Seelaus Asset Management, LLC, a leading investment management firm, filed its most recent ADV on June 26, 2023, revealing some significant changes within the firm over the period from March 2022 to June 2023.
The firm disclosed an increase in its total assets under management (AUM) from $856.67 million to $1.07 billion, marking a growth of 25.12%. Despite this robust expansion, the total number of accounts managed by the firm saw a slight decrease from 537 to 526.
The firm continued to employ 29 individuals, maintaining a steady employee count throughout this period.
The company's primary clients are corporations and other businesses not listed above, which represent 48.52% of the firm's AUM. Seelaus Asset Management currently oversees 6 active private funds, accumulating a total gross asset value of $124.83 million. Moreover, the firm's most recent 13F filing discloses a market value of $132.61 million.
A significant development was the removal of the private fund Seelaus Credit Opportunities Offshore Fund Ltd' from its portfolio.
In terms of personnel changes, Joanne Kyne Seelaus was removed as an owner of R. Seelaus & Co Inc. in March 2023. Furthermore, Benjamin Patrick Seelaus and Richard Paul Seelaus were both removed as managing members of Seelaus Holdings LLC on the same date.
In a notable appointment, Mayya NMN Molchan joined the firm in 2023 as the Chief Financial Officer and Elected Manager.