# Aeref Management, LLC

> Aeref Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2023, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 31, 2026.

- CRD: 322495
- Filed as: AEREF MANAGEMENT, LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 31, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/322495
- AdvisorCensus page: https://advisorcensus.com/firm/aeref-management-llc-new-york-ny-322495

## Quick answers

**How is Aeref Management, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Aeref 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.

**Where is Aeref Management, LLC located?**
Aeref Management, LLC's principal office is in New York, NY, according to its Form ADV; the June 2025 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Aeref Management, LLC registered with the SEC or a state?**
Aeref Management, LLC is an SEC-registered investment advisory firm, registered since 2023. Status as filed: Approved. CRD 322495.

**How much does Aeref Management, LLC manage?**
Aeref Management, LLC reports $194,450,000 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary).

**How have Aeref Management, LLC's assets and staff changed since 2024?**
In the Form ADV data for Aeref Management, LLC: Regulatory assets under management: $25,750,000 in the October 2024 data and $194,450,000 in the October 2026 data, up 655%. Total employees: 31 in October 2024 and 20 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Aeref Management, LLC serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (2).

**Does Aeref Management, LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/322495

**What changed in Aeref Management, LLC's recent Form ADV filings?**
In the April 2026 filing data: Employees performing advisory functions went from 20 to 13. Regulatory assets under management went from $115,969,750 to $194,450,000 (+68%). No longer lists an office in Melville, NY. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Regulatory assets under management (Item 5.F)
- Total: $194,450,000
- Discretionary: $194,450,000
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Pooled investment vehicles (other than investment companies and business development companies) | 2 | $194,450,000 |

### Advisory services (Item 5.G)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2023 (2 years)
- Employees: 20 total, 13 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: NY
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the June 2025 filing
- Melville, NY

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2024 | $25,750,000 | 31 | September 30, 2024 |
| October 2025 | $115,969,750 | 31 | May 5, 2025 |
| October 2026 | $194,450,000 | 20 | March 31, 2026 |

Regulatory assets under management: $25,750,000 in the October 2024 data and $194,450,000 in the October 2026 data, up 655%.
Total employees: 31 in October 2024 and 20 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Employees performing advisory functions went from 20 to 13.
- Regulatory assets under management went from $115,969,750 to $194,450,000 (+68%).
- No longer lists an office in Melville, NY.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Aeref Management, LLC (CRD 322495): Form ADV filing data as of October 2026.