Duet Asset Management Ltd. (London)

Name: Duet Asset Management Ltd.
Address: 27 Hill Street, London, W1 J 5 Lp
Telephone: 44-20-7290-9800

Duet Asset Management Ltd. is a large advisory firm based in London. It manages $364.95 million of regulatory assets for 20 client accounts. It has been registered with the SEC as an adviser since 2006.

Duet Asset Management 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.

Duet Asset Management: assets under management

The assets under management (AUM) of Duet Asset Management Ltd. is $364.95 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -22% since the beginning of its operation, and $363.99 million of the total AUM is attributable to clients outside of the United States.

The firm manages $364.95 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $18.25 million each.

Investments

The firm invests in exchange traded securities the most. They account for 86% of the total AUM. The second-largest asset type is sovereign bonds, which make up 9% of the firm’s portfolio. Investments in cash and cash equivalents form 5% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Duet Asset Management Ltd. 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 Henry Isak Gabay serves?

The only and largest group of clients of Henry Isak Gabay is pooled investment vehicles with 16 clients and $191.55 million of assets under management. Among the 10 most similar advisory firms, Duet Asset Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $191.55 million for 16 clients. 85% of the firm’s clients are foreign persons or businesses.

Duet Asset Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $1,000,000.

Careers at Duet Asset Management Ltd.

The company employs 22 people that are either part- or full-time employees. 23 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.

Henry Isak Gabay has been acting as President since 1 Jan 2002. Reynolds Gary Paul joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Duet Holding Sa	Equity owner	1 Jan 2002	75% - 100%	foreign
Henry Isak Gabay	Director	1 Jan 2002	Other	2359644
Duet Holding	Equity owner	1 Jan 2002	75% - 100%	foreign
Henry I Gabay	Chief executive officer, director	1 Jan 2002	Other	2359644
Alain Schibl	Head of compliance, director	1 Jan 2002	Other	5141100
Alain Ludwig Schibl	Director	1 Jan 2002	Other	5141100
Jason Mcnab	Director	1 Nov 2002	Other	5141104
Jason Mark Robert Mcnab	Director	1 Nov 2002	Other	5141104
Franck Sylvain	Equity owner, director	1 Mar 2004	25% - 50%	5141103
Franck Pierre David Sylvain	Equity owner, director	1 Mar 2004	25% - 50%	5141103
David William Moore	Director	1 Apr 2005	Other	2537637
Mark Gretton	Director	1 Oct 2005	Other	5141102
Mark Philip Gretton	Director	1 Oct 2005	Other	5141102
Osman Semerci	Director, ceo	1 Apr 2008	Other	2249838
Clive John Smalley	Chief financial officer	1 Jun 2008	Other	5841853
Tue Sando	Chief legal officer & chief compliance officer	1 Dec 2008	Other	5841852
Polat Tayfun Ozturk	Chief operating officer	1 Aug 2011	Other	6048876
Matthew Alexander Sinclair Rae	Chief compliance officer	1 Feb 2014	Other	6140688
Simon Goodman	Chief operating officer	1 Feb 2014	Other	6314100
Amit Navinchandra Haria	Chief financial officer	1 Feb 2014	Other	6632180
Amit Haria	Cheif financial officer	1 Feb 2014	Other	6632180
Graeme Robert Pollok	Chief compliance officer	1 Sep 2015	Other	6558827
Andrew Stewart Case	Chief compliance officer/group general counsel	1 Dec 2015	Other	6595834
Andrew Case	Chief compliance officer/group general counsel	1 Dec 2015	Other	6595834
Reynolds Gary Paul	Chief operating officer	1 Jul 2017	Other	6845705

Indirect Owners

The SEC currently registers 6 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Compagnie Financiere Smyrna	Equity owner	1 Jan 2002	75% - 100%	foreign
Henry Isak Gabay	Equity owner	1 Feb 2010	50% - 75%	2359644
Duet Group Limited	Equity owner	1 Feb 2010	75% - 100%	98-0639821
Duet Smyrna Limited	Equity owner	1 Feb 2010	75% - 100%	1559619
Alain Ludwig Schibl	Equity owner	1 Feb 2010	25% - 50%	5141100
Osman Semerci	Equity owner	1 Feb 2010	25% - 50%	2249838

Based in London

The principal office where Duet Asset Management Ltd. performs its advisory services is located at 27 Hill Street, London, W1 J 5 Lp, which is also the mailing address of the firm. The firm also has an office outside of the United States.

You can reach the main office by calling the phone number 44-20-7290-9800 or by fax 44-20-7491-9905. The normal business hours are 8:30-5:30 on Monday - Friday. You can find more information about the New York firm at duetgroup.net/.