Northern Fund Management America LLC (Stamford)

Name: Northern Fund Management America LLC
Address: 100 First Stamford Place, Stamford, CT, 06902 6740
Telephone: 203-487-3434

Northern Fund Management America LLC is a large advisory firm based in Stamford. It manages $727.95 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of Connecticut.

Northern Fund Management America provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Northern Fund Management America: assets under management

The assets under management (AUM) of Northern Fund Management America LLC is $727.95 million. The firm's AUM has grown by 72% since the beginning of its operation, and $225.62 million of the total AUM is attributable to clients outside of the United States.

The firm manages $611.86 million in discretionary accounts and $116.1 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $152.96 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $58.05 million.

Northern Fund Management America has custody of $116.1 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Northern Fund Management America 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 Robert Sean Durkin serves?

The only and largest group of clients of Robert Sean Durkin is pooled investment vehicles with 6 clients and $727.95 million of assets under management. Among the 12 most similar advisory firms, Northern Fund Management America has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $727.95 million for 6 clients. 67% of the firm’s clients are foreign persons or businesses.

Northern Fund Management America also advises several private funds. Namely, six private equity funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Northern Fund Management America LLC

The company employs 17 people that are either part- or full-time employees. 59 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.

Robert Sean Durkin has been acting as President since 1 Sep 2008. Sybren Hoekstra joined the executive team most recently as the Shareholder Of Northern Fund Management Bermuda Ltd.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Sean Durkin	President	1 Sep 2008	Other	6031418
Northern Fund Management Bermuda Ltd.	Sole member	1 Sep 2008	75% - 100%	98-0704029
Christina Tan	Elected manager	1 Sep 2008	Other	6035462
Sybren Hoekstra	Senior investment manager	1 Feb 2012	Other	5064622
David Philip Berkowitz	Elected manager	1 Feb 2012	Other	2266988
Nfmb Holdings Ltd.	Shareholder of northern fund management bermuda ltd	1 Mar 2012	75% - 100%	98-1046297
Pavel A Chernyshov	Elected manager	1 Jun 2012	Other	4826627
Richard M Lemanski	Chief financial officer	1 Jan 2014	Other	1104496
Richard M Lemanski	Chief financial officer / chief compliance officer	1 Oct 2014	Other	1104496

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Nfmb Holdings Ltd	Shareholder of northern fund management bermuda	1 Mar 2012	75% - 100%	98-1046297
Robert Sean Durkin	Shareholder of nfmb holdings ltd	1 Aug 2017	25% - 50%	6031418
Sybren Hoekstra	Shareholder of nfmb holdings ltd	1 Aug 2017	25% - 50%	5064622
Sybren Hoekstra	Shareholder of northern fund management bermuda ltd	1 Oct 2017	25% - 50%	5064622
Robert Sean Durkin	Shareholder of northern fund management bermuda ltd	1 Oct 2017	25% - 50%	6031418

Based in Stamford

The principal office where Northern Fund Management America LLC performs its advisory services is located at 100 First Stamford Place, Stamford, CT 06902 6740, 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 203-487-3434 or by fax 646-805-1362. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at northernshippingfunds.com.