SIT FIXED INCOME ADVISORS II, LLC
Adviser information for SIT FIXED INCOME ADVISORS II, LLC last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Limited Liability Company |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 72 |
|---|---|
| Investment Advisory/Research | 36 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 0 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 165 | $12.2B |
| Non-Discretionary | 3 | $121.7M |
| Total | 168 | $12.3B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | <5 | $0 |
| HNW Individuals | 20 | $212.6M |
| Banking or thrift institutions | <5 | $0 |
| Investment companies | 1 | $485.4M |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 27 | $1.9B |
| Pension and profit sharing plans | 7 | $1.2B |
| Charitable organizations | 30 | $3.5B |
| State or municipal gov entities | 5 | $1.2B |
| Other investment advisers | <5 | $0 |
| Insurance companies | 25 | $3.7B |
| Sovereign wealth funds and foreign official institutions | <5 | $0 |
| Corporations or other businesses | 6 | $207.0M |
| Other | 0 | $0 |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 0 |
| No. of Non-U.S. Clients | 5 |
Services
| Advisory Services | Portfolio management for individuals and/or small businessesPortfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clients |
|---|---|
| Compensation | % of AUMPerformance-based fees |
| Other Business Activities | Commodity pool operator or commodity trading advisor |
Identifiers
| SEC RIA File Number | 801-55201 |
|---|---|
| SEC ERA File Number | 801-55201 |
| SEC CIK Numbers | None |
| SEC CRD Numbers | 108271 |
| Legal Entity Identifier | 254900SYD4HP8THYWL27 |
Principal Office
3300 IDS CENTER80 SOUTH 8TH STREET
MINNEAPOLIS
MN
United States
Monday - Friday, 8 AM TO 5 PM
Tel: 612-332-3223, Fax: 612-344-1210
Websites
Chief Compliance Officer
PAUL RASMUSSEN
VICE PRESIDENT
3300 IDS CENTER
80 SOUTH EIGHTH STREET
MINNEAPOLIS
MN
United States
Tel:
612-332-3223
Fax:
612-344-1210
P**@************M
(Full email address available in API data)
Regulatory Contact
KELLY BOSTON
STAFF ATTORNEY
3300 IDS CENTER
80 SOUTH EIGHTH STREET
MINNEAPOLIS
MN
United States
Tel:
612-332-3223
Fax:
612-344-1210
K**@************M
(Full email address available in API data)
Industry Affiliates
| SIT INVESTMENT ASSOCIATES, INC | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| SIT ALPHA II BOND FUND, LTD. | Hedge Fund | $556.4M | $1.0M | 4 |
| SIT ALPHA III BOND FUND, LTD. | Hedge Fund | $31.0M | $1.0M | 3 |
| SIT BOND PORTFOLIO, L.P. | Hedge Fund | $313.6M | $1.0M | 18 |
| SIT CUSTOM ALPHA FUND, L.P. - SERIES A | Hedge Fund | $44.8M | $1.0M | 40 |
| SIT CUSTOM ALPHA FUND, L.P. - SERIES B | Hedge Fund | $1.0M | $1.0M | 1 |
| SIT CUSTOM ALPHA FUND, L.P. - SERIES C | Hedge Fund | $6.6M | $1.0M | 1 |
| SIT CUSTOM ALPHA FUND, L.P. - SERIES E | Hedge Fund | $26.3M | $1.0M | 2 |
| SIT CUSTOM ALPHA FUND, L.P. - SERIES F | Hedge Fund | $11.2M | $1.0M | 4 |
| SIT CUSTOM ALPHA FUND, L.P. - SERIES G | Hedge Fund | $5.6M | $1.0M | 6 |
| SIT CUSTOM ALPHA FUND, L.P. - SERIES H | Hedge Fund | $3.0M | $1.0M | 1 |
| SIT ENERGY RETURN PLUS FUND, LLC | Hedge Fund | $4.9M | $1.0M | 2 |
| SIT MINNESOTA MUNICIPAL BOND FUND, LLC | PRIVATE INVESTMENT FUND WITH REDEMPTION OPPORTUNITIES THAT INVESTS IN PUBLICLY TRADED FIXED INCOME MN MUNICIPAL SECURITIES. | $7.4M | $1.0M | 5 |
| SIT MUNICIPAL OPPORTUNITY BOND FUND, LLC | Hedge Fund | $15.3M | $1.0M | 9 |
| SIT OFFSHORE CUSTOM ALPHA FUND, SPC - SEGREGATED PORTFOLIO A | Hedge Fund | $9.5M | $1.0M | 2 |
| SIT OFFSHORE CUSTOM ALPHA FUND, SPC - SEGREGATED PORTFOLIO B | Hedge Fund | $1.6M | $1.0M | 2 |
| SIT OFFSHORE CUSTOM ALPHA FUND, SPC - SEGREGATED PORTFOLIO C | Hedge Fund | $23.3M | $1.0M | 2 |
| SIT OPPORTUNITY BOND FUND, LLC | Hedge Fund | $64.1M | $1.0M | 34 |
| SIT SHORT DURATION GOVERNMENT FUND, LLC | PRIVATE INVESTMENT FUND WITH REDEMPTION OPPORTUNITIES THAT INVESTS IN PUBLICLY TRADED FIXED INCOME SECURITIES. | $21.3M | $1.0M | 3 |
| SIT TARGETED OPPORTUNITY FUND, LLC | PRIVATE INVESTMENT FUND WITH REDEMPTION OPPORTUNITIES THAT INVESTS IN PUBLICLY TRADED FIXED INCOME SECURITIES. | $191.0M | $1.0M | 49 |
| SIT TOTAL RETURN BOND FUND, LLC | PRIVATE INVESTMENT FUND WITH REDEMPTION OPPORTUNITIES THAT INVESTS IN PUBLICLY TRADED FIXED INCOME SECURITIES. | $65.8M | $1.0M | 16 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| SIT INVESTMENT ASSOCIATES, INC | Domestic Entity | – | UNIT HOLDER | 12/1997 | 50-75% |
| RASMUSSEN, PAUL, EDWARD | Individual | – | VICE PRESIDENT, SECRETARY, CHIEF COMPLIANCE OFFICER | 12/1997 | < 5% |
| SIT, ROGER, J | Individual | – | CHAIRMAN AND CEO | 07/2008 | < 5% |
| GAIL V. SIT FAMILY TRUST | Domestic Entity | SIT INVESTMENT ASSOCIATES, INC. | SHAREHOLDER | 06/2008 | 25-50% |
| DOTY, BRYCE, ALAN | Individual | – | SENIOR VICE PRESIDENT, SENIOR PORTFOLIO MANAGER | 06/2013 | 5-10% |
| Jungquist, Paul, Jerome | Individual | – | VICE PRESIDENT, SENIOR PORTFOLIO MANAGER | 12/2015 | 5-10% |
| BOOK, MARK, H | Individual | – | VICE PRESIDENT AND PORTFOLIO MANAGER | 06/2002 | 5-10% |