Lucky Man, LLC is a registered investment advisor based in Kansas City, Missouri, founded and managed by Matthew A. Lester. The firm operates exclusively as the investment manager and managing member for a single private pooled vehicle called Lucky Man Partners, LLC. The fund aims for capital appreciation primarily by investing in common stocks of publicly traded companies using a proprietary rotation algorithm developed by the firm. The firm has complete authority to make investment decisions without prior client approval. Because the firm manages a private fund rather than individual accounts, it serves accredited and qualified investors who pool their money together. The fund maintains approximately $28.6 million in assets under management.
Fee Structure
Portfolio-Based Fees (Flat)
| Portfolio Value | Annual Fee |
|---|---|
| Any | 1.00% |
The management fee is 1% annually, charged monthly. In addition, the firm charges a 15% performance fee on net profits above a 10% hurdle rate, subject to a high-water mark. Fees may be waived or reduced at the firm's discretion.