Dalal Street, LLC (Irvine)

Name: Dalal Street, LLC
Address: 1220 Roosevelt, Suite 200, Irvine, CA, 92620 3675
Telephone: 949-453-0609

Dalal Street, LLC is a large advisory firm based in Irvine. It manages $643.8 million of regulatory assets for 8 client accounts. It has been registered with the SEC as an adviser since 2012 and has operated in the jurisdiction of California.

Dalal Street provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Dalal Street: assets under management

The assets under management (AUM) of Dalal Street, LLC is $643.8 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 41% since the beginning of its operation, and $150 million of the total AUM is attributable to clients outside of the United States.

The firm manages $643.8 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $80.48 million each.

Dalal Street has custody of $643.8 million in cash and securities for 8 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 65% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 35% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Dalal Street, LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Dalal Street serves?

The only and largest group of clients of Dalal Street is pooled investment vehicles with 6 clients and $643.3 million of assets under management. Among the 9 most similar advisory firms, Dalal Street has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $643.3 million for 6 clients. 25% of the firm’s clients are foreign persons or businesses.

Dalal Street also advises several private funds. Namely, three hedge funds and two private equity funds. The minimum investment commitment required of non-related persons ranges from $1,000,000 to $2,500,000.

Careers at Dalal Street, LLC

The company employs 2 people that are either part- or full-time employees. 100 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Mohnish None Pabrai	Managing member	1 May 2005	75% - 100%	6028632
Mohnish Pabrai	Cco	1 May 2005	75% - 100%	6028632
Julie A Teltscher	Chief compliance officer	1 Feb 2012	Other	6137467
Fahed Sad Missmar	Chief compliance officer	1 Jan 2018	Other	6626203

Based in Irvine

The principal office where Dalal Street, LLC performs its advisory services is located at 1220 Roosevelt, Suite 200, Irvine, CA 92620 3675, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 949-453-0609 or by fax 949-453-0307. The normal business hours are 8:00 a.m. to 2:00 p.m. on Monday - Friday. You can find more information about the New York firm at pabraifunds.com.