Overview
About the Firm
Los Angeles Capital Management LLC (“Los Angeles Capital” or the “Firm”) is a discretionary
institutional global asset manager registered with the SEC under the Investment Advisers Act of
1940, as amended (“Advisers Act”). The Firm was founded in 2002. The Firm offers risk-controlled
active equity management services to a broad range of institutional clients. The Firm has a wholly
owned subsidiary, LACM Global, Ltd. (“UK Subsidiary”), in the United Kingdom that is registered
with the Financial Conduct Authority.
Leadership and Ownership Structure
The Firm’s Board consists of Thomas D. Stevens, Chairman, Daniel E. Allen, Chief Executive Officer
and President, Hal W. Reynolds, Co-Chief Investment Officer, Stuart K. Matsuda, Chief Trading
Officer, and Jennifer E. Reynolds, Chief Compliance Officer.
The Firm’s majority owner is LACM Holdings Inc. (“LACM Holdings”), which owns over 99% of the
Firm. As of January 1, 2024, Thomas D. Stevens is the principal owner of LACM Holdings. The
other owners of LACM Holdings are employees of the Firm.
Services Offered
Los Angeles Capital constructs a wide range of equity strategies to meet specific client
requirements across the developed and emerging markets. The Firm uses a quantitative forward-
looking approach that is driven by its proprietary investment model technology (the “Model”).
Statistical techniques are used by the Firm to evaluate a variety of metrics that have explanatory
power for measuring stock price behavior. The Firm seeks to isolate and
interpret how each of
these factors is behaving in the current market environment. This approach results in a
proprietary forecast of expected returns across a broad universe of more than 9,000 publicly
traded equity securities.
Based on these forecasts, client accounts are tailored to each institutional client's unique
objectives and investment guidelines. Through a structured investment process, the Firm seeks
to add value relative to the specific benchmark or other metric identified for each client account
or on an absolute basis. Accounts are managed independently of one another in accordance with
client specific mandates, restrictions, and instructions as outlined in their respective investment
management agreements or other governing documents.
The Firm’s quantitative investment model technology allows the Firm to offer customized
solutions to its institutional clients. As an example, the Firm can incorporate specific
environmental, social, and corporate governance (“ESG”) information on a customized basis
upon client request. In addition, the Firm can emphasize certain factors/themes such as
momentum or growth to comply with a client request to maintain a permanent investment bias.
Finally, the Firm can customize accounts to align the type and level of risk based on a client’s
objectives and preferences.
Assets under Management
As of December 31, 2023, Los Angeles Capital had approximately $34,855,300,000 of client assets
under management, and all assets were managed on a discretionary basis.