NET RETURN ASSET MANAGEMENT LLC other names

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Adviser Profile

As of Date:

03/27/2024

Adviser Type:

- Large advisory firm

Number of Employees:

3

of those in investment advisory functions:

1

Registration:

SEC, Approved, 3/30/2012

AUM:

587,613,965 4.36%

of that, discretionary:

587,613,965 4.36%

Private Fund GAV:

283,144,172 -49.71%

Avg Account Size:

195,871,322 4.36%

SMA’s:

NO

Private Funds:

3

Contact Info

212 xxxxxxx

Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
693M 594M 495M 396M 297M 198M 99M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

Solved 1.)The historical mean return to S&P500 is 10%. A | Chegg.com
03/24/2024

A hedge fund charges 2 plus 20%. The incentive fee is paid on the net return (if positive) after management fees have been subtracted. Use this ...

chegg.com

Monthly Hedge Fund Performance Review
02/26/2024

Macro funds monitored by Aurum's Hedge Fund Data Engine generated an average net return of 0.61% in January. All sub-strategy had positive returns, ...

aurum.com

Is Perma-Fix Environmental Services (PESI) a Stock Worth Waiting For?
02/13/2024

Long Cast Advisers, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. While the major indices saw double-digit gains in certain situations, the cumulative returns of the fund for the 4Q23 quarter (which ended on December 31, 2023) were -8%. Cumulative net returns were +10% for the […]

Insider Monkey

How Does the Resolute AI Acquisition Impact Research Solutions (RSSS)?
02/13/2024

Long Cast Advisers, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. While the major indices saw double-digit gains in certain situations, the cumulative returns of the fund for the 4Q23 quarter (which ended on December 31, 2023) were -8%. Cumulative net returns were +10% for the […]

Insider Monkey

Should You Hold Quest Resource Holding Corporation (QRHC) for the Long Term?
02/13/2024

Long Cast Advisers, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. While the major indices saw double-digit gains in certain situations, the cumulative returns of the fund for the 4Q23 quarter (which ended on December 31, 2023) were -8%. Cumulative net returns were +10% for the […]

Insider Monkey

Here’s Why CoreCard Corporation (CCRD) Detracted in Q4
02/13/2024

Long Cast Advisers, an investment management firm, released its fourth quarter 2023 investor letter, a copy of which can be downloaded here. While the major indices saw double-digit gains in certain situations, the cumulative returns of the fund for the 4Q23 quarter (which ended on December 31, 2023) were -8%. Cumulative net returns were +10% for the […]

Insider Monkey


Private Funds Structure

Fund Type Count GAV
Hedge Fund 3 $283,144,172

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Private Funds



Employees




Brochure Summary

Overview

The Adviser is an investment adviser with its principal place of business in New York, New York. The Adviser commenced operations as an investment adviser in 2006. Steven Yanis and Neil Crespi are the managing members of the Adviser (the "Managing Members") and have been since inception. The Managing Members each own an equal interest in the Adviser. The Adviser provides investment supervisory services on a discretionary basis to privately offered investment vehicles exempt from registration as investment companies under the Investment Company Act of 1940, as amended (the “1940 Act”), which are offered to sophisticated investors and institutional investors (“Investors”). Currently, the Adviser serves as the investment manager for two pooled investment vehicles, a Delaware limited partnership exempt from registration under Section 3(c)(7) of the 1940 Act (the “Partnership”) and a Cayman Islands exempted company exempt from registration under Section 3(c)(1) of the 1940 Act (the “Cayman Fund” and together with the Partnership, the "Funds of Funds" or individually, a “Fund of Funds”). The Funds of Funds primarily invest in other pooled investment vehicles (“Underlying Funds”). The Adviser also serves as the manager to a pooled investment vehicle (the “Feeder Fund”), which invests substantially all of its assets in the Hedge Fund (as defined below). The Funds of Funds and the Feeder Fund are collectively referred to in this Brochure as the “Funds”. With respect to the Feeder Fund, the term “Underlying Fund” shall mean the Hedge Fund and the term “Fund
Manager” shall mean Maplelane. The Adviser, in its capacity as managing member, provides non-advisory services to another privately offered investment vehicle, a Delaware limited liability company exempt from registration under Section 3(c)(7) of the 1940 Act, that invests primarily in equity securities and equity derivatives (the “Hedge Fund”). The Hedge Fund is not a client of the Adviser. The Adviser has engaged a third-party, Maplelane Capital, LLC, a Delaware limited liability company (“Maplelane”), to be the investment adviser to the Hedge Fund. The managing members of Maplelane are Leon Shaulov and Robert Crespi. Maplelane is solely responsible for managing the Hedge Fund’s investment portfolio. The Adviser does not exercise any investment discretion with respect to the Hedge Fund; provided, however, that the Adviser has the ability to terminate Maplelane as investment manager of the Hedge Fund. The Funds of Funds have investments in the Hedge Fund. The Adviser provides advice to the Funds based on the investment objectives and strategies set forth in the offering memorandum for each Fund. The Adviser does not tailor advisory services to the individual needs of Investors, and Investors may not impose investment restrictions on the Funds including investing in certain securities and other financial instruments or certain types of securities and other financial instruments. As of January 31, 2024, the Adviser had approximately $587,613,965 in regulatory assets under management on a discretionary basis and $0 on a non-discretionary basis.