The SPIRIT OF AMERICA MANAGEMENT CORP is a privately held investment adviser that advises $605.7mn in regulatory assets under management held in 0 SEC fund types across 2 investment strategies. SPIRIT OF AMERICA MANAGEMENT CORP is a Public Fund A public fund manager is a manager whose >=75% of total assets under management are in public funds (broadly accessible, exchange-listed investment vehicles available to retail investors with typically low minimums and clear, widely available information) Manager. Assets decreased by 9.84% over the last 5-years.
The Group has been registered with the SEC for 29 years and is comprised of 1 filing and 0 relying advisers. They operate out of 5 office locations with their Headquarters at 477 JERICHO TURNPIKE, OYSTER BAY, NEW YORK. The Group has been subject to regulatory enforcement actions. They are regulated by 1 US and Non-US bodies.
They have 35 employees comprised of 32 investment and 3 non-investment staff. The total number of Employees decreased by 27.08% over the last 5-years.
Their $605.7mn in assets advised are owned by 0 private funds, 6 public funds and BDCs and 0 other accounts. Assets of Investment Companies (IC) clients own $600.4mn or 99.13% of Total Assets and Individuals own $5.3mn or 0.87% of Total Assets.
The Group's top investment strategies include Long/Short Equity and FI/Credit - Diverse, representing 89.84% and 10.16% of total assets, respectively.
They advise 2 types of clients, top clients are Investment Companies (IC) and Individuals.
The Group uses 1 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 1 Custodians and 1 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees.
SPIRIT OF AMERICA MANAGEMENT CORP names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.