{"url":"https://nivawealth.com/firms/fermat-capital-management-134099","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/134099","regulatoryAum":11140188586,"crd":"134099","secFileNumber":"801-65497","legalName":"Fermat Capital Management, LLC","displayName":"Fermat Capital Management","website":"http://www.fermatcapital.com","founded":null,"organization":"Connecticut limited liability company","fiscalYearEnd":"December","headquarters":{"street":"615 Riverside Avenue","city":"Westport","state":"CT","stateName":"Connecticut","country":"United States","postalCode":"06880-5910"},"tradeNames":[],"registration":{"secApproved":"27 January 2006","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":47,"advisory":15,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":10051918329,"discretionaryAccounts":11,"nonDiscretionary":1088270257,"nonDiscretionaryAccounts":2,"wrapProgram":null,"nonUsClientsPct":88,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":5,"regulatoryAum":5245936791},{"label":"Insurance companies","clients":null,"regulatoryAum":777521257},{"label":"Sovereign wealth funds and foreign official institutions","clients":7,"regulatoryAum":5116730538}],"fees":[],"feeNotes":[],"custodians":[{"name":"J.P. Morgan Chase Bank, N.A.","shortName":"J.P. Morgan","location":"Brooklyn, NY","smaAssets":2292056184},{"name":"Citibank N.A. London","shortName":"Citibank N.A. London","location":"London","smaAssets":1972233364},{"name":"Bank of New York Mellon","shortName":"Bank of New York Mellon","location":"New York, NY","smaAssets":777521257}],"custodyNote":"Fermat Capital Management has custody of $5.21B for 3 clients.","otherCustodians":[],"leadership":[{"name":"Jeffrey Bates","title":"Chief Compliance Officer, Chief Operating Officer","crd":"3136882"},{"name":"Adam Dener","title":"Managing Principal","crd":"6553594"},{"name":"Claudia Green","title":"General Counsel","crd":"6176982"},{"name":"Brett Houghton","title":"Managing Principal","crd":"3096173"},{"name":"John Seo","title":"Managing Member","crd":"2341300"},{"name":"Nelson Seo","title":"Managing Member","crd":"4934595"}],"ownership":[{"label":"Nelson Seo","detail":"Managing member in the 50% to 75% ownership band and a control person, since October 2001."},{"label":"John Seo","detail":"Managing member in the 50% to 75% ownership band and a control person, since October 2001."}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":0,"privateResidences":0},"listedOfficeAddresses":1,"officesByState":[{"state":"Connecticut","offices":1,"addresses":[{"street":"615 Riverside Avenue","city":"Westport","headquarters":true}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"203-454-6800","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Cash and cash equivalents","percent":1},{"label":"Other","percent":99,"detail":"Insurance Linked Securities Which Are Fixed Income Or  Preferred Equity Type Instruments and Trade Receivables Which Are Short Term Instruments (less Than 365 Day Term) Bought at A Discount to Par."}],"privateFunds":1},"sources":{"adv1FilingDate":"26 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/134099/PDF/134099.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Fermat Capital Management have?","answer":"Fermat Capital Management has 12 clients and manages $11.1 billion for them, as of March 2026. They include 7 sovereign wealth funds and foreign official institutions and 5 pooled investment vehicles.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Fermat Capital Management offer?","answer":"Fermat Capital Management provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Fermat Capital Management use?","answer":"Fermat Capital Management’s separately managed account assets are held at J.P. Morgan Chase Bank, N.A. (Brooklyn, NY), with $2,292,056,184, Citibank N.A. London (London), with $1,972,233,364 and Bank of New York Mellon (New York, NY), with $777,521,257. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Fermat Capital Management have?","answer":"Fermat Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 47 employees, and 15 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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Fermat Capital Management invest in?","answer":"At the end of its last fiscal year, Fermat Capital Management’s separately managed accounts held 99% insurance linked securities which are fixed income or  preferred equity type instruments and trade receivables which are short term instruments (less than 365 day term) bought at a discount to par. and 1% cash and equivalents. It advises 1 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Fermat Capital Management?","answer":"Fermat Capital Management’s direct owners are Nelson Seo (50% to 75%) and John Seo (50% to 75%).","source":"Form ADV Part 1A, Schedules A and B, filed 26 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Fermat Capital Management get paid?","answer":"Fermat Capital 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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}