Soma Equity Partners, LP (San Francisco)

Name: Soma Equity Partners, LP
Address: 44 Montgomery Street, San Francisco, CA, 94104
Telephone: 415-318-8960

Soma Equity Partners, LP is a large advisory firm based in San Francisco. It manages $1.31 billion of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2016 and has operated in the jurisdictions of California and Connecticut.

Soma Equity Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Soma Equity Partners: assets under management

The assets under management (AUM) of Soma Equity Partners, LP is $1.31 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 706% since the beginning of its operation, and $486.44 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.31 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $656.68 million each.

Soma Equity Partners has custody of $1.31 billion in cash and securities for 2 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Soma Equity Partners, LP for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Soma Equity Partners serves?

The only and largest group of clients of Soma Equity Partners is pooled investment vehicles with 2 clients and $1.31 billion of assets under management. Among the 7 most similar advisory firms, Soma Equity Partners has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.31 billion for 2 clients. 50% of the firm’s clients are foreign persons or businesses.

Soma Equity Partners also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Soma Equity Partners, LP

The company employs 10 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 2 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Gil Nmn Simon has served as the Chief Investment Officer since 1 Mar 2016. Cindy Pei Yang joined the executive team most recently as the Chief Compliance Officer/Chief Financial Officer/Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Cindy Pei Yang	Chief compliance officer/chief financial officer/chief operating officer	1 Mar 2016	Other	6037065
Gil Nmn Simon	Chief investment officer	1 Mar 2016	Other	6483637
Llc Soma Equity Holdings	General partner	1 Mar 2016	Other	81-1361245
2012 Gil And Danielle Simon Family Trust	Limited partner	1 Mar 2016	75% - 100%	xxx-xx-xxxx
Gil Simon	Chief investment officer	1 Mar 2016	Other	6483637

Based in San Francisco

The principal office where Soma Equity Partners, LP performs its advisory services is located at 44 Montgomery Street, San Francisco, CA 94104, which is also the mailing address of the firm. An additional office of the firm is in Stamford, CT. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 415-318-8960. The normal business hours are 6:30am - 3:30pm on Monday - Friday. You can find more information about the New York firm at somaequity.com and its LinkedIn profile.