Waterfall Asset Management offers investment advice on distressed and high-yield structured finance securities, including asset-backed securities and mortgage-backed securities. Waterfall provides these services to pooled investment vehicles, separately managed accounts, and co-investment vehicles. Waterfall has the authority to make investment decisions for clients, with any limitations outlined in their agreements. As of December 31, 2024, Waterfall managed over $12 billion in assets on a discretionary basis.
Fee Structure
Waterfall Asset Management primarily advises pooled investment vehicles and other institutional clients. Fees are determined between Waterfall and the client, varying based on factors like account size and asset types. Fees are generally deducted directly from the respective accounts or billed to the client. Waterfall may also waive or reduce management fees at its discretion. The firm may receive transaction fees related to investments, which are then remitted to the client.