Long Pond Capital is an investment advisory firm that manages investments for affiliated pooled investment vehicles. Long Pond aims to generate strong returns by finding discrepancies between stock prices and true value, mainly in real estate companies. Long Pond's services are not tailored to individual investor needs, and neither the funds nor their investors can restrict investments in specific securities.
Fee Structure
Long Pond Capital does not directly manage investments for individual investors. It manages assets for pooled investment funds. These funds pay Long Pond a management fee, calculated quarterly, of up to 1.5% annually based on the investor's capital account balance or the net asset value of shares. Additionally, Long Pond may receive a performance-based allocation of up to 20% of the fund's net profits each year, subject to a high-water mark.