Lyrical Asset Management Lp

Lyrical Asset Management LP, established in 2008, is a Delaware limited partnership specializing in managing separately managed accounts and various commingled funds. As of February 28, 2025, the firm managed $6,952.2 million on a discretionary basis, with an additional $867.6 million under model portfolio delivery programs. Lyrical's investment strategies focus on publicly-traded equity securities and cash equivalents, with specific strategies for U.S. listed equity securities, non-U.S. developed markets, and global equity securities. The firm employs a value approach to investing, targeting companies with low valuations relative to long-term earnings power. Clients have the option to impose restrictions on investing in certain securities for separately managed accounts. Lyrical charges asset-based fees for its portfolios, with performance-based fees for certain accounts. The firm serves high-net-worth individuals, institutional investors, investment companies, and UCITS funds, with a minimum investment requirement of $2.5 million for certain accounts. Lyrical has been granted discretionary authority to manage client accounts, with the ability for clients to negotiate restrictions on investments. The firm has a Code of Ethics to manage potential conflicts of interest and maintains custody of client assets with unaffiliated entities. Lyrical also engages in solicitation agreements for client referrals and has a proxy voting policy in place.