L Squared Capital Management LP (Newport Beach)

Name: L Squared Capital Management LP
Address: 3434 Via Lido, Newport Beach, CA, 92663
Telephone: 949-398-0168

L Squared Capital Management LP is a large advisory firm based in Newport Beach. It manages $393.24 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2017 and has operated in the jurisdiction of California.

L Squared 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.

L Squared Capital Management: assets under management

The assets under management (AUM) of L Squared Capital Management LP is $393.24 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 13% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $393.24 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $196.62 million each.

L Squared Capital Management has custody of $393.24 million 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 L Squared Capital Management 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 L Squared Capital Management serves?

The only and largest group of clients of L Squared Capital Management is pooled investment vehicles with 2 clients and $393.24 million of assets under management. Among the 9 most similar advisory firms, L Squared Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $393.24 million for 2 clients. None of the firm’s clients are foreign persons or businesses.

L Squared Capital Management also advises several private funds. Namely, six private equity funds.

Careers at L Squared Capital Management LP

The company employs 8 people that are either part- or full-time employees. 88 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
Jeffery Michael Farrero	Chief compliance officer and managing partner	1 Jul 2014	25% - 50%	4256045
Robert Patrick Healy	Chief executive officer and managing partner	1 Jul 2014	50% - 75%	2656458
L Squared Capital Management Llc	General partner	1 Jul 2014	Other	46-5633942
Randall Joel Hunt	Partner	1 Jul 2014	Other	4999505
Sean Patrick Barrette	Partner	1 Jul 2014	Other	5036564

Based in Newport Beach

The principal office where L Squared Capital Management LP performs its advisory services is located at 3434 Via Lido, Newport Beach, CA 92663, which is also the mailing address of the firm. An additional office of the firm is in Chicago, IL. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 949-398-0168. The normal business hours are 8-5 on Monday - Friday. You can find more information about the New York firm at lsquaredcap.com/.