Zazove Associates Llc
- Regulatory AUM
- $2.0B
- Discretionary
- $2.0B
- Clients
- 72
- Avg AUM / client
- $27.3M
- Accounts
- 72
- Employees
- 21
AUM over time
Annual snapshots from Form ADV filings · as of Apr 29, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 7 | $266M | 13.5% |
| Pension and profit sharing plans | 4 | $99.1M | 5.04% |
| State or municipal government entities | 1 | $159M | 8.11% |
| Insurance companies | 53 | $1.2B | 63.4% |
| Corporations and other businesses | 7 | $194M | 9.88% |
Private funds (5)
Reported in Form ADV Section 7.B.(1), filing of Apr 2024 · $286M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Zazove Hedged Convertible Fund, L.P. master | Hedge Fund | Cayman Islands | $133M | 9 |
| Zazove Investment Grade Blend Convertible Fund, L.P. | Hedge Fund | Delaware | $49.4M | 3 |
| Zazove Aggressive Growth Fund, L.P. | Hedge Fund | Cayman Islands | $42.9M | 12 |
| Zazove Convertible Securities Fund, L.P. | Hedge Fund | Delaware | $41.7M | 64 |
| Zazove Global Convertible Master Fund, L.P. master | Hedge Fund | Cayman Islands | $19.1M | 19 |
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Bricklayers Union Local No. 6 Of Indiana Pension F Board Of Trustees Bricklayers Union Local No. 6 Of Indiana Pension Fun | 2024 |
People (3)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Pretti, Gene, Thomas | Chief Executive Officer; Member | Mar 1989 (37y) | ≈ 56.25% – 100% via Zazove Associates, Inc. | |
| Ginocchio, Samuel, Nellis | Chief Compliance Officer | Jan 2023 (4y) | Less than 5% | |
| Shelby, Robert, Ryan | Managing Partner/Member | Jan 2023 (4y) | 10% – 25% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Zazove Associates, Inc. | Managing Member | Jan 1995 | A | 75% or more |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Pretti, Gene, Thomas: 75% – 100% of Zazove Associates, Inc. × 75% – 100% direct ≈ 56.25% – 100% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (5, $286M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Zazove Hedged Convertible Fund, L.P. | Hedge Fund | $133M | $1.0M | 9 |
| Zazove Investment Grade Blend Convertible Fund, L.P. | Hedge Fund | $49.4M | $1.0M | 3 |
| Zazove Aggressive Growth Fund, L.P. | Hedge Fund | $42.9M | $500K | 12 |
| Zazove Convertible Securities Fund, L.P. | Hedge Fund | $41.7M | $500K | 64 |
| Zazove Global Convertible Master Fund, L.P. | Hedge Fund | $19.1M | $500K | 19 |
From Form ADV Section 7.B private fund reporting.
Retirement plans served (1)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Bricklayers Union Local No. 6 Of Indiana Pension F | Board Of Trustees Bricklayers Union Local No. 6 Of Indiana Pension Fun | 236 | $100.0M | 07/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 04/29/2026 | 2.05 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $535M (22% of AUM) Mar 2020
- U.S. Bank $499M (25% of AUM) Apr 2026
- J.P. Morgan $411M (13% of AUM) Mar 2018
- State Street $333M (17% of AUM) Apr 2026
- Northern Trust $300M (14% of AUM) Mar 2025
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Apr 29, 2026.
View current Form ADV (SEC/IAPD) ↗