Money management firms.EXECUTIVE SUMMARY REBOUNDING equity markets helped the 25 largest money management firms increase 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. in L.A. County to $1.55 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time. (mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed. In the USA and Canada, 10^12. as of Dec. 31, up 26.2 percent from a year earlier. No. 1 Capital Research and Management Co. and its sister company. No. 2 Capital Guardian guardian In law, one who has, or is legally appointed to, the care and management of another, usually a minor. A natural guardian is a guardian by natural relationship (usually the father or mother). Trust Co., accounted for more than half the list's total asset value in 2004. Just one company failed to increase assets last year. Provident prov·i·dent adj. 1. Providing for future needs or events. 2. Frugal; economical. [Middle English, from Latin pr Investment Counsel Inc. fell three spots to No. 23 as assets under management dropped by $200 million, to $6 billion. Two firms saw assets under management more than double. No. 9 NWQ Investment Management Co. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control jumped four spots by increasing assets under management by 127.2 percent, to $30.9 billion. The Los Angeles-based firm's portfolio has 94 percent of its assets in equities with the balance in fixed income. Hotchkis and Wiley Wiley may refer to:
Overall, the 25 largest money management firms in L.A. County employ 305 portfolio managers and 392 researchers. THE PACESETTER CAPITAL RESEARCH AND MANAGEMENT CO. THE Los Angeles-based giant remained the largest locally based money management firm, with assets totaling $703.6 billion as of Dec. 31 - a 24.3 percent increase from a year earlier. Capital Research, part of the Capital Group Cos., is investment adviser to American Funds  Please see the discussion on the talk page. The transition point between a rising, expanding economy to a falling, contracting one. downturn A decline in security prices or economic activity following a period of rising or stable prices or activity. " said Chuck chuck a hand grip to be attached to intramedullary pins to enable the surgeon to rotate or drive them into bone. Freadhoff, director of media relations. In May, Capital Research hired the former head of the Securities and Exchange Commission's mutual fund oversight
Oversight may refer to:
A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction. Notes: Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal firms that sell the funds to clients have drawn scrutiny Scrutiny (Fr. scrutin, Late Lat. scrutinium, from scrutari, to search or examine thoroughly) is a careful examination or inquiry (as though there was a mistake). from the SEC and other regulators. (Roye will not be working on the pending cases.) Capital Research's portfolio is heavily weighted toward equities, which account for 78 percent of its investments. The balance is made up of fixed-income (12 percent) and cash (10 percent). The firm has been hiring and continues to look for new talent in the areas of accounting and information technology, Freadhoff said. There are plans for a 520,000-square-foot facility in Mine, although the headquarters will remain in downtown Downtown (called a "city centre" in British English) is a term used in North America when referring to a city's core, usually both in a geographical and commercial / community sense. L.A. [GRAPHICS OMITTED]
Rank Firm (Ranking in 2004) Assets Managed Minimum
* name (1) (billions) Account
* address * Dec. 31, 2004 (millions)
* Dec. 31, 2003
1 Capital Research and $703.6 varies
Management Co. (1) $532.4
333 S. Hope St.
Los Angeles 90071
2 Capital Guardian Trust Co. (2) 162.1 $10-$50
333 S. Hope St. 146.1
Los Angeles 90071
3 Western Asset Management (3) 150.4 75
385 E. Colorado Blvd. 119.2
Pasadena 91101
4 TCW Group (4) 110 varies
865 S. Figueroa St., Suite 1800 90
Los Angeles 90017
5 Dimensional Fund 65.2 2-10
Advisors Inc. (6) 48.3
1299 Ocean Ave.
Santa Monica 90401
6 Payden & Rygel (5) 54 varies
333 S. Grand Ave., Suite 3200 5
Los Angeles 90071
7 Primecap Management Co. (7) 46.3 N/A (2)
225 S. Lake Ave., Suite 400 34.3
Pasadena 91101
8 Boston Co. Asset Management (8) 33.5 5
400 S. Hope St., Fifth Floor 30.4
Los Angeles 90071
9 NWQ Investment 30.9 2
Management Co. LLC (13) 13.6
2049 Century Park East,
16th Floor
Los Angeles 90067
10 Wells Fargo & Co. (10) 23.5 0.1
333 S. Grand Ave., Suite 540 20.4
Los Angeles 90071
11 Oaktree Capital 22.5 1-3
Management LLC (9) 19
333 S. Grand Ave., 28th Floor
Los Angeles 90071
12 First Quadrant L.P. (12) 21 25
800 E. Colorado Blvd., Suite 900 17.7
Pasadena 91101
13 Hotchkis and Wiley Capital 19.5 15
Management LLC (16) 9.6
725 S. Figueroa St., 39th Floor
Los Angeles 90017
14 Pacific Financial Research (11) 18.6 50 (2)
9601 Wilshire Blvd., Suite 800 17.7
Beverly Hills 90210
15 Metropolitan West Asset 14.1 5-25
Management LLC (14) 13.5
11766 Wilshire Blvd., Suite 1580
Los Angeles 90025
16 Kayne Anderson Rudnik Investment $10.3 $1
Management LLC (15) $10.3
1800 Avenue of the Stars,
Second Floor
Los Angeles 90067
17 Transamerica Investment 9.2 10 (4)
Management LLC (17) 8.1
1150 S. Olive St., Suite 2700
Los Angeles 90015
18 First Pacific Advisors Inc. (23) 8.4 varies
11400 W. Olympic Blvd., 5.5
Suite 1200
Los Angeles 90064
19 Northern Trust Bank of 7.5 2
California N.A. (19) 7.3
355 S. Grand Ave., Suite 2600
Los Angeles 90071
20 City National Bank (22) 6.8 1
400 N. Roxbury Drive 5.7
Beverly Hills 90210
21 Post Advisory Group LLC (24) 6.4 25
11755 Wilshire Blvd., Suite 1400 4.4
Los Angeles 90025
22 CB Richard Ellis 6.1 N/A
Investors LLC (21) 5.8
865 S. Figueroa St., Suite 3500
Los Angeles 90017
23 Provident Investment 6 5
Counsel Inc. (20) 6.2
300 N. Lake Ave.
Pasadena 91101
24 U.S. Trust Co. (25) 5 2
515 S. Flower St., Suite 2700 3.7
Los Angeles 90071
25 Bradford & Marzec Inc. 4.5 0.5
S. Hope St., Suite 4050 4.4
Los Angeles 90071
2004 Portfolio Mix
Rank Firm (Ranking in 2004) Equity Fixed Cash
* name Income Equi-
* address valent
1 Capital Research and 78% 12% 10%
Management Co. (1)
333 S. Hope St.
Los Angeles 90071
2 Capital Guardian Trust Co. (2) 89.1 8.3 2.6
333 S. Hope St.
Los Angeles 90071
3 Western Asset Management (3) 0 100 0
385 E. Colorado Blvd.
Pasadena 91101
4 TCW Group (4) 47 44 0
865 S. Figueroa St., Suite 1800
Los Angeles 90017
5 Dimensional Fund 88 12 0
Advisors Inc. (6)
1299 Ocean Ave.
Santa Monica 90401
6 Payden & Rygel (5) 4 96 0
333 S. Grand Ave., Suite 3200
Los Angeles 90071
7 Primecap Management Co. (7) 97 0 3
225 S. Lake Ave., Suite 400
Pasadena 91101
8 Boston Co. Asset Management (8) 100 0 0
400 S. Hope St., Fifth Floor
Los Angeles 90071
9 NWQ Investment 94 6 0
Management Co. LLC (13)
2049 Century Park East,
16th Floor
Los Angeles 90067
10 Wells Fargo & Co. (10) 50 40 7
333 S. Grand Ave., Suite 540
Los Angeles 90071
11 Oaktree Capital 0 58.4 0
Management LLC (9)
333 S. Grand Ave., 28th Floor
Los Angeles 90071
12 First Quadrant L.P. (12) 33 0 0
800 E. Colorado Blvd., Suite 900
Pasadena 91101
13 Hotchkis and Wiley Capital 100 0 0
Management LLC (16)
725 S. Figueroa St., 39th Floor
Los Angeles 90017
14 Pacific Financial Research (11) 96.7 (3) 0 3.3 (3)
9601 Wilshire Blvd., Suite 800
Beverly Hills 90210
15 Metropolitan West Asset 0 100 0
Management LLC (14)
11766 Wilshire Blvd., Suite 1580
Los Angeles 90025
16 Kayne Anderson Rudnik Investment 90% 10% 0%
Management LLC (15)
1800 Avenue of the Stars,
Second Floor
Los Angeles 90067
17 Transamerica Investment 16 74 10
Management LLC (17)
1150 S. Olive St., Suite 2700
Los Angeles 90015
18 First Pacific Advisors Inc. (23) 47.2 28 23.8
11400 W. Olympic Blvd.,
Suite 1200
Los Angeles 90064
19 Northern Trust Bank of 51 34 8
California N.A. (19)
355 S. Grand Ave., Suite 2600
Los Angeles 90071
20 City National Bank (22) 52 39 7
400 N. Roxbury Drive
Beverly Hills 90210
21 Post Advisory Group LLC (24) 0 100 0
11755 Wilshire Blvd., Suite 1400
Los Angeles 90025
22 CB Richard Ellis 0 0 0
Investors LLC (21)
865 S. Figueroa St., Suite 3500
Los Angeles 90017
23 Provident Investment 93.5 3.6 2.9
Counsel Inc. (20)
300 N. Lake Ave.
Pasadena 91101
24 U.S. Trust Co. (25) 30.9 39.1 26.5
515 S. Flower St., Suite 2700
Los Angeles 90071
25 Bradford & Marzec Inc. 0 100 0
S. Hope St., Suite 4050
Los Angeles 90071
2004
Portfolio Mix
Rank Firm (Ranking in 2004) Real Other L.A. County
* name Estate Staff
* address * portfolio
managers
* resear-
chers
1 Capital Research and 0% 0% 24
Management Co. (1) 36
333 S. Hope St.
Los Angeles 90071
2 Capital Guardian Trust Co. (2) 0 0 15
333 S. Hope St. 37
Los Angeles 90071
3 Western Asset Management (3) 0 0 16
385 E. Colorado Blvd. 26
Pasadena 91101
4 TCW Group (4) 1 8 38
865 S. Figueroa St., Suite 1800 90
Los Angeles 90017
5 Dimensional Fund 0 0 13
Advisors Inc. (6) 7
1299 Ocean Ave.
Santa Monica 90401
6 Payden & Rygel (5) 0 0 28
333 S. Grand Ave., Suite 3200 27
Los Angeles 90071
7 Primecap Management Co. (7) 0 0 5
225 S. Lake Ave., Suite 400 8
Pasadena 91101
8 Boston Co. Asset Management (8) 0 0 N/A
400 S. Hope St., Fifth Floor N/A
Los Angeles 90071
9 NWQ Investment 0 0 6
Management Co. LLC (13) 11
2049 Century Park East,
16th Floor
Los Angeles 90067
10 Wells Fargo & Co. (10) 2 1 26
333 S. Grand Ave., Suite 540 5
Los Angeles 90071
11 Oaktree Capital 6.8 34.8 8
Management LLC (9) 62
333 S. Grand Ave., 28th Floor
Los Angeles 90071
12 First Quadrant L.P. (12) 0 67 4
800 E. Colorado Blvd., Suite 900 11
Pasadena 91101
13 Hotchkis and Wiley Capital 0 0 7
Management LLC (16) 5
725 S. Figueroa St., 39th Floor
Los Angeles 90017
14 Pacific Financial Research (11) 0 0 7
9601 Wilshire Blvd., Suite 800 7
Beverly Hills 90210
15 Metropolitan West Asset 0 0 12
Management LLC (14) 11
11766 Wilshire Blvd., Suite 1580
Los Angeles 90025
16 Kayne Anderson Rudnik Investment 0% 0% 9
Management LLC (15) 7
1800 Avenue of the Stars,
Second Floor
Los Angeles 90067
17 Transamerica Investment 0 0 5
Management LLC (17) 3
1150 S. Olive St., Suite 2700
Los Angeles 90015
18 First Pacific Advisors Inc. (23) 0 1 7
11400 W. Olympic Blvd., 2
Suite 1200
Los Angeles 90064
19 Northern Trust Bank of 4 3 12
California N.A. (19) 0
355 S. Grand Ave., Suite 2600
Los Angeles 90071
20 City National Bank (22) 2 0 21
400 N. Roxbury Drive 10
Beverly Hills 90210
21 Post Advisory Group LLC (24) 0 0 5
11755 Wilshire Blvd., Suite 1400 8
Los Angeles 90025
22 CB Richard Ellis 100 0 8
Investors LLC (21) 4
865 S. Figueroa St., Suite 3500
Los Angeles 90017
23 Provident Investment 0 0 12
Counsel Inc. (20) 5
300 N. Lake Ave.
Pasadena 91101
24 U.S. Trust Co. (25) 0 3.50 12
515 S. Flower St., Suite 2700 N/A
Los Angeles 90071
25 Bradford & Marzec Inc. 0 0 5
S. Hope St., Suite 4050 10
Los Angeles 90071
Rank Firm (Ranking in 2004) Key Executives
* name * chief investment officer
* address * client connection
* phone
1 Capital Research and James F. Rothenberg
Management Co. (1) Chuck Freadhoff
333 S. Hope St. (213) 486-9200
Los Angeles 90071
2 Capital Guardian Trust Co. (2) David Fisher
333 S. Hope St. John Seiter
Los Angeles 90071 (213) 486-9200
3 Western Asset Management (3) S. Kenneth Leech
385 E. Colorado Blvd. Veronica Amici
Pasadena 91101 (626) 844-9400
4 TCW Group (4) Robert D. Breyer
865 S. Figueroa St., Suite 1800 Mark W. Gibello
Los Angeles 90017 (213) 244-0000
5 Dimensional Fund David Booth
Advisors Inc. (6) David Schneider
1299 Ocean Ave. (310) 395-8005
Santa Monica 90401
6 Payden & Rygel (5) Global Policy Committee
333 S. Grand Ave., Suite 3200 Greg Brown
Los Angeles 90071 (213) 625-1900
7 Primecap Management Co. (7) Howard B. Schow
225 S. Lake Ave., Suite 400 Roderick M. Brower
Pasadena 91101 (626) 304-9222
8 Boston Co. Asset Management (8) Corey Griffin
400 S. Hope St., Fifth Floor Robert T. Harkins
Los Angeles 90071 (213) 553-9500
9 NWQ Investment Jon D. Bosse
Management Co. LLC (13) Patrick M. Schloss
2049 Century Park East, (310) 712-4000
16th Floor
Los Angeles 90067
10 Wells Fargo & Co. (10) Dean A. Junkans
333 S. Grand Ave., Suite 540 Richard D. Byrd
Los Angeles 90071 (800) 464-6027
11 Oaktree Capital Howard Marks
Management LLC (9) Erin Kurutz
333 S. Grand Ave., 28th Floor (213) 830-6300
Los Angeles 90071
12 First Quadrant L.P. (12) Max Darnell
800 E. Colorado Blvd., Suite 900 Rick Roberts
Pasadena 91101 (626) 795-8220
13 Hotchkis and Wiley Capital N/A
Management LLC (16) George Davis
725 S. Figueroa St., 39th Floor (213) 430-1000
Los Angeles 90017
14 Pacific Financial Research (11) James H. Gipson
9601 Wilshire Blvd., Suite 800 Kristin Chirba
Beverly Hills 90210 (310) 247-3939
15 Metropolitan West Asset Tad Rivelle
Management LLC (14) Chris Scibelli
11766 Wilshire Blvd., Suite 1580 (310) 966-8900
Los Angeles 90025
16 Kayne Anderson Rudnik Investment Allan Rudnick
Management LLC (15) Steve Rigali
1800 Avenue of the Stars, (800) 231-7414
Second Floor
Los Angeles 90067
17 Transamerica Investment Gary Rolle
Management LLC (17) David Lubchenco
1150 S. Olive St., Suite 2700 (866) 846-1800
Los Angeles 90015
18 First Pacific Advisors Inc. (23) Robert L. Rodriguez
11400 W. Olympic Blvd., A. Maitra/C. Schmitz
Suite 1200 (310) 473-0225
Los Angeles 90064
19 Northern Trust Bank of Patrick J. Everett
California N.A. (19) M. Clark/D. Berghoff
355 S. Grand Ave., Suite 2600 (213) 346-1300
Los Angeles 90071
20 City National Bank (22) Richard Weiss
400 N. Roxbury Drive Antony Orme
Beverly Hills 90210 (310) 888-6396
21 Post Advisory Group LLC (24) Lawrence A. Post
11755 Wilshire Blvd., Suite 1400 Lorraine Spurge
Los Angeles 90025 (310) 996-9700
22 CB Richard Ellis Robert Zerbst
Investors LLC (21) Michael McMenomy
865 S. Figueroa St., Suite 3500 (213) 683-4200
Los Angeles 90017
23 Provident Investment WND
Counsel Inc. (20) Brown Windle
300 N. Lake Ave. (626) 449-8500
Pasadena 91101
24 U.S. Trust Co. (25) Harlan Thompson
515 S. Flower St., Suite 2700 Greg Zappas
Los Angeles 90071 (213) 861-5000
25 Bradford & Marzec Inc. Ted Bradford
S. Hope St., Suite 4050 Lee Scholey
Los Angeles 90071 (213) 687-9170
N/A--Not Applicable
WND--Would Not Disclose
(1) Out of Los Angeles County offices.
(2) Currently closed to new separately managed accounts.
(3) For 95+ Equity investment strategy.
(4) Institutional; $100,000 for separately managed accounts.
Note: Information for this list provided by representatives of the
firms themselves. Firms are ranked by assets under management in
L.A. County offices as of Dec. 31, 2004.
To the best of our knowledge, this information is accurate as of
press time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors
sometimes occur. Please send corrections or additions on company
letterhead to the Research Department, Los Angeles Business Journal,
5700 Wilshire Blvd., Suite 170, Los Angeles 90036. [c] 2005 Los
Angeles Business Journal. This list may not be reprinted in whole
or in part without prior written permission from the editor. Reprints
are available from Wright's Reprints, (877) 652-5295.
Researched by David Nusbaum
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