Conway Investment Research, Llc
- Regulatory AUM
- $1.7B
- Discretionary
- $101M
- Clients
- 11
- Avg AUM / client
- $152M
- Accounts
- 14
- Employees
- 20
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 11 | $1.5B | 91.6% |
| Charitable organizations | Fewer than 5 clients | $140M | 8.38% |
Private funds (6)
Reported in Form ADV Section 7.B.(1), filing of Jul 2024 · $861M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Conway Onshore Access Fund, Llc | Hedge Fund | Delaware | $344M | 1,144 |
| Conway Offshore Access Fund Ltd. | Hedge Fund | Cayman Islands | $316M | 388 |
| Conway Rief Onshore Access Fund, Llc feeder | Hedge Fund | Delaware | $172M | 207 |
| Bg Diversified, Llc | Hedge Fund | Delaware | $19.5M | 7 |
| Conway Offshore Ieaf, Ltd. | Hedge Fund | Cayman Islands | $6.4M | 37 |
| Conway Thompson Thrift 2023 Access Fund, Lp | Hedge Fund | Delaware | $3.8M | 16 |
People (6)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Baur, Richard, Douglass | Principal | Jul 2010 (16y) | Less than 5% | |
| Margulis, Thomas, Steven | Principal | Jul 2010 (16y) | Less than 5% | |
| Bell, Jeremy, Evan | Principal | Feb 2015 (12y) | Less than 5% | |
| Brown, Roger, Leo | Principal, Llc Member | Jun 2016 (10y) | Less than 5% | |
| Holmes, Warren, Chandler Crawford | Principal, Chief Compliance Officer | Jul 2017 (9y) | Less than 5% | |
| Mileusnic, Michael, George | Principal | Jan 2021 (6y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Richard D. Baur Revocable Trust Dtd 12/19/02 | Llc Member | Aug 2010 | A | 25% – 50% |
| Thomas S. Margulis Family Trust Dated 10/8/10 | Llc Member | Jul 2010 | A | 25% – 50% |
| Roger L. Brown Ii Revocable Trust Dated July 29, 2018 | Llc Member | Jan 2020 | A | 10% – 25% |
| Jeremy Evan Bell Revocable Living Trust Dated July 8, 2016 | Llc Member | Feb 2015 | A | Less than 5% |
Undisclosed: 0% – 40% of the firm is not attributable from the filed Schedule A bands.
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 (6, $861M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Conway Onshore Access Fund, Llc | Hedge Fund | $344M | $100K | 1,144 |
| Conway Offshore Access Fund Ltd. | Hedge Fund | $316M | $100K | 388 |
| Conway Rief Onshore Access Fund, Llc | Hedge Fund | $172M | $100K | 207 |
| Bg Diversified, Llc | Hedge Fund | $19.5M | $1.0M | 7 |
| Conway Offshore Ieaf, Ltd. | Hedge Fund | $6.4M | $100K | 37 |
| Conway Thompson Thrift 2023 Access Fund, Lp | Hedge Fund | $3.8M | $100K | 16 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 2.31 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
- • Fixed fees
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
- • Selection of other advisers
- • Publication of periodicals or newsletters
Custody
Reported custodians
- Charles Schwab & Co. $140M (8% of AUM) Mar 2026
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 30, 2026.
View current Form ADV (SEC/IAPD) ↗