Leucadia Asset Management LLC (New York)


Leucadia Asset Management LLC is a large advisory firm based in New York. It manages $2.38 billion of regulatory assets for 11 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of Connecticut, Massachusetts, New York, and Pennsylvania.

Leucadia Asset Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Leucadia Asset Management: assets under management

The assets under management (AUM) of Leucadia Asset Management LLC is $2.38 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 4640% since the beginning of its operation, and $1.97 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $2.38 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $216.09 million each.
Leucadia Asset Management has custody of $1.99 billion in cash and securities for 8 clients in total and its related person acts as a qualified custodian.

Investments

The firm invests in derivatives the most. They account for 100% of the total AUM.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Leucadia Asset Management 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 Leucadia Asset Management serves?

The firm provides services to pooled investment vehicles and corporations or other businesses. The largest group of clients of Leucadia Asset Management is pooled investment vehicles with 8 clients and $1.99 billion of assets under management. Among the 8 most similar advisory firms, Leucadia Asset Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $2.38 billion for 11 clients. 45% of the firm’s clients are foreign persons or businesses.

Leucadia Asset Management also advises several private funds. Namely, six hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Leucadia Asset Management LLC

The company employs 30 people that are either part- or full-time employees. 57 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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
Lam Holding Llc Member 1 Jun 2013 75% - 100% 80-0930698
Travis Charles Taylor Managing director/co-head of the topwater division of lam 1 Jul 2013 Other 3117349
Bryan Dennis Borgia Managing director/co-head of the topwater division of lam 1 Jul 2013 Other 4688357
Susan Roni Rubin Chief compliance officer 1 Jul 2013 Other 2860075
Marc A Fuller Manager 1 Jul 2013 Other 6210977
David Zervos Chief investment officer of the global macro division of lam 1 Nov 2013 Other 4251291
Nicholas Daraviras Manager 1 Jul 2015 Other 2711869
Zemach Michael Sternberg Head of lake hill division of lam 1 Oct 2015 Other 2122901
Lauri A Scoran Chief compliance officer 1 Oct 2015 Other 2060170
Miguel A Bilbao Co-head -of tenacis capital division of lam 1 Feb 2016 Other 4818415
Sergei Y Nodelman Co-head of tenacis capital division of lam 1 Feb 2016 Other 4384689
Christopher Ryan Cecere Head of 101 capital division 1 Jun 2016 Other 4831311
Matthew Benjamin Smith Chief operating officer 1 Jan 2017 Other 4183833
Brian Scott Wargon Head of keystone division 1 May 2017 Other 2082517
Salil Sharma Head of kathmandu division 1 Sep 2018 Other 7029723

Indirect Owners

The SEC currently registers 2 indirect owners.

Name Entity Date acquired Ownership Employer ID
Leucadia National Corporation Member 1 Jun 2013 75% - 100% 13-2615557
Jefferies Financial Group Inc. Member 1 Jun 2013 75% - 100% 13-2615557

Based in New York

The principal office where Leucadia Asset Management LLC performs its advisory services is located at 520 Madison Avenue, New York, NY 10022, which is also the mailing address of the firm. An additional office of the firm is in Conshohcken, PA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-460-1900 or by fax 212-598-4869. The normal business hours are 9am to 5pm on Monday - Friday.