Lyrical Asset Management LP (New York)

Name: Lyrical Asset Management LP
Address: 250 West 55 Th Street, New York, NY, 10019 9710
Telephone: 212-415-6600

Lyrical Asset Management LP is a large advisory firm based in New York. It manages $6.75 billion of regulatory assets for 976 client accounts. It has been registered with the SEC as an adviser since 2008 and has operated in the jurisdictions of Alabama, Alaska, Arizona, and 36 other states.

Lyrical Asset Management provides portfolio management for individuals and small businesses, portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and portfolio management for ucits funds and provision of models for uma programs. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lyrical Asset Management: assets under management

The assets under management (AUM) of Lyrical Asset Management LP is $6.75 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 197293% since the beginning of its operation, and $2.44 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.75 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $6.92 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 Lyrical Asset 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 Lyrical Asset Management serves?

The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lyrical Asset Management is pooled investment vehicles with 15 clients and $1.28 billion of assets under management. Among the 9 most similar advisory firms, Lyrical Asset Management has the 4th lowest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $5.55 billion for 974 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 1% of the firm’s clients are foreign persons or businesses.

Lyrical Asset Management also advises several private funds. Namely, two other private funds. The minimum investment commitment required of non-related persons ranges from $2,500,000 to $25,000,000.

Careers at Lyrical Asset Management LP

The company employs 29 people that are either part- or full-time employees. 14 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 compensates 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
Lyrical Asset Management Gp Llc	General partner	1 Jul 2008	75% - 100%	26-2896125
Andrew Brian Wellington	Managing partner, chief investment officer	1 Jul 2008	Other	4346010
Jeffrey Alan Keswin	Managing partner	1 Jul 2008	Other	1960021
Jeffrey Mark Moses	Chief compliance officer	1 Jul 2008	Other	2176713
Edward Peyton Gage	Chief financial officer	1 Jul 2008	Other	5586372
Lyrical Asset Management Gp Lp	General partner	1 Jul 2008	75% - 100%	26-2896125

Based in New York

The principal office where Lyrical Asset Management LP performs its advisory services is located at 250 West 55 Th Street, New York, NY 10019 9710, 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 212-415-6600 or by fax 212-415-6699. The normal business hours are 8:00 - 6:00 on Monday - Friday. You can find more information about the New York firm at lyricalam.com.