Rising Tide Fund Managers, LLC (San Francisco)

Name: Rising Tide Fund Managers, LLC
Address: 44 Tehama Street, San Francisco, CA, 94105
Telephone: 650-486-2444

Rising Tide Fund Managers, LLC is a large advisory firm based in San Francisco. It manages $412.76 million of regulatory assets for 15 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of California.

Rising Tide Fund Managers 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.

Rising Tide Fund Managers: assets under management

The assets under management (AUM) of Rising Tide Fund Managers, LLC is $412.76 million. The firm's AUM has grown by 17% since the beginning of its operation, and $1.43 million of the total AUM is attributable to clients outside of the United States.

The firm manages $109.27 million in discretionary accounts and $303.49 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $9.11 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $101.16 million.

Rising Tide Fund Managers has custody of $412.76 million in cash and securities for 15 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Rising Tide Fund Managers, 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 Rising Tide Fund Managers serves?

The only and largest group of clients of Rising Tide Fund Managers is pooled investment vehicles with 15 clients and $412.76 million of assets under management. Among the 11 most similar advisory firms, Rising Tide Fund Managers has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $412.76 million for 15 clients. 13% of the firm’s clients are foreign persons or businesses.

Rising Tide Fund Managers also advises several private funds. Namely, fifteen venture capital funds. The minimum investment commitment required of non-related persons ranges from $0 to $10,000,000.

Careers at Rising Tide Fund Managers, LLC

The company employs 9 people that are either part- or full-time employees. 89 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ossama Hassanein	Managing director (of rising tide & newbury ventures)	1 Oct 2000	50% - 75%	6035481
Bruce John Bauer	Managing director (of newbury ventures)	1 Oct 2000	50% - 75%	6035483
Joseph Peter Kell	Chief financial officer and chief compliance officer (of rising tide & newbury ventures)	1 Jan 2010	Other	6035482
Tamer Ossama Hassanein	Managing director (of rising tide)	1 Feb 2014	50% - 75%	6341418

Based in San Francisco

The principal office where Rising Tide Fund Managers, LLC performs its advisory services is located at 44 Tehama Street, San Francisco, CA 94105, which is also the mailing address of the firm. An additional office of the firm is in Menlo Park, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 650-486-2444 or by fax 650-595-2442. The normal business hours are 9am - 5pm on Monday - Friday. You can find more information about the New York firm at newburyventures.com.