SEC Filings

Boothbay Fund Management AUM doubled from $5.5B to $11.2B

Written by Radient AI | Jul 10, 2023 12:35:17 PM

Boothbay Fund Management, founded by Ari Glass in 2012, is an investment advisory firm that serves privately placed, unregistered investment vehicles or Funds. These Funds gather capital from various investors and allocate it to several Portfolio Managers, who may be either independent or Boothbay affiliates.

Some managers may have "first-loss" agreements, and Boothbay may have a financial stake in some of them. All managers actively manage their assigned assets, adhering to investment guidelines and trading restrictions outlined in their agreements. Boothbay ensures compliance with these regulations.

Between March 2022 and July 2023, significant shifts occurred at Boothbay Fund Management, as indicated in the form ADV filings. The total Assets Under Management (AUM) more than doubled, growing from $5.57 billion to over $11.21 billion, an increase of 101.24%. Meanwhile, the firm broadened its staff size from 19 to 28. Despite these changes, the total number of accounts managed remained consistent at 9.

Executive Board:

Two executives were removed: Peter Bremberg, who was the Chief Operating Officer, Daniel Lev Bloom, the Chief Financial Officer and Chief Compliance Officer, all removed on March 29, 2022.

In replacement, two new direct owners were added. Dov Steven Lando, the new General Counsel, and Charles Michael Weaver, the new Chief Operating Officer.

Several modifications were disclosed for its private funds: 

BOOTHBAY ABSOLUTE RETURN STRATEGIES, LP

  • Gross Asset Value increased from old: 3691308000 to new: 6869871000.
  • Number of Beneficial Owners increased from old: 340 to new: 415.
  • Approximate percentage beneficially owned by related persons decreased from old: 7% to new: 6%.
  • Approximate percentage beneficially owned (in the aggregate) by funds of funds increased from old: 10% to new: 21%.
  • Approximate percentage beneficially owned by non-United States persons increased slightly from old: 11% to new: 12%.
  • A private feeder fund was added on 2020-02-07: BOOTHBAY ABSOLUTE RETURN STRATEGIES OFFSHORE, LTD.

BOOTHBAY DIVERSIFIED ALPHA MASTER FUND LP

  • Gross Asset Value increased from old: 1738922800 to new: 4175353900.
  • Number of Beneficial Owners increased slightly from old: 171 to new: 175.
  • Approximate percentage beneficially owned (in the aggregate) by funds of funds increased from old: 21% to new: 26%.
  • Approximate percentage beneficially owned by non-United States persons decreased slightly from old: 12% to new: 10%.
  • Two private feeder funds were added on 2020-02-07: BOOTHBAY DIVERSIFIED ALPHA FUND LP and BOOTHBAY DIVERSIFIED ALPHA FUND LTD.