Piton Investment Management, Lp

Piton Investment Management, LP is an investment advisory firm specializing in fixed-income investment management services for institutions, investment advisors, and high net worth individuals. Established in July 2015, the firm is 96% owned by Piton Management LLC. Piton tailors its services to individual client needs and allows clients to impose investment restrictions. The firm manages approximately $871 million in Regulatory Assets Under Management as of December 31, 2024. For discretionary management and sub-advised accounts, fees generally range between 0% and 1.0% of assets under management, charged in arrears. Piton offers consulting services with fees ranging from 0 to 1%, negotiable based on the nature of services provided. The firm also provides sub-advisory services for specific funds, such as the SupplySci Specialty Finance Fund. Piton does not receive performance-based fees and offers its services to institutional, individual, and high net worth clients. The minimum account size is negotiable, with a general requirement of $250,000. The firm reviews client accounts regularly and does not have custody of client assets. Clients can grant discretionary authority to manage securities accounts, subject to a written agreement. Piton's investment strategies focus on fixed-income securities, with a risk management approach considering interest rate, market, credit, currency, liquidity, and counterparty risks. The firm does not vote proxies on behalf of clients but has established policies for issuer-related corporate actions. Piton does not have any financial commitments impairing its ability to meet client obligations and has not been subject to bankruptcy proceedings.