Rancho Santa Fe, CA Office

Alethea Capital Management provides discretionary investment management, financial planning, and consulting to a mix of individuals (including high-net-worth clients), trusts, charities, corporations and pooled investment vehicles, and it also accepts engagements from other registered investment advisers. The firm recommends and implements both traditional public-market allocations and private placements or privately offered pooled vehicles when those align with a client’s objectives.

The firm’s investment process draws on fundamental, technical and quantitative analysis and offers strategies including domestic equity, domestic long/short, global macro multi-strategy and global dynamic income, with portfolios tailored to each client’s objectives and ongoing planning needs. For qualified clients it may assess performance-based fees in addition to asset-based management fees, and its disclosure describes use of options and investments in private funds that can employ leverage or other derivatives.

Noteworthy features compared with peers include active management of affiliated private funds (the Alethea Funds), for which the firm serves in a general partner capacity and which are subject to annual audits and investor reporting, and an explicit affiliation with another adviser involved with those funds. The firm manages approximately $302 million in discretionary assets for a relatively small client base (about 40 clients), and it specifically includes other investment adviser clients and pooled vehicle management among its client types — arrangements that are less common for supported firms.