The PASSAIC PARTNERS is a privately held investment adviser that advises $2.24Bn in regulatory assets under management held in 2 SEC fund types across 3 investment strategies. PASSAIC PARTNERS is a SMA An SMA manager is a manager whose >=75% of total assets under management are in separately managed accounts, which are discretionary client-specific accounts rather than pooled vehicles. Manager. Assets increased by 7.55% over the last 4-years.
The Group has been registered with the SEC for 5.24 years and is comprised of 1 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 110 EDISON PLACE SUITE 304, NEWARK, NEW JERSEY. The Group has not been subject to regulatory enforcement actions. They are regulated by 2 US and Non-US bodies.
They have 9 employees comprised of 3 investment and 6 non-investment staff. The total number of Employees increased by 12.5% over the last 4-years.
Their $2.24Bn in assets advised are owned by 5 private funds, 0 public funds and BDCs and 10 other accounts. Assets of Pension and Profit Sharing Plans-Private clients own $1.01Bn or 45.32% of Total Assets and Pooled Investment Vehicles (Not IC or BDC) own $429.15mn or 19.18% of Total Assets.
The Group's top investment strategies include Derivatives, Multi Strat and Long/Short Equity, representing 57.5%, 42.5% and 0% of total assets, respectively.
They advise 2 types of clients, top clients are Pension and Profit Sharing Plans-Private and Pooled Investment Vehicles (Not IC or BDC).
The Group uses 1 Fund Administrators, 1 Fund Auditors, 2 Prime Brokers, 2 Custodians and 0 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses management fees.
PASSAIC PARTNERS names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 2 funds.