Cummings Bay Capital Management, L.P. (Dallas)


Cummings Bay Capital Management, L.P. is an investment adviser to an investment company based in Dallas. It manages $66.89 million of regulatory assets for 2 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdiction of Texas.

Cummings Bay Capital Management provides portfolio management for investment companies and 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.

Cummings Bay Capital Management: assets under management

The assets under management (AUM) of Cummings Bay Capital Management, L.P. is $66.89 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 176% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $66.89 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $33.44 million each.
Cummings Bay Capital Management has custody of $16.65 million in cash and securities for 1 client in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Cummings Bay Capital Management, L.P. 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.

Careers at Cummings Bay Capital Management, L.P.

James David Dondero has been acting as President since 1 Feb 2010. Thomas Surgent joined the executive team most recently as the Chief Compliance Officer.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
James David Dondero President 1 Feb 2010 Other 2477893
Matthew Steven Okolita Chief compliance officer 1 Feb 2010 Other 4939522
Llc Cummings Bay Capital Management Gp General partner 1 Feb 2010 Other 27-2030697
Inc. Highland Capital Management Services Limited partner 1 Feb 2010 75% - 100% 75-2911984
Llc Highland Capital Healthcare Advisors Gp General partner 1 Feb 2010 Other 27-2030697
Thomas Surgent Chief compliance officer 1 Oct 2011 Other 5983586
Thomas Joseph Surgent Chief compliance officer 1 Oct 2011 Other 5983586

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
James David Dondero Director 1 Dec 2000 75% - 100% 2477893
Mark Kiyoshi Okada Director 1 Dec 2000 25% - 50% 2477897

Based in Dallas

The principal office where Cummings Bay Capital Management, L.P. performs its advisory services is located at 300 Crescent Court, Dallas, TX 75201, 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 972-628-4100 or by fax 972-628-4147. The normal business hours are 7am - 6pm on Monday - Friday.