Marketfield Asset Management LLC

Marketfield Asset Management LLC is an investment management firm based out of New York City. The company is currently headed by CEO and Chairman Michael Shaoul, who was one of the founding partners of the company when Marketfield Asset Management was established in 2007 and President and CIO Michael Charles Aronstein. The company has grown from its inception to now have 30 employees of which 22 are investment professionals. Marketfield Asset Management is owned by its employees with the controlling ownership in the company split amongst partners, including Micahel C. Aronstein, Michael D. Shaoul, Myles David Gillespie, and Andrew B. Lyss, with the remaining ownership split amongst other employees. The company conducts its research internally and invests in the public equity and fixed income markets of the U.S. Marketfield Asset Management invests most heavily in the finance sector, which alone makes up over half of its total asset allocations, and also invests in the consumer discretionary, materials, industrials, and information technology sectors, among others to a lesser degree, in order of decreasing allocation. The company’s top 10 holdings together make up approximately half of its total holdings and the company has a turnover rate of approximately 31.9%. Marketfield Asset Management holds over $7.1 billion in total assets under management spread across 3 accounts, all three of which are discretionary accounts. Although the company’s total number of accounts has stayed relatively unchanging in recent years, its total assets under management has changed drastically, growing from $3.5 billion back in 2012 to over twice that amount today, although that amount has exceed $20 billion during 2014. Marketfield Asset Management mainly caters to investment companies, which makes up two thirds of its client base, and also provides its services to pooled investment vehicles. The company currently offers its MainStay MarketField Fund product to its U.S. investors.