MERGANSER CAPITAL MANAGEMENT, LLC other names

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Adviser Profile

As of Date:

03/26/2024

Adviser Type:

- Large advisory firm
- An investment adviser (or subadviser) to an investment company

Number of Employees:

32 -3.03%

of those in investment advisory functions:

11

Registration:

SEC, Approved, 10/18/2013

AUM:

15,627,641,000 14.31%

of that, discretionary:

15,627,641,000 14.31%

GAV:

636,786,000 10.03%

Avg Account Size:

123,052,291 10.71%

% High Net Worth:

0.78% 100.00%

SMA’s:

YES

Private Funds:

5

Contact Info

617 xxxxxxx

Websites :
Client Types:

+

Advisory Activities:

+

Compensation Arrangments:

+

Reported AUM

Discretionary
Non-discretionary
15B 13B 11B 8B 6B 4B 2B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Recent News

MFS Corporate Bond Fund
03/19/2021

Prior to joining Eaton Vance in 2013, Mr. Peabody served as a credit research analyst with Merganser Capital Management (2010 - 2013) and as an analyst and trader with Emerson Investment Management (2004 - 2010). Mr. Turgel is a Vice President and senior ...

dividend.com


Private Funds Structure

Fund Type Count GAV
Other Private Fund 5 $636,786,000

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Private Funds



Employees




Brochure Summary

Overview

Firm Description Merganser is the successor to the business of Merganser Capital Management, Inc., which was founded in 1985. Merganser focuses on serving the fixed income investment needs of institutional and high-net worth individual clients. Merganser serves a diverse group of clients in a variety of disciplines nationwide including public and private pension plans, operating companies, Taft-Hartley plans, and endowment funds as well as defined contribution plans. Merganser’s advisory clients include institutions and high net worth individuals with separately managed accounts, private funds intended for sophisticated investors and institutional investors (the “Funds”) and investment companies registered under the Investment Company Act of 1940 (collectively, the “clients”). Principal Owners The principal owners of Merganser are the Gahan 2019 Descendants’ Trust and Jonathan M. Nelson indirectly through Providence Equity Capital Markets Merganser LLC, an affiliate of Providence Equity Partners L.L.C. (“Providence”), which together own approximately 84%. Employees own the remaining 16%. Providence is registered with the SEC as an investment adviser. The trustees of the Gahan 2019 Descendants’ Trust are Thomas J. Gahan (Special Investment Trustee), Dolores R. Gahan (Investment Trustee) and Michael J. Gahan (Independent Trustee). Please see “Other Financial Industry Activities and Affiliations” below for more information. Types of Advisory Services Clients choose Merganser to manage fixed income assets. Merganser provides its clients with discretionary account management services, which include management of accounts for which the Adviser has the authority
to direct investments without obtaining the consent of the client. Merganser’s advisory services consist of investigating, identifying and evaluating investment opportunities, structuring, negotiating and making investments on behalf of clients, managing and monitoring the performance of such investments and disposing of such investments. From time to time, Merganser may provide account management services where client consent is required prior to effecting transactions in securities for such client's account. Merganser assists clients in determining risk and return objectives and, in relation to a client's existing holdings, defining the asset configurations most likely to achieve these objectives, including identification of appropriate market sectors for investment. As of December 31, 2022, Merganser managed approximately $13,671 million in assets for approximately 123 clients, all of which is managed on a discretionary basis. Investment Management Agreement (“IMA”) Services are provided to clients in accordance with an IMA and/or the organizational documents of the applicable client. Each client’s investment guidelines, including its investment restrictions, and applicable fees are documented in the IMA. The IMA is provided to the client in writing and signed by both parties prior to the start of the relationship. Tailored Relationships The investment guidelines for each client are documented in each client’s IMA and/or organizational documents. Separately managed account clients may impose restrictions on investing in certain securities or types of securities after discussion with the Adviser. Agreements may not be assigned without client consent.