Overview
LyonRoss Capital Management LLC, a Delaware limited liability company (“LyonRoss” or the
“Adviser”), provides non-discretionary and discretionary investment advisory services to high net
worth individuals, entities, funds and investment advisors (collectively, the “Clients”). LyonRoss
was founded by Piers Playfair in January 2007. Piers Playfair, through LyonRoss Holdings LLC,
is the managing member of the Adviser.
The non-discretionary advisory services generally involve recommending investments in separately
managed accounts (the “Separate Accounts”) or funds (the “Portfolio Funds”) managed by other
third-party managers (“Portfolio Managers”). The Clients may impose restrictions on investing in
certain Portfolio Funds. LyonRoss is responsible for the selection and research of the Portfolio
Managers that manage the Portfolio Funds and the Separate Accounts and making recommendations
to the Clients. LyonRoss performs due diligence on investment strategies and Portfolio Managers
pursuing such strategies, including but not limited to making inquiries into the following areas: (i)
the suitability of terms and conditions of Portfolio Funds and, if any, Separate Accounts, (ii) the
analysis of Portfolio Managers’ trading skills and risk management capabilities, (iii) the integrity
of the investment professionals and (iv) review of operations and controls. In addition, LyonRoss
monitors the investments made by the Client
in response to its recommendations and provides
advice relating to the holding or disposition of its Investments.
Discretionary advisory services offered by the Adviser are subject to the investment guidelines
and limitations set forth in the investment management agreement. The discretionary advisory
accounts may trade stocks, ETFs, options, and futures. Pursuant to the investment management
agreement, the Adviser has discretion over the following:
to make investment decisions;
to buy on margin or otherwise, sell (including short sales), lend and borrow
securities or other assets held in the Accounts, engage in repurchase and reverse
repurchase transactions, swap transactions and transactions in forwards and
currencies and otherwise trade in options, other derivatives and other instruments;
to place orders with respect to, and to arrange for, any of the foregoing;
to make investment representations; and
to do anything which the Adviser shall deem requisite, appropriate or advisable in
connection therewith, including, without limitation, the selection of such brokers,
dealers and others as Adviser shall determine.
LyonRoss does not offer wrap fee accounts.
As of December 31, 2023, the gross assets under management of LyonRoss are approximately
$548.33 million all on a non-discretionary basis on behalf of its Clients. As of December 31, 2023,
LyonRoss did not have any discretionary accounts.