management, LLC
Address: 1819 Wazee Street, Denver, CO, 80202 1782
Telephone: (720) 475-1292

Pingora Asset Management, LLC is a large advisory firm based in Denver. It manages $1.91 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdiction of Colorado.

Pingora Asset Management 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.

Pingora Asset Management: assets under management

The assets under management (AUM) of Pingora Asset Management, LLC is $1.91 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 255% since the beginning of its operation, and $57.85 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.91 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $173.38 million each.

Pingora Asset Management has custody of $1.08 billion in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-exchange traded securities the most. They account for 58% of the total AUM. The second-largest asset type is other assets, which make up 42% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pingora Asset Management, LLC 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 Pingora Asset Management serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Pingora Asset Management is pooled investment vehicles with 9 clients and $1.26 billion of assets under management. Among the 10 most similar advisory firms, Pingora Asset Management has the 5th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.91 billion for 11 clients. None of the firm’s clients are foreign persons or businesses.

Pingora Asset Management also advises several private funds. Namely, six other private funds. The minimum investment commitment required of non-related persons ranges from $25,000 to $50,000,000.

Careers at Pingora Asset Management, LLC

The company employs 24 people that are either part- or full-time employees. 96 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
Michael Page Lau	Chief executive officer and board member	1 Nov 2012	Other	6139531
Todd Richard Wallace	Chief financial officer	1 Dec 2012	Other	6175123
L.P. Pingora Holdings	Member	1 Mar 2013	75% - 100%	30-0764580
Matthew William Hankins	Board member	1 Mar 2013	Other	5500784
Bruce L Goldman	Board member	1 Mar 2013	Other	2356009
Steven Michael Taslitz	Board member	1 Mar 2013	Other	2826397
Ronald M. (Mi Only) Bendalin	Chief compliance officer	1 Sep 2013	Other	6318332
Paul Alan Thomas	Chief operating officer	1 Apr 2014	Other	6410756

Indirect Owners

The SEC currently registers 25 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David Ertel	Shareholder	1 Dec 1994	75% - 100%	1890475
David Ertel	Shareholder	1 Dec 1997	50% - 75%	1890475
Nancy Hector	Shareholder	1 Dec 1997	25% - 50%	6025251
Bayview Financial Management Corp.	General partner	1 Jun 2007	Other	65-0802021
Inc. Bftg Holding Company	Limited partner	1 Jul 2007	75% - 100%	59-2742556
Llc Sterling Capital Partners Iv	General partner of sc partners iv, l.p.	1 May 2011	Other	45-2409097
Steven Michael Taslitz	Manager of sterling capital partners iv, llc and director of sp gp aiv corporation	1 May 2011	Other	2826397
Eric David Becker	Manager of sterling capital partners iv, llc and director of sp gp aiv corporation	1 May 2011	Other	6024060
Rudolf Christopher Hoehnsaric	Manager of sterling capital partners iv, llc and director of sp gp aiv corporation	1 May 2011	Other	2818443
Douglas Lee Becker	Manager of sterling capital partners iv, llc and director of sp gp aiv corporation	1 May 2011	Other	2818438
Merrick M (Mi Only) Elfman	Manager of sterling capital partners iv, llc and director of sp gp aiv corporation	1 May 2011	Other	1202510
L.P. Scp Iv Pingora Aiv	Limited partner of pingora holdings, l.p. and sole member of pingora holdings gp, llc	1 Jan 2013	75% - 100%	90-0934037
L.P. Sc Partners Iv	General partner of scp iv pingora aiv, l.p. and scp iv pingora aiv conduit, l.p.	1 Jan 2013	Other	90-0729752
Llc Pingora Holdings Gp	General partner of pingora holdings, l.p.	1 Jan 2013	Other	90-0934037
Sp Gp Aiv Corporation	General partner of scp iv pingora aiv cayman, l.p.	1 Feb 2013	Other	98-0681371
L.P. Scp Iv Pingora Aiv Cayman	Limited partner of scp iv pingora aiv, l.p.	1 Mar 2013	25% - 50%	98-1091655
L.P. Scp Iv Pingora Aiv Conduit	Sole limited partner of scp iv pingora aiv cayman, l.p.	1 Mar 2013	75% - 100%	80-0892142
Llc Bayview Asset Management Holdings	Member	1 Feb 2015	75% - 100%	26-0328246
Bayview Financial Management Corp.	Member	1 Feb 2015	Other	65-0802021
L.P. Bayview Financial Holdings	Member	1 Feb 2015	75% - 100%	26-0328246
Wind River Trs Llc	Limited partner of pingora holdings, l.p.	1 Aug 2015	75% - 100%	47-4363737
Hatteras Financial Corp.	Sole member	1 Aug 2015	75% - 100%	81-2267274
Inc. Annaly Capital Management	Sole shareholder	1 Jul 2016	75% - 100%	22-3479661
Llc Bayview Asset Management	Limited partner	1 Aug 2017	75% - 100%	157053
Llc Phlp Gp	General partner	1 Aug 2017	Other	61-1846500

Based in Denver

The principal office where Pingora Asset Management, LLC performs its advisory services is located at 1819 Wazee Street, Denver, CO 80202 1782, 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 (720) 475-1292. The normal business hours are 8:30 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at pingorafund.com.