Almitas Capital LLC is a registered investment advisor based in Santa Monica, California, founded in 2013 and led by Ronald Dean Mass. The firm primarily serves as the general partner and investment advisor to private investment funds. Almitas follows a value investing approach, seeking investments that trade at a discount to their intrinsic value. The firm invests across a wide range of asset classes, including closed-end funds, mortgage real estate investment trusts, individual debt securities, asset-backed securities, common and preferred equities, residential and commercial loans, and cryptocurrencies such as Bitcoin and Ethereum. Almitas exercises full discretion over client portfolios and may utilize leverage, short selling, options, and derivatives as part of its strategies. The firm's services are tailored for accredited investors and qualified clients meeting specific eligibility criteria.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
Management fee is generally 1% annually (charged quarterly at 0.25%). The firm also charges an incentive fee up to 15% of net profits for qualified clients. All fees are negotiable.