Luminus Management, LLC (New York)

Name: Luminus Management, LLC
Address: 1700 Broadway, New York, NY, 10019
Telephone: 212-4242800

Luminus Management, LLC is a large advisory firm based in New York. It manages $8.61 billion of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2011 and has operated in the jurisdictions of New York and Texas.

Luminus Management 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.

Luminus Management: assets under management

The assets under management (AUM) of Luminus Management, LLC is $8.61 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 659% since the beginning of its operation, and $5.07 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $8.61 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.72 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Luminus 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 Paul Segal serves?

The only and largest group of clients of Paul Segal is pooled investment vehicles with 4 clients and $8.61 billion of assets under management. Among the 12 most similar advisory firms, Luminus Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $8.61 billion for 4 clients. 57% of the firm’s clients are foreign persons or businesses.

Luminus Management also advises several private funds. Namely, five hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at Luminus Management, LLC

The company employs 64 people that are either part- or full-time employees. 48 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.

Paul Segal has been acting as President since 1 Apr 2002. Ankur Sood joined the executive team most recently as the Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Luminus 2002 Ts Trust	Member/owner	1 Apr 2002	50% - 75%	22-6920646
Radion (Nmn) Segal	Trustee - luminus 2002 ts trust	1 Apr 2002	50% - 75%	5913719
Mark (Nmn) Brennan	Treasurer and chief financial officer	1 Apr 2002	Other	5913727
Jobey Lynn Eddleman	Vice president, tax	1 Apr 2002	Other	5913737
Radion Segal	Trustee - luminus 2002 ts trust	1 Apr 2002	50% - 75%	5913719
Paul Segal	President	1 Apr 2002	Other	2935393
Mark Brennan	Treasurer	1 Apr 2002	Other	5913727
Jobey Eddleman	Vice president, tax	1 Apr 2002	Other	5913737
Paul (Nmn) Segal	President	1 Apr 2002	Other	2935393
Jonathan Dan Barrett	Director and portfolio manager	1 Jul 2007	Other	2734767
John Staikos	Secretary	1 Jul 2007	Other	5913739
John (Nmn) Staikos	Secretary	1 Jul 2007	Other	5913739
Jeffrey Paul Wade	Chief compliance officer/general counsel	1 Feb 2011	Other	3137712
Rustic 2011 Trust	Member/owner	1 Apr 2011	50% - 75%	45-6232445
Radion (Nmn) Segal	Trustee - rustic 2011 trust	1 Apr 2011	50% - 75%	5913719
Radion Segal	Trustee - rustic 2011 trust	1 Apr 2011	50% - 75%	5913719
Jonathan Dan Barrett	President and portfolio manager	1 Aug 2011	Other	2734767
Nicole Marie Panebianco	Chief operating officer	1 Aug 2011	Other	4260754
Radion (Nmn) Segal	Trustee - village drive 2012 trust	1 Feb 2012	50% - 75%	5913719
Shimon Bezalel Edelstein	Executive vice president, tax	1 Jan 2013	Other	6162143
Daniel Yehuda Wise	Director, tax	1 Jan 2013	Other	6162145
Village Drive 2012 Trust	Member/owner	1 Jan 2016	50% - 75%	45-6742705
Thomas Andrew Levy	Managing director, non-investment activities	1 Sep 2016	Other	1683805
Lp Luminus Partners	Sole member	1 Jul 2017	75% - 100%	81-5174945
Thomas Andrew Levy	Chief compliance officer	1 Jul 2017	Other	1683805
Shawn Raju Singh	General counsel/ chief compliance officer	1 Aug 2017	Other	5311961
Ankur Sood	Chief financial officer	1 Dec 2018	Other	5454642

Indirect Owners

The SEC currently registers 2 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Jonathan Dan Barrett	Managing member of general partner	1 Jul 2017	75% - 100%	2734767
Llc Luminus Management Gp	General partner of sole member	1 Jul 2017	Other	81-5188759

Based in New York

The principal office where Luminus Management, LLC performs its advisory services is located at 1700 Broadway, New York, NY 10019, which is also the mailing address of the firm. An additional office of the firm is in Houston, TX. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-4242800 or by fax 212-4242801. The normal business hours are 9 am - 5 pm on Monday - Friday. You can find more information about the New York firm at luminusmgmt.com/.