Banyan Tree Asset Management, LLC

Banyan Tree Asset Management, LLC, established in August 2013 by Kenneth Naehu, is an SEC-registered investment adviser specializing in fixed income investment management for ultra-high net worth individuals and institutions. The firm offers discretionary management of fixed income portfolios tailored to each client's unique needs and objectives, with a focus on preserving principal and achieving above-market rates of return. Clients typically have assets allocated to fixed income and engage BTAM to manage them. The firm may use leverage in pursuing its investment strategy, including margin transactions and short sales. BTAM managed discretionary assets of $1,013,708,995 as of December 31, 2024. The fee structure is based on a percentage of assets under management, with fees assessed quarterly and in arrears. The standard fee schedule ranges from 0.50% to 0.40% based on the amount of assets managed. Clients generally authorize direct payment of fees from their accounts, but direct invoicing is also available. The firm does not charge performance-based fees and primarily serves high-net worth individuals and institutions, imposing a $20,000,000 minimum account size. Investment strategies include Core Fixed Income, Short Duration, Opportunistic, and Hedging strategies, with a focus on active management to maximize tax efficiency and income while limiting risk. Clients have investment discretion, and accounts are monitored and reviewed regularly. Kenneth Naehu and Brian Goldberg are the principal owners and managing directors of BTAM, with no disciplinary actions on record. They are affiliated with Banyan Tree Securities, LLC, a FINRA-member broker-dealer. The firm's custody practices ensure client assets are held separately at qualified custodians, with BTAM having discretion over pooled investment vehicles. Clients are encouraged to review custodial statements and verify fee calculations. The firm's compliance policies and procedures are overseen by Anny Choe, the Chief Operating Officer.