Cove Street Capital, LLC
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client AUMClient assets under management
$27,109,316
Clients
13
Advisors
1
of 2 employees
About
Cove Street Capital is an SEC-registered, independent advisory firm that provides discretionary portfolio management to individuals, high-net-worth clients, institutions, pension and profit-sharing plans, charitable organizations, corporations, and a pooled investment vehicle. The firm also provides investment advisory services to a private pooled fund for which an affiliated entity serves as general partner, and it sells non-discretionary security rankings to an unaffiliated investment manager for a fee.
The firm’s investment process is research-driven and value-oriented, relying on fundamental, bottom-up analysis and systematic screens to identify undervalued small- and micro-cap opportunities. Strategies described in the brochure are concentrated and actively managed, with defined position and industry risk limits, regular rebalancing, and a focus on board- and management-level engagement for certain microcap holdings.
What distinguishes the firm from many peers is its dual role as an adviser to external clients and as an owner/manager of a private pooled fund that is subject to performance allocations and lock-up/withdrawal provisions, as well as its practice of licensing predictive security rankings (with a fixed and variable compensation component) to an outside manager. The brochure also discloses the firm’s use of soft-dollar arrangements and the potential for side-by-side management of performance-fee and non-performance-fee accounts, which the firm says it monitors through allocation and sequencing reviews.
Client services
Expertise
Fee options
$0 - $5,000,000: Not available - minimum account size required $5,000,000+: 0.40% to 1.25% annually based on assets under management
Performance-based fees may be negotiated for eligible client accounts. CSC Partners Fund Class A Interests charge 30% of profits above 5% hurdle rate with high water mark; Class B Interests pay 1% fixed asset-based fee plus 15% of profits, subject to high water mark.
Account minimum: $5,000,000 Fee-only: Annual fees based on 0.40% to 1.25% of assets under management; fees payable monthly or quarterly in advance or arrears; negotiable fees possible.
Main office
205 Pier Avenue, Suite 101
Hermosa Beach CA 90245
Advisors at this office
1
Most active in
California · Louisiana · New York
Disclosures
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Business activities & affiliations
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Fund sponsor
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Accountant / CPA / tax prep
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Lawyer
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
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