Libremax Capital, LLC (New York)


Libremax Capital, LLC is a large advisory firm based in New York. It manages $6.36 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2011.

Libremax Capital 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.

Libremax Capital: assets under management

The assets under management (AUM) of Libremax Capital, LLC is $6.36 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 1187% since the beginning of its operation, and $4.33 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $6.36 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $276.68 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Libremax Capital, 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 Libremax Capital serves?

The only and largest group of clients of Libremax Capital is pooled investment vehicles with 23 clients and $6.36 billion of assets under management. Among the 5 most similar advisory firms, Libremax Capital has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $6.36 billion for 23 clients. 78% of the firm’s clients are foreign persons or businesses.

Libremax Capital also advises several private funds. Namely, eighteen hedge funds and six securitized asset funds. The minimum investment commitment required of non-related persons ranges from $250,000 to $10,000,000.

Careers at Libremax Capital, LLC

The company employs 51 people that are either part- or full-time employees. 71 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
Greg Holden Lippmann Managing member, chief investment officer & portfolio manager 1 Jun 2010 Other 2542975
Jordan Stuart Milman Member & head of trading 1 Jun 2010 Other 4288642
Eugene Youyu Xu Member, head of investing technology 1 Jun 2010 Other 2445342
Frank James Bruttomesso Member, chief operating officer, general counsel & chief compliance officer 1 Jun 2010 Other 2819815
Gloria V Radeff Member & chief administrative officer 1 Jun 2010 Other 2909577
Robert Francis Ervin Chief financial officer 1 Jun 2010 Other 3247697
Fred Joseph Brettschneider Managing member & president 1 Aug 2010 25% - 50% 2418085
Llc Gkl Holdings Member 1 Oct 2010 50% - 75% 27-4029719
Ross Adam Lesnick Chief financial officer 1 Aug 2012 Other 6108403
Luke Jackson Doramus Co-head of trading 1 Jan 2018 Other 5204919
Craig Sedaka Co-head of trading 1 Jan 2018 Other 5204768
Lp Libremax Capital Holdings Manager 1 Mar 2018 75% - 100% 82-4938885
Lp Libremax Intermediate Holdings Manager 1 Oct 2018 75% - 100% 83-1944985
Erica Jude Laudano Chief compliance officer & assistant general counsel 1 May 2019 Other 3022462

Indirect Owners

The SEC currently registers 10 indirect owners.

Name Entity Date acquired Ownership Employer ID
Greg Holden Lippmann Member 1 Oct 2010 75% - 100% 2542975
Kimberly Lee Lippmann Manager 1 Oct 2010 Other 5869226
Llc Libremax Gp Holdings General partner 1 Mar 2018 Other 82-4943681
Fred Joseph Brettschneider Manager 1 Mar 2018 50% - 75% 2418085
Greg Holden Lippmann Manager 1 Mar 2018 Other 2542975
Llc Gkl Holdings Member 1 Mar 2018 50% - 75% 27-4029719
Fred Joseph Brettschneider Limited partner 1 Apr 2018 25% - 50% 2418085
Llc Gkl Holdings Limited partner 1 Apr 2018 50% - 75% 27-4029719
Llc Libremax Gp Holdings General partner 1 Oct 2018 Other 82-4943681
Lp Libremax Capital Holdings Limited partner 1 Oct 2018 75% - 100% 82-4938885

Based in New York

The principal office where Libremax Capital, LLC performs its advisory services is located at 600 Lexington Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Watermill, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number (212) 612-1550 or by fax (646) 380-2690. The normal business hours are 9:00 am to 5:00 pm on Monday - Friday. You can find more information about the New York firm at libremax.com.