Lomas Capital Management LLC (New York)


Lomas Capital Management LLC is a large advisory firm based in New York. It manages $1.39 billion of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of New York.

Lomas Capital Management 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.

Lomas Capital Management: assets under management

The assets under management (AUM) of Lomas Capital Management LLC is $1.39 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 476% since the beginning of its operation, and $320 million of the total AUM is attributable to clients outside of the United States.

The firm manages $1.39 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $174.37 million each.

Investments

The firm invests in exchange traded securities the most. They account for 99% of the total AUM. The second-largest asset type is non-investment grade corporate bonds, which make up 1% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lomas Capital Management LLC 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 Lomas Capital Management serves?

The firm provides services to other investment advisers and pooled investment vehicles. The largest group of clients of Lomas Capital Management is pooled investment vehicles with 4 clients and $1.01 billion of assets under management. Among the 10 most similar advisory firms, Lomas Capital Management has the 5th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $1.39 billion for 8 clients. 75% of the firm’s clients are foreign persons or businesses.

Lomas Capital Management also advises several private funds. Namely, two hedge funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.

Careers at Lomas Capital Management LLC

The company employs 10 people that are either part- or full-time employees. 60 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone 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.

Daniel R Lascano has served as the Chief Investment Officer since 1 Apr 2012. Lp Lomas Capital Advisors joined the executive team most recently as the Managing Member.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Daniel R Lascano Chief investment officer 1 Apr 2012 Other 2154393
John Del Virginia Chief financial officer & chief compliance officer 1 Apr 2012 Other 4437639
Lp Las Lomas Ii Member - lomas capital gp, llc (relying adviser) 1 Apr 2012 75% - 100% 46-0985157
Lp Lomas Capital Advisors Managing member 1 Sep 2012 75% - 100% 35-2445298

Indirect Owners

The SEC currently registers 5 indirect owners.

Name Entity Date acquired Ownership Employer ID
Daniel R Lascano Limited partner 1 Aug 2012 50% - 75% 2154393
Llc Lomas Capital Group Ii General partner 1 Aug 2012 Other 5205749
Lp Las Lomas General partner 1 Sep 2012 75% - 100% 30-0736414
Llc Lomas Capital Group General partner 1 Sep 2012 Other 37-1689705
Daniel R Lascano Managing member 1 Sep 2012 75% - 100% 2154393

Based in New York

The principal office where Lomas Capital Management LLC performs its advisory services is located at 650 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 646-569-3200 or by fax 646-569-3201. The normal business hours are 8:00am - 6:00pm on Monday - Friday.