![]() ![]() You can get in touch with Waterfall Asset Management by filling out the contact form provided on its website. Opening an Account With Waterfall Asset Management Keep in mind that Waterfall Asset Management is a fiduciary, which means it has a legal obligation to always act in the best interests of its clients. To the extent a particular investment is suitable for clients, such investment will be allocated on a basis which Waterfall believes is fair and equitable for all clients, based upon each client’s respective investment guidelines.” The firm’s Form ADV goes into more detail, stating, “Performance-based compensation may create an incentive for Waterfall to make investments that are riskier or more speculative than would be the case in the absence of a performance fee. One thing worth noting: for certain client accounts, Waterfall Asset Management may charge performance-based fees. Waterfall Asset Management has no disclosures of legal or regulatory events on its SEC-filed Form ADV, giving it a clean record. Many of the private funds that the firm works with pay quarterly fees of between 0.375% and 0.4375% of the value of their assets (or 1.5% to 1.75% annually). Fees Under Waterfall Asset ManagementĪdvisory fees at Waterfall Asset Management can vary in scope and size from one client to the next, so there is no set schedule of fees. Finally, the firm will conduct legal reviews and other due diligence before actually making investments. From there, the firm will conduct analyses to screen for securities with a higher ratio of credit support to expected credit loss. The firm generally starts its investment process by examining sectors in which issuers have been experiencing distress. Reducing downside risk related to unanticipated events by frequently evaluating collateral pool performance and proactively managing investment positions.Reducing market risks through conservative leverage and hedging strategies.Executing cash flow stress testing and due diligence.Developing trading ideas based on evaluating available information or negotiated transactions sourced from firm relationships or analyses.There are four key elements to the investment philosophy at Waterfall Asset Management, according to the firm’s Form ADV: Waterfall Asset Management Investment Philosophy These might include asset-backed securities, consumer and commercial performing and non-performing loans, residential and commercial mortgage-backed securities, privately negotiated new issue assets, small-balance commercial mortgage loans, investments in pools of loans and private equity. The firm specializes in investment advice regarding less conventional securities. Its private investment funds include private equity funds, hedge funds and real estate funds. The hallmark offering at Waterfall Asset Management is its investment management services, which it provides to private investment funds, separately managed accounts (SMAs), real estate investment trusts (REITs) and other institutional clients. Services Offered by Waterfall Asset Management However, the firm may waive this minimum at the discretion of the Fund's general partner of the Adviser. Waterfall Asset Management generally requires at least $1 million in investable assets from its clients. Half of its client base is comprised of pooled investment vehicles, which are the funds it manages, while the other half includes a range of investment companies, retirement plans, insurance companies, government entities and corporations. Waterfall Asset Management currently has a small client base, though its clients have quite large pools of investable assets. Waterfall Asset Management Client Types and Minimum Account Sizes ![]()
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