Zuma Capital Management, LLC

Zuma Capital Management serves a small number of clients, providing portfolio management for individual investors and acting as the general partner and adviser to at least one private pooled investment partnership. The firm reports roughly $8.7 million in assets under management across about ten clients and combines separately managed account services with pooled-vehicle advisory responsibilities.

The firm’s brochure discloses that it operates a private partnership structure in which the General Partner receives a carried interest equal to 20% of net profits, with no high-water mark, and notes that this performance-based compensation can create incentives toward higher-risk strategies. The advisory approach is informed by the managing member’s research background and professional credentials in investment analysis and risk management, which the brochure describes as central to security selection and portfolio oversight.

Compared with most solo independent advisers, Zuma’s role as fund sponsor and private fund adviser and its use of carried-interest compensation are uncommon and are highlighted in the Offering Memorandum and disclosure materials for potential conflicts. The brochure also discloses board service in a publicly traded real estate company and directs prospective investors to its conflicts sections, signaling governance and conflict-of-interest considerations that prospective clients should review.