Overview
OWS, a Delaware limited partnership, was founded in 2007 and registered with the SEC as an investment
adviser in June 2009. The Registrant is primarily owned by Mr. David Sherr. As of December 31, 2022,
the Registrant managed approximately $5.97 billion of net assets under management on a discretionary
basis on behalf of its clients.
The Registrant provides investment management services on a discretionary basis to institutional managed
account clients (“Managed Accounts”) and private investment funds (each a “Fund,” collectively, the
“Funds”, and together with the Managed Accounts, the “Clients”) which are available only to investors
who meet the definition of an “accredited investor” as the term is defined in the Securities Act of 1933
(“Securities Act”) and a “qualified purchaser” as the term is defined in the Investment Company Act of
1940 (“Company Act”). The Registrant currently provides advisory services to 7 affiliated fund structures,
5 of which are organized as master-feeders, and 2 Managed Accounts.
OWS specializes in providing its Clients with advice on asset-based credit investments. More specifically,
OWS Clients primarily invest
in residential mortgage-backed securities, non-performing/performing
residential whole loans, consumer/commercial asset-backed securities, collateralized loan obligation
securities, collateralized debt obligation securities, commercial mortgage-backed securities, corporate
securities, commercial mortgage loans, and consumer/commercial loans. The Registrant also offers liquid
market and relative value investment strategies. These investments may be executed directly, in securities
or whole loan form, or synthetically through derivatives.
OWS manages its Managed Accounts’ assets based on the individual objectives or investment policies of
each Managed Account. Managed Accounts may impose reasonable restrictions on their account based on
specific securities, security type, or industry type, among others. All objectives and restrictions shall be
contemplated in the Managed Account’s agreement with the Registrant. Investment advice is provided
directly to each Fund and not individually to the limited partners of the Funds. Additionally, investment
objectives and restrictions for the Funds are contemplated in the relevant governing documents.