Bulldog Investors, LLC (Saddle Brook)

Name: Bulldog Investors, LLC
Address: Park 80 West Plaza Two, Saddle Brook, NJ, 07663
Telephone: 201-556-0092

Bulldog Investors, LLC is a large advisory firm based in Saddle Brook. It manages $398.23 million of regulatory assets for 52 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of California, Connecticut, Florida, and 3 other states.

Bulldog Investors provides portfolio management for individuals and small businesses, portfolio management for investment companies, and 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.

Bulldog Investors: assets under management

The assets under management (AUM) of Bulldog Investors, LLC is $398.23 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -33% since the beginning of its operation, and $3.02 million of the total AUM is attributable to clients outside of the United States.

The firm manages $398.23 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $7.66 million each.

Bulldog Investors has custody of $143.7 million in cash and securities for 46 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 70% of the total AUM. The second-largest asset type is investment and business development companies, which make up 16% of the firm’s portfolio. Investments in cash and cash equivalents form 13% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Bulldog Investors, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Bulldog Investors serves?

The firm provides services to individuals, insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Bulldog Investors is pooled investment vehicles with 7 clients and $195.58 million of assets under management. Among the 7 most similar advisory firms, Bulldog Investors has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $398.23 million for 51 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Bulldog Investors also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $100,000 to $250,000.

Careers at Bulldog Investors, LLC

The company employs 7 people that are either part- or full-time employees. 57 percent of the employees work as investment advisers or researchers. 4 employees are registered as investment adviser representatives with the state securities authorities.

There are 3 people 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Andrew (Nmn) Dakos	Member	1 Aug 2009	25% - 50%	4881082
Phillip Franklin Goldstein	Member	1 Aug 2009	25% - 50%	5711842
Steven Jay Samuels	Member	1 Aug 2009	25% - 50%	1001046
Stephanie Lynne Darling	Chief compliance officer	1 Mar 2012	Other	6039539

Based in Saddle Brook

The principal office where Bulldog Investors, LLC performs its advisory services is located at Park 80 West Plaza Two, Saddle Brook, NJ 07663, which is also the mailing address of the firm. An additional office of the firm is in Pleasantville, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 201-556-0092 or by fax 201-556-0097. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at bulldoginvestors.com.