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Elm Ridge Management

Private funds

Briarcliff Manor, NYCRD 154508Updated

Elm Ridge Management is an investment adviser based in Briarcliff Manor, NY, registered with the SEC since 2023. It provides investment management. Its clients include pooled investment vehicles. Its regulatory assets under management total $155 million, as filed on 20 March 2026.

1
Clients
Not reported
AUM per individual client
2
Advisory staff
1
Offices

From Form ADV filed 20 March 2026SEC record

Services and clients

Elm Ridge Management provides portfolio management for pooled vehicles. The firm advises 1 private fund.

Elm Ridge Management reports 1 pooled investment vehicle. These counts refer to investment vehicles, rather than the individual investors in them. Of its assets, 100.0% ($155M across 1 account) are managed with discretion.

Clients and assets by client type
Clients1 client
Assets$155M
Share of clients and assets by client type
Client typeClientsAssets
Pooled investment vehicles100%100%
Client breakdown and activity details
Pooled investment vehicles
Clients
1
Regulatory AUM
$155M
AUM share
100.0%
Avg. per client
$155M

Total

Clients
1
Regulatory AUM
$155M
AUM share
100%
Avg. per client
$155M
Clients outside the U.S.
0%
Clients advised without assets under management last fiscal year
0
Private funds advised
1

Fees and minimums

Elm Ridge Management is paid through a percentage of assets under management and performance-based fees; its fees and minimums are set out in its brochures on the SEC website.

Ownership and people

Ronald Gutfleish owns 75% or more of Elm Ridge Management. The leadership team of Elm Ridge Management includes Chief Compliance Officer Sheetal Acharekar. It has 2 employees.

Leadership

  • Sheetal Acharekar
    Chief Compliance Officer/Portfolio Manager
  • Ronald Gutfleish
    Managing Member/Portfolio Manager

Staff

  • 2 employees
  • 2 in advisory functions
Who owns the firm
Elm Ridge Management, LLC· the adviser
  • Ronald Gutfleish

    Control person · since June 2006

    Owns 75% or more of Elm Ridge Management, LLC

Growth and acquisitions

Elm Ridge Management’s regulatory assets went from $149M (March 2024) to $155M (March 2026); clients were 1 in both filings and employees were 2 in both filings.

By annual filing
Measure
Figures from each annual filing
Elm Ridge Management figures from each annual Form ADV filing
FiledRegulatory AUMClientsEmployeesOffices
March 2026$155M121
March 2025$127M121
March 2024$149M121

Offices and registration details

Besides its headquarters, Elm Ridge Management has 0 offices, with 1 listed address in New York.

Listed office addresses in New York
Briarcliff Manor

New York · 1 listed address

  • 298 Scarborough RD, Briarcliff ManorHQ

Contact and registration details

Legal name
Elm Ridge Management, LLC
Headquarters
298 Scarborough RD, Briarcliff Manor, NY 10510
SEC file
801-128476
Structure
Delaware LLC
Fiscal year end
December

Custodians

Elm Ridge Management has custody of client assets.

Common questions

How many clients does Elm Ridge Management have?

Elm Ridge Management has 1 client and manages $155 million for them, as of March 2026. They include 1 pooled investment vehicle.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 20 March 2026

What services does Elm Ridge Management offer?

Elm Ridge Management provides portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Elm Ridge Management have?

Elm Ridge Management has 0 investment adviser representatives registered with state securities authorities, out of 2 employees, and 2 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Elm Ridge Management?

Elm Ridge Management’s direct owner is Ronald Gutfleish (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 20 March 2026

How does Elm Ridge Management get paid?

Elm Ridge Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

How do I contact Elm Ridge Management?

Elm Ridge Management’s main office is at 298 Scarborough RD, Briarcliff Manor, NY 10510. Its phone number is 914-250-1000. Its website is elmridgemanagement.com.

Source: Form ADV Part 1A, Item 1.F, filed 20 March 2026

Sources and methodology

  1. Form ADV Part 1A, amendment filed 20 March 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 154508.
  3. SEC registered adviser data, annual Form ADV amendments filed 20 March 2024 to 20 March 2026. Items 1.F and 5.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since. Disciplinary history is not yet shown here. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one.

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