{ "crd_number": 169302, "slug": "aterian-investment-management-lp-new-york-ny-169302", "primary_business_name": "ATERIAN INVESTMENT MANAGEMENT, LP", "legal_name": "ATERIAN INVESTMENT MANAGEMENT, LP", "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": "2014-01-02", "years_registered": 12, "period": "2026-10-01", "filing_date": "2026-03-31", "carried_forward": false, "raum_total": 1667827681.0, "raum_discretionary": 1667827681.0, "raum_non_discretionary": 0.0, "raum_band": "1b_5b", "raum_band_label": "$1 billion to $5 billion", "total_employees": 22, "advisory_employees": 17, "client_count_bucket": null, "clients_by_type": { "pooled_investment_vehicles": { "raum": 1667827681.0, "count": 7 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "FL", "NY" ], "websites": [ "https://aterianpartners.com", "https://linkedin.com/COMPANY/1352226/ADMIN" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/169302", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/aterian-investment-management-lp-new-york-ny-169302", "display_name": "Aterian Investment Management, LP", "summary": "Aterian Investment Management, LP is an SEC-registered investment advisory firm in New York, NY, registered since 2014, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated March 31, 2026.", "citation": "AdvisorCensus. Aterian Investment Management, LP (CRD 169302): 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 Aterian Investment Management, LP compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Aterian Investment Management, LP reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "Where is Aterian Investment Management, LP located?", "a": "Aterian Investment Management, LP's principal office is in New York, NY, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F)." }, { "q": "Is Aterian Investment Management, LP registered with the SEC or a state?", "a": "Aterian Investment Management, LP is an SEC-registered investment advisory firm, registered since 2014. Status as filed: Approved. CRD 169302." }, { "q": "How much does Aterian Investment Management, LP manage?", "a": "Aterian Investment Management, LP reports $1,667,827,681 in regulatory assets under management in its Form ADV filing dated March 31, 2026 (100% discretionary)." }, { "q": "How have Aterian Investment Management, LP's assets and staff changed since 2021?", "a": "In the Form ADV data for Aterian Investment Management, LP: Regulatory assets under management: $1,092,276,987 in the October 2021 data and $1,667,827,681 in the October 2026 data, up 53%. Total employees: 18 in October 2021 and 22 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Aterian Investment Management, LP serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (7)." }, { "q": "Does Aterian Investment Management, LP report any disciplinary disclosures?", "a": "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/169302" }, { "q": "Does Aterian Investment Management, LP state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 31, 2026 says: \"The Funds generally have a minimum investment amount of $5 million for third-party investors. Generally, investors must be “accredited investors” as defined under Regulation D of the Securities Act of 1933, and may also be required to be either “qualified purchasers” or “knowledgeable employees” as defined under the Investment Company Act. Aterian generally is permitted to waive such minimum investment amounts and qualification requirements.\"" }, { "q": "What changed in Aterian Investment Management, LP's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 16 to 17. Regulatory assets under management went from $1,980,225,074 to $1,667,827,681 (-16%)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1092276987.0, "total_employees": 18, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 2034014944.0, "total_employees": 23, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 2089784779.0, "total_employees": 27, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 2190548925.0, "total_employees": 29, "filing_date": "2024-03-30" }, { "period": "2025-10-01", "regulatory_assets_under_management": 1980225074.0, "total_employees": 21, "filing_date": "2025-03-28" }, { "period": "2026-10-01", "regulatory_assets_under_management": 1667827681.0, "total_employees": 22, "filing_date": "2026-03-31" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 16 to 17.", "Regulatory assets under management went from $1,980,225,074 to $1,667,827,681 (-16%)." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 31, 2026", "tiers": [], "flat_rate": null, "stated_range": null, "stated_maximum": null, "account_minimum": "$5,000,000", "account_minimum_may_be_waived": true, "minimum_annual_fee": null, "figures": [ { "label": "Account minimum", "statements": [ "Account minimum: $5,000,000 (the brochure says it may be waived or negotiated)" ], "quotes": [ "The Funds generally have a minimum investment amount of $5 million for third-party investors. Generally, investors must be “accredited investors” as defined under Regulation D of the Securities Act of 1933, and may also be required to be either “qualified purchasers” or “knowledgeable employees” as defined under the Investment Company Act. Aterian generally is permitted to waive such minimum investment amounts and qualification requirements." ] } ], "quotes": [ "The Funds generally have a minimum investment amount of $5 million for third-party investors. Generally, investors must be “accredited investors” as defined under Regulation D of the Securities Act of 1933, and may also be required to be either “qualified purchasers” or “knowledgeable employees” as defined under the Investment Company Act. Aterian generally is permitted to waive such minimum investment amounts and qualification requirements." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [], "custodians_note": null, "markdown_url": "https://advisorcensus.com/firm/aterian-investment-management-lp-new-york-ny-169302.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 7, "fewer_than_5": false, "raum": 1667827681.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "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/169302", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }