Cumming Capital Management

About Cumming Capital Management

Cumming Capital Management is a family office headquartered in Salt Lake City, Utah, set up to manage and grow multigenerational wealth for the Cumming family. Ian M. Cumming, a Salt Lake City native, founded it. He built one of the most distinguished long-term investment records in American finance as leader of Leucadia National Corporation, the diversified holding company he co-founded in 1980 and ran for over three decades until retiring in 2013. After his death in 2018, the firm has carried on under his sons, who continue the family's investment philosophy and long-term orientation. It draws on more than five decades of collective family experience in building and preserving wealth across generations. The firm invests across a broad range of asset classes in the value-oriented, long-term spirit of the Cumming family's approach at Leucadia, where compounded annual returns over more than thirty years were often compared with those of Warren Buffett. Its focus is equities, real estate and venture investments, especially technology, healthcare and energy. The venture portfolio has included energy storage, life sciences and technology-enabled businesses, reflecting a preference for companies where operational growth meets structural market opportunity. Its public markets allocation also uses algorithmic trading strategies, combining quantitative methods with a basic commitment to fundamental value creation. Cumming Capital Management is a private family investment office that manages assets for the Cumming family and its associated foundations. Its activities reflect the legacy of Leucadia National Corporation, now operating as Jefferies Financial Group, which under Ian Cumming grew from a distressed holding company into a multi-billion dollar diversified conglomerate with investments in mining, manufacturing, real estate and financial services. The firm continues that tradition of patient, opportunistic capital deployment in public and private markets, and is the main vehicle through which the family sustains and compounds its long-term financial legacy.