Mariner Investment Group is a fee-only firm headquartered in Harrison, New York. The firm offers investment advisory services to a range of institutional clients.
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Mariner Investment Group Background
Founded in 1992, Mariner specializes in fixed-income relative value and credit strategies, and the firm operates both in the U.S. and internationally. On an international level, the firm has offices in Europe and Asia. Mariner is a subsidiary of MIG Holdings, LLC which is fully owned by Mariner employee.
Mariner Investment Group Client Types and Minimum Account Sizes
As mentioned above, Mariner does not offer advisory services to individual clients. Instead, it offers advisory services to privately-offered pooled investment vehicles, corporate and public pension plans and foundation and plan sponsors.
The minimum account size for discretionary portfolio management and advisory services varies per investment strategy, and the firm hasn’t specified an exact minimum. However, the minimum investment amounts for private fund and securitized vehicle clients are specified in each fund or vehicle’s offering documents.
Services Offered by Mariner Investment Group
Mariner offers the following services:
- Portfolio management
- Selection of other advisors
- Investment strategies
- Rates relative value
- Credit relative value
- Securitized products
- Leveraged credit
- Infrastructure regulatory capital
Investment Philosophy
Mariner believes strongly in socially conscious investing, and the firm considers environmental, social and governance (ESG) risks before making any investment decisions. The firm may perform such analysis in addition to fundamental or technical analysis. In addition to the investment strategies mentioned earlier, the firm may also employ long/short, relative value and long-term strategies during its investment process.
Fees Under Mariner Investment Group
Mariner charges investment advisory fees based on client AUM, as well as fees based on the performance of an account. The firm’s fees are generally non-negotiable, but they may vary depending on a number of factors. These include the applicable investment strategy, any restrictions imposed on Mariner, the amount of assets invested, the timing of the investment or the relationship the client has with the firm.
The management fees for the private funds, also known as the Mariner Funds, are asset-based and typically range from 0% to 2% per year. These fees are generally payable monthly or quarterly in advance or arrears. The firm charges securitized vehicles fees up to 0.50% annually, and the fees remain constant throughout the life of the vehicle.
Performance-based fees range from 0% to 30%, and the rates are based on the increase in the net asset value of the client’s account.
What to Watch Out For
Mariner Investment Group has no disclosures on its SEC-filed Form ADV.
Mariner doesn’t provide investment advisory services to individuals, so you may want to consider other options while narrowing down your investment advisor search. Also note that the fact that the firm take performance-based fees is a potential conflict of interest. However, the firm is still a fiduciary and is legally obligated to act in the best interests of clients at all times.
Opening an Account With Mariner Investment Group
Mariner is headquartered in Harrison, New York, but the firm also has other offices in North America, Europe and Asia, so you can visit the firm in person to inquiring about opening an account. You can also call (914) 670-4300 or reach out online.
All information was accurate as of the writing of this article.
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