{ "crd_number": 108180, "slug": "advantage-advisers-management-llc-new-york-ny-108180", "primary_business_name": "ADVANTAGE ADVISERS MANAGEMENT, LLC", "legal_name": "ADVANTAGE ADVISERS MANAGEMENT, LLC", "dbas": [], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "1998-07-31", "years_registered": 28, "period": "2026-10-01", "filing_date": "2026-05-01", "carried_forward": false, "raum_total": 468798213.0, "raum_discretionary": 468798213.0, "raum_non_discretionary": 0.0, "raum_band": "100m_500m", "raum_band_label": "$100 million to $500 million", "total_employees": 18, "advisory_employees": 4, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 468798213.0, "count": 1 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 8, "states_registered": [], "websites": [], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108180", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" }, { "item": "11.D(2)", "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?" }, { "item": "11.D(4)", "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.E(1)", "question": "Has a self-regulatory organization (such as FINRA) or a commodities exchange ever found that the firm or an advisory affiliate made a false statement or omission?" }, { "item": "11.E(2)", "question": "Has a self-regulatory organization or a commodities exchange ever found that the firm or an advisory affiliate was involved in a violation of its rules, other than a minor rule violation under a plan the SEC approved?" }, { "item": "11.G", "question": "Is the firm or an advisory affiliate now the subject of a regulatory proceeding that could result in a yes answer to any part of 11.C, 11.D, or 11.E?" } ], "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/advantage-advisers-management-llc-new-york-ny-108180", "display_name": "Advantage Advisers Management, LLC", "summary": "Advantage Advisers Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1998, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated May 1, 2026.", "citation": "AdvisorCensus. Advantage Advisers Management, LLC (CRD 108180): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)" ], "quick_answers": [ { "q": "How is Advantage Advisers Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Advantage Advisers Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Advantage Advisers Management, LLC located?", "a": "Advantage Advisers Management, LLC's principal office is in New York, NY, according to its Form ADV." }, { "q": "Is Advantage Advisers Management, LLC registered with the SEC or a state?", "a": "Advantage Advisers Management, LLC is an SEC-registered investment advisory firm, registered since 1998. Status as filed: Approved. CRD 108180." }, { "q": "How much does Advantage Advisers Management, LLC manage?", "a": "Advantage Advisers Management, LLC reports $468,798,213 in regulatory assets under management in its Form ADV filing dated May 1, 2026 (100% discretionary)." }, { "q": "How have Advantage Advisers Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Advantage Advisers Management, LLC: Regulatory assets under management: $665,569,835 in the October 2021 data and $468,798,213 in the October 2026 data, down 30%. Total employees: 8 in October 2021 and 18 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Advantage Advisers Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (1)." }, { "q": "Does Advantage Advisers Management, LLC report any disciplinary disclosures?", "a": "Reports 8 disclosure items on Form ADV Item 11: yes answers to 8 questions about regulatory matters (11.C(2), 11.C(4), 11.C(5), 11.D(2), 11.D(4), 11.E(1), 11.E(2), 11.G). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/108180" }, { "q": "What changed in Advantage Advisers Management, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $277,667,950 to $468,798,213 (+69%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 665569835.0, "total_employees": 8, "filing_date": "2021-03-29" }, { "period": "2022-10-01", "regulatory_assets_under_management": 377625543.0, "total_employees": 8, "filing_date": "2022-09-09" }, { "period": "2023-10-01", "regulatory_assets_under_management": 301469559.0, "total_employees": 18, "filing_date": "2023-05-05" }, { "period": "2024-10-01", "regulatory_assets_under_management": 237342852.0, "total_employees": 18, "filing_date": "2024-06-24" }, { "period": "2025-10-01", "regulatory_assets_under_management": 277667950.0, "total_employees": 18, "filing_date": "2025-07-14" }, { "period": "2026-10-01", "regulatory_assets_under_management": 468798213.0, "total_employees": 18, "filing_date": "2026-05-01" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $277,667,950 to $468,798,213 (+69%)." ] }, { "period": "2025-11-01", "period_label": "November 2025", "notes": [ "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/advantage-advisers-management-llc-new-york-ny-108180.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 1, "fewer_than_5": false, "raum": 468798213.0 } ], "disclosure_line": "Reports 8 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/108180", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }