The CRESSET ASSET MANAGEMENT GROUP is a publicly held investment adviser that advises $82.51Bn in regulatory assets under management held in 6 SEC fund types across 13 investment strategies. CRESSET ASSET MANAGEMENT GROUP is a Retail Wealth A retail wealth manager is a manager whose >=75% of total assets under management are managed for individual investors through retail advisory or brokerage channels. Manager. Assets increased by 590.11% over the last 5-years.
The Group has been registered with the SEC for 9.06 years and is comprised of 3 filing and 9 relying advisers. They operate out of 20 office locations with their Headquarters at 444 W. LAKE STREET SUITE 4700, CHICAGO, ILLINOIS. The Group has not been subject to regulatory enforcement actions. They are regulated by 16 US and Non-US bodies.
They have 548 employees comprised of 202 investment and 346 non-investment staff. The total number of Employees increased by 226.19% over the last 5-years.
Their $82.51Bn in assets advised are owned by 202 private funds, 1 public fund and BDCs and 20 other accounts. Assets of High Net Worth Individuals clients own $69.77Bn or 84.55% of Total Assets and Pooled Investment Vehicles (Not IC or BDC) own $10.78Bn or 13.07% of Total Assets.
The Group's top investment strategies include Multi Strat, Traditional LBO and Long/Short Equity, representing 25.17%, 23.16% and 21.29% of total assets, respectively.
They advise 6 types of clients, top clients are High Net Worth Individuals and Pooled Investment Vehicles (Not IC or BDC).
The Group uses 9 Fund Administrators, 6 Fund Auditors, 0 Prime Brokers, 23 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 4 private funds with $2.12mn in assets.
The Group discloses fixed fees, management fees and performance-based fees.
CRESSET ASSET MANAGEMENT GROUP names 9 sub-advisers ABS GLOBAL INVESTMENTS, CHILTON INVESTMENT COMPANY, INC., CREDIT SUISSE PRIME SECURITIES SERVICES (USA) LLC, MORGAN STANLEY & CO. LLC, OAK HILL ADVISORS, L.P., PARAMETRIC PORTFOLIO ASSOCIATES, REGAN CAPITAL, VONTOBEL ASSET MANAGEMENT, INC., WALTER SCOTT & PARTNERS LIMITED to 6 different funds advised by the group. The Group has been named as the sub-adviser to 0 funds.