Almitas Capital
Investment Details
Investor Type
Private Investment Firm
Asset Class Focus
Fixed Income (Debt and Bonds), Real Estate, Private Equity, Hedge Funds, Infrastructure, Venture Capital
Stage Focus
Growth, Late Stage, Pre-IPO, Buyout, Turnaround, Distressed
Geographical Focus
United States
Industries Focus
- Financial Services
- Technology
- Healthcare
- Energy
- Consumer Goods
- Industrials
- Real Estate
- Materials
- Telecommunications
- Utilities
- Media
- Consumer Services
- Basic Materials
- Consumer Non-Durables
- Consumer Durables
Investment Size:
1,000,000 to 50,000,000 USD
Investor Details Founded: 2013
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.
Requirements
- High-net-worth individuals
- Family foundations
- Institutional clients
Contact
[Official Website Hidden]
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Portfolio Companies
- Pioneer High Income Trust
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