Verition Fund Management's AUM grew 40% to $43 B

Verition Fund Management LLC is an investment management company started in 2008, owned by Nicholas Maounis and family trusts. It operates various subsidiaries such as BraVera Asset Management LLC and Verition Advisors (Singapore) Pte. Ltd.

Verition manages several private funds, including the Verition Multi-Strategy Fund LLC and Verition International Multi-Strategy Fund Ltd., which pool resources to invest in the Verition Multi-Strategy Master Fund Ltd. and Verition Canada Master Fund Ltd., or they invest directly.

It also manages the Verition Partners Fund LLC and its offshore equivalent. The company trades a diverse range of securities, futures, derivatives, and other instruments using alternative investment trading strategies.

From March 2022 to July 2023, Verition Fund Management underwent significant changes as per their form ADV filings. The firm witnessed a growth in its employee base, expanding from 220 to 279 staff members.

Concurrently, the total assets under management (AUM) experienced a substantial increase of 40.78%, rising from $30.99 billion to $43.63 billion. The number of accounts managed by the firm retained at 7. 

Here are the key updates about the private funds managed by Verition Fund Management LLC:

Verition International Multi-Strategy Fund Ltd.

• Beneficial owners grew from 184 to 231.
• Gross asset value increased from $32.36M to $41.23M.
• Beneficial ownership by non-U.S. persons rose from 72% to 75%.
• Beneficial ownership by funds of funds decreased from 5% to 3%.
  
  

• Gross asset value decreased from $2.76M to $1.37M.

• Beneficial owners grew from 397 to 468.
• Gross asset value increased from $365.65M to $520.75M.
• Beneficial ownership by related persons fell from 6% to 4%.
• Beneficial ownership by non-U.S. persons rose from 40% to 47%.
• Beneficial ownership by funds of funds decreased from 7% to 5%.
  

Verition Multi-Strategy Master Fund Ltd.

• Beneficial owners grew from 397 to 468.
• Gross asset value increased from $30.57B to $43.03B.
• Beneficial ownership by related persons fell from 6% to 4%.
• Beneficial ownership by non-U.S. persons rose from 40% to 47%.
• Beneficial ownership by funds of funds decreased from 7% to 5%.
  

Verition Multi-Strategy Fund LLC

• Beneficial owners grew from 213 to 237.
• Gross asset value increased from $23.92M to $36.56M.
• Beneficial ownership by related persons fell from 13% to 11%.
• Beneficial ownership by funds of funds decreased from 9% to 8%.

Wayne Adam Lennon was recently added on the executive board at Verition Fund Management LLC as the Chief Compliance Officer.