Van Eck Absolute Return Advisers Corporation (New York)

Name: Van Eck Absolute Return Advisers Corporation
Address: 666 Third Avenue, New York, NY, 10017 4033
Telephone: 212-293-2000

Van Eck Absolute Return Advisers Corporation is a large advisory firm based in New York. It manages $481.92 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Florida and New York.

Van Eck Absolute Return Advisers Corporation provides portfolio management for investment companies. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Van Eck Absolute Return Advisers Corporation: assets under management

The assets under management (AUM) of Van Eck Absolute Return Advisers Corporation is $481.92 million, all of which is managed in discretionary accounts. The firm's AUM has gone down by -65% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $481.92 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $160.64 million each.

Fees & Commissions

The advisory firm has a single stream of revenue. Clients pay Van Eck Absolute Return Advisers Corporation for their services and products based on a percentage of assets under management. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Derek Steven Vaneck serves?

The only and largest group of clients of Derek Steven Vaneck is investment companies with 2 clients and $481.92 million of assets under management. Among the 7 most similar advisory firms, Van Eck Absolute Return Advisers Corporation has the highest percentage of investment companies out of all clients.

The amount of regulatory assets under management is $481.92 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

Van Eck Absolute Return Advisers Corporation doesn't advise any private funds.

Careers at Van Eck Absolute Return Advisers Corporation

The company employs 178 people that are either part- or full-time employees. 5 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Derek Steven Vaneck has been acting as President since 1 Mar 1995. Jan Van Eck Trustee Jan F. Van Eck 2018 Grat joined the executive team most recently as the Shareholder.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Derek Steven Vaneck	Executive vice president/director	1 Mar 1995	Other	1535069
Van Eck Associates Corp.	Parent company	1 Jan 1997	75% - 100%	105080
Jan Frederick Vaneck	President and director	1 May 1997	Other	1695680
Bruce John Smith	Senior vice president, chief financial officer, treasurer, controller and director	1 May 1997	Other	1279698
Joseph Milton Foster	Vice president	1 May 1997	Other	4663743
Joseph James Mcbrien	Senior vice president and general counsel	1 Dec 2005	Other	2037820
Jonathan Rich Simon	Vice president and assistant secretary	1 Aug 2006	Other	5313394
Thomas Kevin Lynch	Vice president and chief compliance officer	1 Dec 2006	Other	2716791
Janet Squitieri	Vice president, global head of compliance and chief compliance officer	1 Sep 2013	Other	2947248
Jonathan Rich Simon	Vice president, general counsel, secretary and director	1 May 2014	Other	5313394
Irina Toyberman	Chief compliance officer	1 Sep 2017	Other	2748064
Francesco Michael Gozzillo	Chief compliance officer	1 Jan 2018	Other	2099916
Lee Robert Rappaport	Vice president, chief financial officer and treasurer	1 Jul 2018	Other	4682842

Indirect Owners

The SEC currently registers 7 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
John Carel Vaneck	Chairman, owner & director	1 Apr 1984	25% - 50%	452941
Jan Frederick Vaneck	President, director & owner	1 Jan 1988	50% - 75%	1695680
Derek Steven Vaneck	Executive vice president, director, owner & chief investment officer	1 Jul 1993	25% - 50%	1535069
Jan Van Eck Trustee Jan F. Van Eck 2016 Grat	Shareholder	1 Sep 2016	25% - 50%	xxx-xx-xxxx
Jan Van Eck Trustee Jan Van Eck 2016 Grat	Shareholder	1 Sep 2016	25% - 50%	xxx-xx-xxxx
Jan Van Eck Trustee Jan Frederick Van Eck Revocable Trust	Shareholder	1 Oct 2016	25% - 50%	xxx-xx-xxxx
Jan Van Eck Trustee Jan F. Van Eck 2018 Grat	Shareholder	1 Oct 2018	25% - 50%	xxx-xx-xxxx

Based in New York

The principal office where Van Eck Absolute Return Advisers Corporation performs its advisory services is located at 666 Third Avenue, New York, NY 10017 4033, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-293-2000 or by fax 212-293-2033. The normal business hours are 9 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at vaneck.com & hardassetsinvestors.com.