Lumina Fund Management LLC (New York)

Name: Lumina Fund Management LLC
Address: 48 Wall Street, New York, NY, 10005
Telephone: 212-918-4645

Lumina Fund Management LLC is a large advisory firm based in New York. It manages $222.65 million of regulatory assets for 4 client accounts. It has been registered with the SEC as an adviser since 2007 and has operated in the jurisdiction of California.

Lumina Fund Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lumina Fund Management: assets under management

The assets under management (AUM) of Lumina Fund Management LLC is $222.65 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 345% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $222.65 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $55.66 million each.

Investments

The firm invests in exchange traded securities the most. They account for 98% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 2% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lumina Fund Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Lumina Fund Management serves?

The firm provides services to charitable organizations, pooled investment vehicles, and corporations or other businesses. The largest group of clients of Lumina Fund Management is charitable organizations with 2 clients and $92.27 million of assets under management. Among the 10 most similar advisory firms, Lumina Fund Management has the highest percentage of charitable organizations out of all clients.

The amount of regulatory assets under management is $222.65 million for 4 clients. None of the firm’s clients are foreign persons or businesses.

Lumina Fund Management 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 Lumina Fund Management LLC

The company employs 4 people that are either part- or full-time employees. 50 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.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Diego Giurleo	Managing member	1 Sep 2003	75% - 100%	4543320
Eric Lane Hoyle	Chief operating officer, chief compliance officer	1 Jun 2012	Other	2136231

Based in New York

The principal office where Lumina Fund Management LLC performs its advisory services is located at 48 Wall Street, New York, NY 10005, 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 212-918-4645 or by fax 212-918-4801. The normal business hours are 9 to 5 on Monday - Friday. You can find more information about the New York firm at luminafund.com.