Overview
A. Optima Asset Management LLC (“Optima”) is a SEC-registered investment adviser.
Optima is wholly owned by FWM Holdings, Inc, which also owns the registered
investments advisers FFT Wealth Management LLC (“FFT”) and LGL Partners, LLC
(“LGL”). 100% of the equity interests in FWM Holdings, Inc. are owned by Stanhope
Capital (Switzerland) SA, a Swiss societe anonyme, which is a wholly-owned subsidiary
of Stanhope Capital Group SA, a Swiss societe anonyme.
B. Optima offers advice to thirteen commingled investment vehicles that it or its affiliates
sponsor (each a “Client Pooled Fund”, collectively the “Client Pooled Funds”). The
Client Pooled Funds may generally invest in other commingled investment vehicles that
trade the following types of investments: exchange-listed securities; securities traded over
the counter; foreign issuers; warrants; corporate debt securities (other than commercial
paper); United States government securities; options contracts on securities and
commodities; futures contracts; currencies; commodities; and futures.
In addition, Optima offers advice to two sub-funds of an Irish collective asset-
management vehicle (”ICAV Accounts”) that trade in exchange-listed securities and a 40
Act registered investment company
that invests in fixed income related instruments.
Optima also offers advice on a customized basis to segregated accounts (each a “Client
Managed Account”, collectively the “Client Managed Accounts”) that in turn invest
generally in other commingled investment vehicles. Two Client Managed Accounts
invest directly in exchange-listed securities. Investment advice given to Client Managed
Accounts may be discretionary or non-discretionary depending on specific agreement
between the client and Optima.
C. Client Pooled Funds invest in different investment strategies and may have different
investment restrictions and Optima customizes the investment portfolio of such Client
Pooled Funds accordingly. With respect to Client Managed Accounts, Optima will work
with the investor or sponsor to tailor the investment program to the investor’s investment
objectives, risk tolerance and any investment restrictions such investor may want to
impose. In each case, Optima monitors the investments of such Client Pooled Funds and
Client Managed Accounts in light of their respective investment objectives, risk
tolerance, and investment restrictions, if any.
D. Optima does not participate in wrap fee programs.
E. As of December 31, 2023, Optima had Regulatory Assets Under Management of
$487,689,000 on a discretionary basis and $325,062,000 on a non-discretionary basis.