Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 2211

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 4
Chunk 2211
---
 Investment Vehicle that is not a Company-sponsored CDO. 

      (2) 
      The accounts we manage may employ leverage.  In some cases, our fees are based on gross assets and in other cases on net assets.  Finally, in the case of the SPAC Series Funds, there are no management fees earned.  AUM included herein is calculated using either gross or net assets of each managed account or CDO based on whichever serves as the basis for our management fees. In the case where no management fees are earned, the net assets are included.   

      44

Asset management fees increased by $1,672, or 23%, to $9,009 for the year ended December 31, 2024, as compared to $7,337 for the year ended December 31, 2023, as discussed in more detail below.

      ASSET MANAGEMENT 

      (Dollars in Thousands) 

      Year Ended December 31, 

      2024 

      2023 

      Change 

      CDOs 
      
     $
     1,566

     $
     1,638

     $
     (72
     )

      Other 

     7,443

     5,699

     1,744

      Total 
      
     $
     9,009

     $
     7,337

     $
     1,672

Asset management fees from CDOs remained relatively unchanged. Asset management fees from other increased primarily due to the recognition in 2024 of deferred performance fees related to certain PriDe Funds and the portfolio servicing fee on the notional amount of loans owned by the CREO JV. 

All asset management revenue is included in our asset management segment.  See note 29 to our consolidated financial statements included in this Annual Report on Form 10-K.

﻿ 

New Issue and Advisory Revenue 

﻿ 

New issue and advisory revenue increased by $35,158, or 124%, to $63,422 for the year ended December 31, 2024, as compared to $28,264 for the year ended December 31, 2023.

      Year Ended December 31, 

      2024 

      2023 

      Change 

      CCM 
      
     $
     61,567

     $
     26,174

     $
     35,393

      Commercial