Overview
Marvin & Palmer Associates is an investment advisory firm that was founded in 1986. We offer
equity management services that focus primarily upon U.S. Equities through three strategies: a basic
strategy of remaining fully invested except in times of economic distress; an endowment strategy
having the ability to enter and exit the market based upon our expectations about market performance;
and a global opportunities strategy featuring a more concentrated portfolio that gains exposure to
global markets opportunistically through ADRs and ETFs. We do not provide other types of advisory
services. Our headquarters are in Wilmington, Delaware. We are primarily employee-owned. All our
portfolio managers are principals in our firm. The majority of the outstanding shares are owned by Mr.
David Marvin.
We are able to tailor our services to our clients’ needs. Clients may impose restrictions on
investing in certain securities or types of securities.
We provide investment advisory services to our clients whom we bill for our services based on
a percentage of assets under management. In certain circumstances, fees are also based, in part, upon
the performance of the client’s portfolio under management. Such investment advisory services
represent the majority of our business.
Marvin & Palmer Associates does not provide "financial planning" services.
We have formed the Marvin & Palmer U.S. Equity, L.P. (the "U.S. Partnership") and the Marvin
& Palmer Global Opportunities Fund (the “Global Opportunities Fund” and, together with the US
Partnership, the “Investment Entities”), investment entities for which we make the
investment decisions.
The Investment Entities are based in the United States. They invest in publicly traded equity securities
that we have identified, in our capacity as general partner and/or adviser, as having the potential for
increasing in value. Their portfolios are diversified. Cash balances may be held as cash, placed in
interest bearing accounts or invested in U.S. securities that are cash equivalents. Third-party vendors
provide certain administrative services to the Investment Entities, such as the maintenance of its books
and records, for which the Investment Entities pay. Certain of our officers, directors, Advisory Board
members and employees are investors in the Investment Entities. We may form additional investment
funds in the future, and we may close existing funds.
Marvin & Palmer Associates is organized as a Delaware corporation and was registered with the
SEC under the Investment Advisers Act of 1940 on July 21, 1986.
In January 2013 Marvin & Palmer Associates formed MPA Capital Management LLC ("MPA
Capital Management"), an affiliate. MPA Capital Management is the investment manager of MPA Asia
Fund LP and MPA Asia Master Fund Ltd. (collectively, the "Asia Funds"). Marvin & Palmer Associates is
the managing member of MPA Capital Management. Marvin & Palmer Associates and MPA Capital
Management occupy the same principal office. MPA Capital Management is registered as an investment
adviser under the Investment Advisers Act of 1940.
As of December 30, 2023 we managed 155.4 million on a discretionary basis and $1.7 million
on a non-discretionary basis.