Asset ManagerRIA · CRD 282637SEC-RegisteredPrivate Fund Adviser

Updated:

LMR Partners

LMR Partners is a London-based multi-strategy hedge fund managing $14.5B across equities, credit, and macro — co-founded by Edmond de Rothschild in 2008.

LMR Partners

LMR Partners was founded in 2008 by Edmond de Rothschild and Michael De Lathauwer, former colleagues at the proprietary trading desks of major investment banks. The firm started with Rothschild's family capital and gradually opened to external investors, establishing a multi-strategy platform that blends systematic and discretionary trading. LMR allocates capital across four core strategies: equity long/short, credit, macro, and quantitative. The firm maintains a global footprint with offices in London, Hong Kong, and New York, investing in developed and emerging markets. Portfolio construction uses a risk parity-based approach to balance exposures across strategies. By 2025, LMR Partners managed approximately $14.5B in assets, largely via partnership capital and institutional mandates (public record, 2025). The firm operates as an SEC-registered investment adviser and has expanded its investor base to include pension funds, endowments, and family offices. LMR's structural differentiator is its hybrid model — bridging the gap between a pure fundamental multi-manager platform and a systematic fund. Rather than housing competing pods under a 'Tiger-style' architecture, LMR deploys a centralized risk-book approach where strategy heads feed into a single portfolio optimization engine.

General information

Firm type

Asset Manager

Year founded

2008

AUM

$14.5B (per public record, 2025)

Location

Region

Europe

Country

United Kingdom

City

London

Corporate office

London, United Kingdom

Additional offices

Hong Kong · New York

Principals

Edmond de Rothschild

Co-Founder

Michael De Lathauwer

Co-Founder

Sector focus

Hedge FundsMulti-StrategyCreditEquity Long/ShortMacro

Frequently asked questions

Who runs investment decisions at LMR Partners?

LMR Partners is operated by co-founders Edmond de Rothschild and Michael De Lathauwer, who oversee the firm's investment direction. The firm employs a centralized risk-book model with strategy heads managing equity, credit, macro, and quantitative sleeves (public record).

How does LMR Partners source proprietary deal flow?

LMR generates deal flow through its in-house research teams across London, Hong Kong, and New York. The firm's systematic models also surface tradable opportunities in less-liquid credit and macro markets that are not accessible via standard broker pools.

Is LMR Partners structured as a single family office or an asset manager?

LMR is structured as an SEC-registered investment adviser and multi-strategy hedge fund. It began with the Rothschild family's capital but now manages external institutional capital alongside founder capital.

What investment strategies does LMR Partners typically employ?

LMR runs four strategies: equity long/short, credit, macro, and quantitative trading. The firm applies a risk parity framework to allocate capital across these strategies, targeting diversification and alpha generation.

Which sectors does LMR Partners explicitly avoid?

LMR does not publicly disclose explicit avoidance sectors. Its multi-strategy mandate allows flexibility, though it has no dedicated venture or private equity arm.

Does LMR Partners maintain philanthropic structures separate from investment activities?

Information on philanthropic structures is not publicly detailed. The firm's public filings focus on its investment management activities rather than separate charitable vehicles.

What is LMR Partners' known posture on co-investments alongside external GPs?

LMR operates primarily as a hedge fund manager rather than a private equity co-investing firm. There is no public evidence of significant co-investment mandates alongside third-party GPs.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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