Senvest Management, LLC (New York)

Name: Senvest Management, LLC
Address: 540 Madison Avenue, New York, NY, 10022
Telephone: 212-202-3250

Senvest Management, LLC is a large advisory firm based in New York. It manages $1.81 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and New York.

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

Senvest Management: assets under management

The assets under management (AUM) of Senvest Management, LLC is $1.81 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 24% since the beginning of its operation, and $1.81 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $1.81 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $226.23 million each.

Senvest Management has custody of $1.81 billion in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 51% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 24% of the firm’s portfolio. Investments in non-investment grade corporate bonds form 21% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Senvest Management, 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 Senvest Management serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Senvest Management is pooled investment vehicles with 7 clients and $1.68 billion of assets under management. Among the 10 most similar advisory firms, Senvest Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.81 billion for 8 clients. 75% of the firm’s clients are foreign persons or businesses.

Senvest Management also advises several private funds. Namely, three hedge funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $1,000,000.

Careers at Senvest Management, LLC

The company employs 26 people that are either part- or full-time employees. 46 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
Richard Ron Mashaal	Founder & co-chief investment officer	1 Apr 1997	50% - 75%	1567472
George Malikotsis	Chief financial officer	1 Apr 1997	Other	5361123
Brian Michael Gonick	Co-chief investment officer	1 Mar 2008	Other	1563853
Jefferson Northern Inc.	Shareholder	1 Jan 2012	25% - 50%	99-9999999
Alexander Prylucki	Chief operating officer	1 Jan 2014	Other	4298988
Harilaos Trahanas	Chief compliance officer	1 Mar 2016	Other	4890792
Robert Lorne Katz	Sr. managing director	1 Mar 2016	Other	3118603

Indirect Owners

The SEC currently registers 1 indirect owner.

Name	Entity	Date acquired	Ownership	Employer ID
Richard Ron Mashaal	Shareholder	1 Jan 2012	75% - 100%	1567472

Based in New York

The principal office where Senvest Management, LLC performs its advisory services is located at 540 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-202-3250 or by fax 212-489-1248. The normal business hours are 9am to 5pm on Monday - Friday. You can find more information about the New York firm at senvest.com.