Almitas Capital
Overview
Almitas Capital is a hedge fund based in Santa Monica, California, specializing in alternative investment strategies. Founded in 2013 by credit market veteran Ron Mass, the firm offers investment management services to high-net-worth individuals, family foundations, and institutional clients. As of 2025, Almitas Capital manages over $700 million in assets, with a focus on sectors such as closed-end funds, mortgage REITs, and preferred stocks. The firm's investment approach is value-driven, leveraging proprietary data and deep market expertise to generate alpha. Almitas Capital manages the Almitas Opportunity Fund and Almitas Tactical Fund, targeting investments in closed-end funds, mortgage REITs, and preferred stocks. The firm has held a shareholding in Pioneer High Income Trust since 2022 and previously held shares between 2015 and 2021. Almitas Capital's team is led by Ronald Mass, who has over 25 years of experience in equity and fixed income markets. Prior to founding Almitas Capital, Mr. Mass was a senior portfolio manager at Western Asset Management, managing over $100 billion in assets. He holds a B.A. in Economics and Business from the University of California, Los Angeles, and is a CFA Charterholder. Mr. Mass currently serves as a board member of Woodside Homes and is a guest lecturer at the UCLA Anderson School of Management and the CFA Society of Los Angeles.
Investment Focus
- High-net-worth individuals
- Family foundations
- Institutional clients
Portfolio Companies
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Frequently asked questions about Almitas Capital
What sectors does Almitas Capital invest in?
Almitas Capital invests in Financial Services, Technology, Healthcare, Energy, Consumer Goods and Industrials, and is based in California, United States. Almitas Capital is listed as a private investment firm in the ConnectSafely investor database.
What stage does Almitas Capital invest at?
Almitas Capital backs companies at Growth, Late Stage, Pre-IPO, Buyout, Turnaround and Distressed, writing cheques of 1M - 50M.
Which regions does Almitas Capital invest in?
Almitas Capital invests across United States.
Who are the partners at Almitas Capital?
Team members listed for Almitas Capital include Ron Mass (Managing Principal) and Timothy Deering (Head Of Operations).
What companies has Almitas Capital invested in?
Almitas Capital's portfolio includes Pioneer High Income Trust.
How do I contact Almitas Capital?
Almitas Capital's contact details — including LinkedIn — are listed in the ConnectSafely investor database, along with its website and the LinkedIn profiles of its partners.
Last updated · Source: ConnectSafely investor database
