The Cypress Funds LLC (Los Angeles)

The Cypress Funds LLC is a large advisory firm based in Los Angeles. It manages $596.49 million of regulatory assets for 3 client accounts. It has been registered with the SEC as an adviser since 2002 and has operated in the jurisdiction of California.

The Cypress Funds 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.

The Cypress Funds: assets under management

The assets under management (AUM) of The Cypress Funds LLC is $596.49 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 13% since the beginning of its operation, and $596.49 million of the total AUM is attributable to clients outside of the United States.

The firm manages $596.49 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $198.83 million each.

The Cypress Funds has custody of $596.49 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay The Cypress Funds 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 Peter Carlton serves?

The only and largest group of clients of Peter Carlton is pooled investment vehicles with 3 clients and $596.49 million of assets under management. Among the 8 most similar advisory firms, The Cypress Funds has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $596.49 million for 3 clients. 67% of the firm’s clients are foreign persons or businesses.

The Cypress Funds also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at The Cypress Funds LLC

The company employs 12 people that are either part- or full-time employees. 58 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person 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.

Peter Carlton has been acting as President since 1 Jun 2015. Noah Jason Kramer joined the executive team most recently as the Chief Operating Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert Addison Day	Member and manager	1 Dec 1996	75% - 100%	1494529
Robert Todd Moodey	Officer	1 Apr 1999	Other	4364120
Thermopolis Partners Llc	Manager	1 Oct 2001	25% - 50%	94-3408388
Brett David Hoover	Manager	1 Jan 2003	Other	2068822
Philip William Treick	Member	1 Jan 2003	Other	1741462
Kashif F. Sheikh	Member	1 Mar 2004	Other	4385213
Stacey A Schaper	Chief compliance officer	1 Apr 2004	Other	2860850
Jerry Weldon Carlton	Manager	1 Jan 2007	Other	4385210
Leigh Randall Crawford	Member	1 Jul 2007	Other	4786525
James Rowland Chapman	Member	1 Jul 2007	Other	2075594
James Rowland Chapman	Member and chief compliance officer	1 Jul 2008	25% - 50%	2075594
Robert Miller	Chief operating officer and chief compliance officer	1 Jan 2009	Other	5562589
Robert M Miller	Chief operating officer and chief compliance officer	1 Jan 2009	Other	5562589
Robert Addison Day	Co-chief investment officer	1 Jun 2015	Other	1494529
Michael Y Wang	Co-chief investment officer and portfolio manager	1 Jun 2015	25% - 50%	5009004
Peter Carlton	President	1 Jun 2015	Other	6356280
Arthur Greg Gleeson	Chief financial officer	1 Jun 2015	Other	3174053
Ronald J Krystyniak	Member	1 Jun 2015	Other	2813784
Saurabh Jain	Principal	1 Jun 2015	Other	6521596
David Kilin	Principal	1 Jun 2015	Other	4550182
2000 As Amended Robert A. Day Trust Dated March 22	Member	1 Jun 2015	25% - 50%	xxx-xx-xxxx
Joshua J Nip	Chief financial officer	1 Oct 2015	Other	6025705
Jose Anthony Torres	Partner and director of research	1 May 2017	Other	6920218
Noah Jason Kramer	Chief operating officer	1 Mar 2018	Other	4694921

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Robert Addison Day	Trustee	1 Mar 2000	Other	1494529
Philip William Treick	Manager	1 Sep 2001	75% - 100%	1741462

Based in Los Angeles

The principal office where The Cypress Funds LLC performs its advisory services is located at 865 S. Figueroa Street, Los Angeles, CA 90017, 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 213-891-6375 or by fax 213-891-6343. The normal business hours are 6:30 a.m. - 4:30 p.m. pdt on Monday - Friday.