Private fund adviser · Chicago, IL
Wolverine Asset Management, LLC
SEC-registered investment adviser · CRD 138907 · SEC 801-72458
At a glance
Wolverine Asset Management, LLC is an SEC-registered investment adviser based in Chicago, Illinois, with $14.8 billion in regulatory assets under management as of its Form ADV filed June 12, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 458th of 4,686 private fund advisers and 1,049th of 17,210 SEC-registered advisers by assets.
Main office 312-884-4400LinkedInAs filed on Form ADV
- Regulatory AUM
- $15B
- Rank among private fund advisers
- #458 of 4,686
- Rank among all SEC RIAs
- #1,049 of 17,210
- Rank in Illinois
- #57 of 684
- Clients
- 3
- Accounts
- 3
- Discretionary
- 100% of AUM
- Employees
- 44
- Advisory staff
- 20
- Offices
- 2
Owners and executives on its Form ADV
- Kenneth L. NadelChief Operating Officer
- Andrew R. SujdakChief Investment Officer
- David CavickeChief Compliance Officer
- Dominic C. DataManaging Director
Custody and brokerage
Custodian
Wolverine Asset Management, LLC’s Form ADV lists no custodian for separately managed accounts. Firms report one only when they manage $10 million or more in those accounts.
Broker-dealer
Hybrid RIA
Wolverine Asset Management, LLC is a hybrid RIA: 2 of its employees are also registered representatives of a broker-dealer. It names affiliated broker-dealers: Wolverine Execution Services, LLC, Wolverine Trading UK, Limited and Wolverine Trading, LLC.
- Wolverine Execution Services, LLC ↗CRD 120719
An introducing broker-dealer: its trades clear through RBC Capital Markets, Goldman Sachs and BofA Securities, which hold the brokerage accounts. Its annual audited report filed with the SEC, March 2026
- Wolverine Trading UK, Limited
- Wolverine Trading, LLC ↗CRD 36848
An introducing broker-dealer: its trades clear through RBC Capital Markets and BofA Securities, which hold the brokerage accounts. Its annual audited report filed with the SEC, March 2026
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 3 | $15B | 100% |
Private funds
Wolverine Asset Management, LLC reports 1 private funds with $15B in gross assets: hedge funds (Form ADV Item 7.B).
Disciplinary disclosures
Wolverine Asset Management, LLC reports no disciplinary disclosures in Item 11 of Form ADV. Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for pooled investment vehicles
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗
AtlasMembers
The full record on Wolverine Asset Management, LLC
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 815 peers of its type and size
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- Owners and executives, with titles and stakes
- 4 namedLocked
- Main office, fax and compliance officer
- Locked
- Filing changes this year, with alerts
- 3Locked
Free while Atlas launches: create a free account and confirm your email. Every figure comes from SEC filings.
Background
Questions
How much does Wolverine Asset Management, LLC manage?
Wolverine Asset Management, LLC reports $14.8 billion in regulatory assets under management across 3 accounts, 100% of it on a discretionary basis, on its Form ADV filed June 12, 2026.
What kind of firm is Wolverine Asset Management, LLC?
Wolverine Asset Management, LLC is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets.
Who are Wolverine Asset Management, LLC’s clients?
By assets, its largest client types are pooled investment vehicles ($14.8 billion, 3 clients).
Does Wolverine Asset Management, LLC manage private funds?
Yes. It reports 1 private funds with $14.8 billion in gross assets, including hedge funds.
Does Wolverine Asset Management, LLC have any disciplinary history?
Wolverine Asset Management, LLC reports no disciplinary disclosures in Item 11 of its Form ADV. Check the SEC’s adviser search for the latest record.
Where these numbers come from
Every figure is Wolverine Asset Management, LLC’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-06-12), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →