New Vernon Investment Management Llc
- Regulatory AUM
- $116M
- Discretionary
- $116M
- Clients
- 13
- Avg AUM / client
- $8.9M
- Accounts
- 11
- Employees
- 8
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Apr 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 10 | $113M | 97.9% |
| Other investment advisers | 2 | $0 | — |
| Corporations and other businesses | 1 | $2.4M | 2.08% |
Private funds (3)
Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $99.8M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| N. V. Financial Products Fund master | Hedge Fund | Cayman Islands | $60.0M | 48 |
| New Vernon Global Opportunity Master Fund Ltd master | Hedge Fund | Cayman Islands | $39.1M | 39 |
| New Vernon Global Fixed Income Fund Llc | Hedge Fund | Delaware | $671K | 14 |
People (5)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Zakaria, Arshad, Rafiq | Member | Nov 2004 (22y) | ≈ 18.75% – 50% via Nv Capital Holdings Ii, Llc | |
| Daniel Mark Shapiro | Member | Jul 2011 (15y) | 5% – 10% | |
| Shapiro, Nathan | Member | Jul 2011 (15y) | 5% – 10% | |
| Shapiro, Steven, Arthur | Managing Member | Jul 2011 (15y) | 5% – 10% | |
| Just, Gary, Alan | Chief Compliance Officer, Chief Financial Officer | May 2016 (10y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Nv Capital Holdings Ii, Llc | Member | Jul 2011 | A | 75% or more |
Undisclosed: 0% – 10% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Zakaria, Arshad, Rafiq: 25% – 50% of Nv Capital Holdings Ii, Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (3, $99.8M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| N. V. Financial Products Fund | Hedge Fund | $60.0M | $250K | 48 |
| New Vernon Global Opportunity Master Fund Ltd | Hedge Fund | $39.1M | $250K | 39 |
| New Vernon Global Fixed Income Fund Llc | Hedge Fund | $671K | $100K | 14 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/27/2026 | 1.54 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Fixed fees
- • Performance-based fees
- • Other fees
- • DISCRETIONARY BONUS
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Security ratings or pricing services
- • Other services
Custody
Reported custodians
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 27, 2026.
View current Form ADV (SEC/IAPD) ↗