Founded in January 2008 by Andrew Wellington and Jeffrey Keswin, Lyrical Asset Management is a New York-based hedge fund manager specializing in opportunistic, long/short equity strategies. The firm employs a highly concentrated investment approach, focusing on both publicly traded and privately held companies, hedge funds managed by independent hedge fund managers with seeder economics, other investment funds managed by independent managers, and cash equivalents.
Jeffrey Keswin is the Founder, Chief Executive Officer, and Managing Partner of Lyrical Partners, which, along with its affiliates, invests in and manages private equity, real estate, traditional equity, and hedge funds. Hailing from Minnesota, Jeff is a relentless serial entrepreneur who has catalyzed the growth of numerous companies. His fervor for investing in and collaborating with exceptional management teams has fostered a diverse portfolio of businesses that have achieved significant scale. Jeff graduated summa cum laude from the University of Pennsylvania's Management & Technology Program in 1990, earning a Bachelor of Science in Economics from the Wharton School and a Bachelor of Applied Science from the School of Engineering. Alongside his longtime friend Andrew Wellington, Jeff co-founded Lyrical Asset Management, where he also serves as Chief Executive Officer.
Andrew Wellington serves as the Chief Investment Officer of Lyrical Asset Management, a firm he co-founded with his longtime friend Jeff Keswin. With over a quarter century of experience as a value investor, Andrew Wellington's career began after five years in management consulting. In 1996, he joined Pzena Investment Management as a founding member and its inaugural research analyst. Transitioning to Neuberger Berman in 2001, Andrew managed their institutional mid-cap value product, significantly enhancing fund performance and increasing AUM from $1.1 billion to $3.3 billion by 2005. Following his tenure at Neuberger, Andrew dedicated two years to activist investing at New Mountain Capital. Andrew graduated summa cum laude as the top senior from the University of Pennsylvania's Management & Technology Program in 1990, earning dual degrees: a Bachelor of Science in Economics from the Wharton School and a Bachelor of Science in Engineering from the School of Engineering.
Lyrical Asset Management is a prominent hedge fund managing assets totaling $6.48 billion for 380 clients, as reported in their Form ADV as of April 2024. Their Q1 2024 13F filing disclosed holdings of $6.73 billion in managed 13F securities, with a top 10 holdings concentration of 46.95%. United Rentals, Inc. represents their largest position, with 676,156 shares held.
