Fermat Capital Management, Llc
SEC-registered
Private Fund Manager · Large ($10B–$100B)
CRD 134099
· SEC file 801-65497
· Westport, CT
· WWW.FERMATCAPITAL.COM
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ADV data as of Mar 26, 2026
- Regulatory AUM
- $11.1B
- Discretionary
- $10.1B
- Clients
- 12
- Avg AUM / client
- $928M
- Accounts
- 13
- Employees
- 47
AUM over time
$2.5B
$11.1B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 26, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 5 | $5.2B | 47.1% |
| Insurance companies | Fewer than 5 clients | $778M | 6.98% |
| Sovereign wealth funds and foreign official institutions | 7 | $5.1B | 45.9% |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Seo, John, Sehun | Managing Member | Oct 2001 (25y) | 50% – 75% | |
| Seo, Nelson, Moonhun | Managing Member | Oct 2001 (25y) | 50% – 75% | |
| Bates, Jeffrey, William | Chief Compliance Officer, Chief Operating Officer | Sep 2004 (22y) | Less than 5% | |
| Houghton, Brett, Thomas | Managing Principal | Oct 2010 (16y) | Less than 5% | |
| Green, Claudia, Naomi | General Counsel | Nov 2010 (16y) | Less than 5% | |
| Dener, Adam, Leslie | Managing Principal | Mar 2015 (11y) | Less than 5% |
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.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 1.31 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 pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- J.P. Morgan $2.3B (21% of AUM) Mar 2026
- Citibank $2.0B (18% of AUM) Mar 2026
- BNY Mellon $778M (7% of AUM) Mar 2026
- State Street $433M (5% of AUM) Mar 2022
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: Mar 26, 2026.
View current Form ADV (SEC/IAPD) ↗