Cross Sound Management LLC (Wilton)

Cross Sound Management LLC is a large advisory firm based in Wilton. It manages $177.78 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdiction of Connecticut.

Cross Sound 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.

Cross Sound Management: assets under management

The assets under management (AUM) of Cross Sound Management LLC is $177.78 million. The firm's AUM has grown by 23% since the beginning of its operation, and $156.55 million of the total AUM is attributable to clients outside of the United States.

The firm manages $173.21 million in discretionary accounts and $4.57 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $43.3 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $4.57 million.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cross Sound 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 Cross Sound Management serves?

The only and largest group of clients of Cross Sound Management is pooled investment vehicles with 5 clients and $177.78 million of assets under management. Among the 6 most similar advisory firms, Cross Sound Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $177.78 million for 5 clients. 60% of the firm’s clients are foreign persons or businesses.

Cross Sound Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Cross Sound Management LLC

The company employs 3 people that are either part- or full-time employees. 100 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 compensates 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
Sierentz Management Lp	Managing member	1 Oct 2015	75% - 100%	45-2675154
Arif Yakub Gangat	Manager / co-chief investment officer	1 Jun 2016	Other	2281847
David Matthew Dunn	Manager / co-chief investment officer	1 Jun 2016	Other	6672036
Helen Lovely Francis	Chief compliance officer	1 Jun 2016	Other	6672037

Indirect Owners

The SEC currently registers 5 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Sierentz Management Gp Llc	General partner	1 Jun 2011	Other	45-2747176
Sirene Management Inc.	Limited partner	1 Jun 2011	75% - 100%	45-2661832
Sirene Asset Management Ltd	Shareholder	1 Jun 2011	75% - 100%	45-3366100
The Star Of Kayalov Trust V	Member	1 Dec 2013	75% - 100%	foreign
Thomas Jules Schulz	Trustee	1 Jun 2016	Other	6675298

Based in Wilton

The principal office where Cross Sound Management LLC performs its advisory services is located at 10 Westport Road, Building C, Wilton, CT 06897, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 203-529-1680. The normal business hours are 8:00 am - 5:00 pm on Monday - Friday.