{
  "crd_number": 315593,
  "slug": "mudita-management-london-315593",
  "primary_business_name": "MUDITA MANAGEMENT",
  "legal_name": "MUDITA ADVISORS LLP",
  "dbas": [
    "MUDITA ADVISORS",
    "MUDITA MANAGEMENT"
  ],
  "city": "London",
  "state": null,
  "country": "United Kingdom",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2021-09-02",
  "years_registered": 5,
  "period": "2026-10-01",
  "filing_date": "2026-06-03",
  "carried_forward": false,
  "raum_total": 2383326953.0,
  "raum_discretionary": 2383326953.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "1b_5b",
  "raum_band_label": "$1 billion to $5 billion",
  "total_employees": 7,
  "advisory_employees": 5,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 104356238.0,
      "count": 3,
      "description": "SMA",
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 2278970715.0,
      "count": 5
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "portfolio_management_businesses_institutional",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 0,
  "states_registered": [],
  "websites": [
    "https://muditaadvisors.com"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/315593",
  "city_as_filed": "LONDON",
  "url": "https://advisorcensus.com/firm/mudita-management-london-315593",
  "display_name": "Mudita Management",
  "summary": "Mudita Management is an SEC-registered investment advisory firm in London, United Kingdom, registered since 2021, reporting $1 billion to $5 billion in regulatory assets under management in its Form ADV filing dated June 3, 2026.",
  "citation": "AdvisorCensus. Mudita Management (CRD 315593): 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)",
    "Portfolio management for businesses (other than small businesses) or institutional clients"
  ],
  "quick_answers": [
    {
      "q": "How is Mudita Management compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Mudita Management 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 Mudita Management located?",
      "a": "Mudita Management's principal office is in London, United Kingdom, according to its Form ADV."
    },
    {
      "q": "Is Mudita Management registered with the SEC or a state?",
      "a": "Mudita Management is an SEC-registered investment advisory firm, registered since 2021. Status as filed: Approved. CRD 315593."
    },
    {
      "q": "How much does Mudita Management manage?",
      "a": "Mudita Management reports $2,383,326,953 in regulatory assets under management in its Form ADV filing dated June 3, 2026 (100% discretionary)."
    },
    {
      "q": "How have Mudita Management's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Mudita Management: Regulatory assets under management: $319,675,598 in the October 2021 data and $2,383,326,953 in the October 2026 data, up 646%. Total employees: 5 in October 2021 and 7 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Mudita Management serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (5); other (3)."
    },
    {
      "q": "Which custodians does Mudita Management use?",
      "a": "Mudita Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Morgan Stanley & Co. LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Mudita Management 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/315593"
    },
    {
      "q": "What changed in Mudita Management's recent Form ADV filings?",
      "a": "In the July 2026 filing data: Employees performing advisory functions went from 4 to 5. Regulatory assets under management went from $1,256,540,335 to $2,383,326,953 (+90%)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 319675598.0,
      "total_employees": 5,
      "filing_date": "2021-07-30"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 657764204.0,
      "total_employees": 7,
      "filing_date": "2022-06-23"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 771841775.0,
      "total_employees": 6,
      "filing_date": "2023-06-28"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 1124378427.0,
      "total_employees": 6,
      "filing_date": "2024-05-17"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 1256540335.0,
      "total_employees": 6,
      "filing_date": "2025-05-23"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 2383326953.0,
      "total_employees": 7,
      "filing_date": "2026-06-03"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-07-01",
      "period_label": "July 2026",
      "notes": [
        "Employees performing advisory functions went from 4 to 5.",
        "Regulatory assets under management went from $1,256,540,335 to $2,383,326,953 (+90%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Morgan Stanley & Co. LLC",
      "name_as_filed": "MORGAN STANLEY & CO. LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/mudita-management-london-315593.md",
  "clients": [
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 5,
      "fewer_than_5": false,
      "raum": 2278970715.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": 3,
      "fewer_than_5": true,
      "raum": 104356238.0
    }
  ],
  "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/315593",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}