MONEY MANAGEMENT FIRMS.Ranked by assets managed as of December December: see month. 31, 2000 EXECUTIVE SUMMARY MONEY managers provide a varied class of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , including managing investments, tax planning Tax planning Devising strategies throughout the year in order to minimize tax liability, for example, by choosing a tax filing status that is most beneficial to the taxpayer. , asset allocation Asset Allocation The process of dividing a portfolio among major asset categories such as bonds, stocks or cash. The purpose of asset allocation is to reduce risk by diversifying the portfolio. , retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. , risk management and estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the on behalf of clients. Overall, the 25 companies listed this year manage a total of $935.5 billion in assets, up 4.7 percent over last year when the top 25 managed $893.6 billion. The most notable change on this year's list is Metropolitan West Asset Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , which jumped into the No. 12 spot, up from No. 17 last year. In just one year, the company more than doubled the amount of assets it manages, going from $6.5 billion last year to $13.1 billion today. The list is led again by Capital Research & Management Co., with $362.2 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Noteworthy sliders sliders a species of tortoise kept as pets. They have a black shell and a red stripe behind the eye. Called also Chrysemys scripta elegans, red-eared sliders. include Wilshire Not to be confused with Wiltshire. Wilshire may refer to:
quadrant. 1 In analytic geometry, one of the four regions of the plane determined by two lines, the x-axis and the y-axis. LP, which saw its $32.1 billion in assets managed last year fall to only $18.8 billion today, taking it from No. 6 to No. 9.
THE TRENDS
ASSET ALLOCATION
Net new U.S. mutual fund cash
flow from Jan. 1 to Apr. 1,
2001 by investment objective [*]
Total Equity Funds 40.8% $20.6 billion
Total Hybrid Funds 6.4% $3.2 billion
Total Bond Funds 52.8% $26.7 billion
(*.)Net new cash flow is the dollar value of new
sales minus redemptions, combined with net exchanges.
Source: Investment Company Institute
Note: Table made from pie chart
Rank Firm (Ranking in 2000) Assets Managed
* name (billions)
* address * Dec. 31, 2000
* Dec. 31, 1999
1 Capital Research & Management $362.2
Co. (1) $362.4
333 S. Hope St.
Los Angeles 90071
2 Capital Group International 198.7
Inc. [1] (2) 199.2
333 S. Hope St., 51st Floor
Los Angeles 90071
3 TCW Group (3) 79
865 S. Figueroa St., Suite 1800 71
Los Angeles 90017
4 Dimensional Fund Advisors (5) 33.4
1299 Ocean Ave., 11th Floor 34
Santa Monica 90401
5 Primecap Management Co. 31.8
225 S. Lake Ave. Suite 400 25.2
Pasadena 91101
6 Payden & Rygel (7) 30.5
333 S. Grand Ave., 32nd Floor 28.1
Los Angeles 90071
7 Boston Co. Asset Management LLC (8) 28.9
400 S. Hope St. 24.2
Los Angeles 90071
8 HighMark Capital Management (10) 20.7
445 S. Figueroa St., Third Floor 19.8
Los Angeles 90071
9 First Quadrant LP (6) 18.8
800 E. Colorado Blvd., Suite 900 32.1
Pasadena 91101
10 Provident Investment Counsel (9) 16.7
300 N. Lake Ave. 24.2
Pasadena 91101
11 Roger Engemann & Associates Inc. (11) 14.2
600 N. Rosemead Blvd. 17.5
Pasadena 91107
12 Metropolitan West Asset Management 13.1
LLC (17) 6.5
11766 Wilshire Blvd., Suite 1580
Los Angeles 90025
13 Roxbury Capital Management (14) 11.5
100 Wilshire Blvd., Suite 100 11.2
Santa Monica 90401
14 U.S. Trust Company N.A. (15) 10.5
515 S. Flower St., Suite 2700 10.1
Los Angeles 90071
15 Transamerica Investment Services 9.4
1150 S. Olive St., Suite 2700 10.9
Los Angeles 90015
Rank Financial Products Offered Minimum
(partial list) Separate
Account
(millions)
1 mutual funds, annuities varies
2 U.S., international, global, $10-$25
emerging markets
equities; fixed income and balanced
3 U.S. equities and fixed income, varies
high-yield,
international, mezzanine
distressed and
international private equities
4 micro-cap, smal-cap value, 10-100
small xm
value, large-cap value
5 equities 100
6 high-yield, global and emerging 25
markets bond; enhanced cash; U.S.
small, middle and large-cap
equities
7 large, middle & small 5
capitalization
equity management, fixed income,
cash, international
8 growth, value momentum, 1
income equity,
small-cap value, balanced,
intermediate
fixed, cash management,
core fixed
9 tactial asset allocation, 25
international equity,
enhanced index, small and
large-cap equities,
hedge funds, U.S. and
global market neutral
10 large, middle, small-cap growth 5
equity, balanced,
active core fixed income,
concentrated growth
equity, tax-sensitive, risk-
controlled growth equity
11 individually managed accounts, 0.1
large-cap growth, balanced, small
and middle-cap growth, mutual funds
12 fixed income portfolio management 25
13 large-cap growth, small to 1
middle-cap growth,
balanced, science and technology,
focus non-diversified, socially
responsible
14 investment management, private 2
banking, trust
and estate administration,
financial planning,
special fiduciary services,
corporate trust
15 small and large-cap growth, fixed 25
income, high-yield, convertible,
balanced
Rank Mutual Funds Foreign Assets
* Available for average Managed
individual investors (partial list)
* minimum investment amount
1 yes equities, fixed income,
varies bonds, convertible
securities
2 no corporate and public
NA fund assets
3 yes foreign corporations, insur-
$2,000 ance companies, govern-
ment funds, private clients
4 no international small-cap
2-million portfolio
5 yes none
25,000
6 yes global fixed income,
5,000 global balanced and equity,
international equity
7 no international equity
NA management, global equity,
international fixed income
8 yes international equity
2,000
9 no foreign equities,
NA index futures,
forward contracts
10 yes none
2,000-1 million
11 yes none
25-500
12 yes none
5,000
13 yes none
1,000
14 yes Pan-European, Pacific/
500 Asia, Latin America and
emerging markets fund
15 yes none
1,000
Rank L.A. County Stall Key Executives
* portfolio mgrs. * chief investment officer
* researchers * client contact
* phone
1 18 James Rothenberg
39 Michael Johnston
(213) 486-9200
2 14 David Fisher
32 John Seiter
(213) 486-9200
3 39 M. Attansio/P. Baroch/J.
52 Baz/D. Foreman
Mark Gibello
(213) 244-0000
4 10 Rex Sinquefield
4 George Sands
(310) 395-8005
5 5 Howard Schow
same Roderich Brower
(818) 304-9222
6 19 Investment Policy Committee
21 Gregory Brown
(213) 625-1900
7 1 Quinn Stills
2 Mac Clapp
(213) 533-9519
8 2 Luke Mazur
0 Chip Howard
(213) 236-6747
9 6 Curt Ketterer
15 Rick Roberts
(626) 795-8220
10 23 Larry Tashjian
8 Jeffrey Miller
(626) 449-8500
11 6 Roger Engemann
8 Matthew L. Hall
(626) 351-9686
12 6 Tad Rivelle
6 Chris Scibelli
(310) 966-8900
13 19 Anthony Browne
9 Brian Beh
(310) 917-5600
14 22 Robert Raney
0 Carmie Saldana
(213) 861-5000
15 5 Gary Rolle
same William Miller
(213) 742-4141
16 Wilshire Asset Management (12) $9.2
1299 Ocean Ave., Suite 700 $12.8
Santa Monica 90401
17 Northern Trust Bank of California N.A. (16) 9
355 S. Grand Ave., Suite 2600 7.9
Los Angeles 90071
18 Pacific Financial Research (19) 7.4
9601 Wilshire Blvd. 5.7
Beverly Hills 90210
19 Kayne Anderson Investment Management (21) 6.7
1800 Avenue of the Stars, Second Floor 5.4
Los Angeles 90067
20 NWQ Investment Management Co. (18) 5.7
2049 Century Park East, Fourth Floor 6
Los Angeles 90067
21 Delta Asset Management (20) 4.8
333. S. Grand Ave., Suite 1450 5.7
Los Angeles 90071
22 Whittier Trust Co. 4.3
1600 Huntington Drive 3.9
S. Pasadena 91030
23 Bel Air Investment Advisors LLC 3.3
1999 Avenue of the Stars, Suite 2800 2.9
Los Angeles 90067
24 Fiduciary Trust International of
California (23) 2.9
444 S. Flower St., Suite 3010 2.1
Los Angeles 90071
25 First Pacific Advisors (22) 2.8
11400 W. Olympic Blvd., Suite 1200 3.1
Los Angeles 90064
16 domestic equity, mutual funds, real varies yes
estate, fixed income, private and $1,000
public markets
17 private banking, personal trust, $1 yes
inestment management, corporate and 2,500
institutional services, mutual funds,
brokerage, IRAs
18 large-cap value 25 yes
2,000
19 large-cap, small, middle-cap, varies yes
international, alternative, 2,000
intermediate fixed income
20 large and small-cap value, special 5-7 yes
equity, large-cap balaned, 2,500
special balanced, fixed income
21 U.S. top down large-cap, core equity 20 yes
500,000
22 tax managed growth, value, 10 no
enhanced growth, real estate, NA
oil, gas, opportunity venture
23 large-cap equities, municipal bonds 10 no
NA
24
investment management, trust, 2 no
fixed income, large-cap growth 500,000 [2]
25 small to middle-cap quality, small 10 yes
to middle-cap value, contrarian 1,500
value, intermediate fixed
16 private equity 3 Hal Reynolds
2 Emily Straw
(310) 451-3051
17 American 12 Lynn Danielson
Depository Receipts 0 Bob Tiedemann
(213)-346-1300
18 none 5 James Gipson
7 Paula Ponsetto
(310) 247-3939
19 international equity 8 Allan Rudnick
7 K. Welsh/V. Norton
(800) 231-7414
20 international value 10 Mickael Mendez
12 Patrick Goshtigian
(310) 712-4000
21 none 2 Robert Sandroni
1 William Hibschman
(213) 626-1300
22 international value 4 James Jefts
and growth equities 5 Grace Russak
(626) 441-5111
23 American Depository 9 W. Feiler/M. Powers
Receipts 6 Darell L. Krasnoff
(310) 229-1500
24
pension funds, 6 Jeremy Biggs
public and private 3 Rick Reisman
(213) 489-7400
25 none 4 Robert Rodriguez
3 Cheryl Schmitz
(310) 996-5411
NA - Not Applicable
(1.)Holding company for Capital Guardian
Trust Co., ranked number 2 in 2000.
(2.)Institutional investors.
THE PACESETTER CAPITAL RESEARCH & MANAGEMENT CO. FOUNDED in 1931 by Jonathan Bell Lovelace Jonathan Bell Lovelace (1895-1979) is the founder of The Capital Group Companies. He grew up in Southern Alabama and attended Auburn University. His son, Jonathan Lovlace Jr., currently runs the companies. , Capital Research has grown into a company of more than 5,000 employees working in four national service centers and nine international investment offices. Not only is it the largest money management firm in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Capital Research's American Funds  Please see the discussion on the talk page. The company's funds are sold exclusively through brokers. Capital Research's investment strategy is long-term-value oriented o·ri·ent n. 1. Orient The countries of Asia, especially of eastern Asia. 2. a. The luster characteristic of a pearl of high quality. b. A pearl having exceptional luster. 3. -- it holds onto each stock for an average of four years before selling. Though many of Capital Research's funds trailed the market during the dot-com (1) Refers to the period (dot) followed by the abbreviation of the commercial domain (.com) at the end of an Internet address. Since the .com domain is so widely used, the Internet became known as the "dot-com" world, and dot-com companies are those formed to offer services or craze, a number of its funds posted gains in calendar year 2000, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. John Lawrence John Lawrence can refer to:
Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. results have been better because we avoided the sharp declines last year," he said. "We resisted the over-exuberant market of the last few years... avoiding Internet stocks Internet stock The equity security of a company engaged primarily in a business associated with the Internet. Also called dot-com. and maintaining the long-term approach." Like most money managers, Capital Research does not actively market itself to investors. Instead, it communicates through brokers and dealers. In the event of the addition of a new fund or new shares, Capital Research informs companies such as Salomon Noun 1. Salomon - American financier and American Revolutionary War patriot who helped fund the army during the American Revolution (1740?-1785) Haym Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. and UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System PaineWebber, which in turn advise their clients. [Graph graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. omitted] |
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