The Cypress Funds Llc
- Regulatory AUM
- $723M
- Discretionary
- $723M
- Clients
- 3
- Avg AUM / client
- $241M
- Accounts
- 3
- Employees
- 7
AUM over time
Annual snapshots from Form ADV filings · as of Mar 27, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 3 | $723M | 100.0% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $925M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| The Cypress Partners Master Fund L.P. master | Hedge Fund | British Virgin Islands | $925M | 42 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Miller, Robert, Marvin | General Counsel And Chief Compliance Officer | Jan 2009 (18y) | Less than 5% | |
| Carlton, Peter, Weldon | Member And Manager | Jun 2015 (11y) | Less than 5% | |
| Spogli, Ronald, Paul | Co Trustee | Sep 2023 (3y) | GP / trustee / elected manager of Robert A. Day Trust Dated March 22, 2000, As Amended (indirect) | |
| Gupta, Sumo | Portfolio Manager | May 2024 (2y) | 5% – 10% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Robert A. Day Trust Dated March 22, 2000, As Amended | Member | Jun 2015 | A | 75% or more |
| Oakmont Corporation | Member | Jan 2018 | A | Less than 5% |
| Robert A. Day Trust Dated March 22, 2000, As Amended | Shareholder | Mar 2000 | B | GP / trustee / elected manager of Oakmont Corporation (indirect) |
Undisclosed: 0% – 20% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $925M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| The Cypress Partners Master Fund L.P. | Hedge Fund | $925M | $5.0M | 42 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/27/2026 | 1.22 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Reported custodians
- J.P. Morgan $35.0M (5% of AUM) Mar 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 27, 2026.
View current Form ADV (SEC/IAPD) ↗