20 LOS ANGELES BUSINESS JOURNAL JUNE 1, 2015
THE LIST Ranked by assets managed in Los Angeles County as of Dec. 31MONEY MANAGEMENT FIRMS
NExT wEEkThe Largest Minority-Owned Businesses in Los Angeles County
Portfolio MixRank Firm• name
• address
• website
Assets Managedin L.A. County1
• 2014
• 2013
• equity • fixed
income
• cash
equivalent
• real
estate
• other
L.A. CountyStaff• portfolio
managers
• researchers
Profile• headquarters
• client contact(s)
Chief InvestmentOfficer• name
• phone
1Capital Group333 S. Hope St.Los Angeles 90071thecapitalgroup.com
$1,396.8$1,338.8
77% 15% 8% 0% 0% 5456
Los AngelesWalt Best
Timothy D. Armour(213) 486-9200
2Western Asset Management385 E. Colorado Blvd.Pasadena 91101westernasset.com
206.4180.3
0 100 0 0 0 2720
PasadenaSteven K.Puodziunas
S. Kenneth Leech(626) 844-9400
3Guggenheim Partners Asset Management100 Wilshire Blvd.Santa Monica 90401guggenheimpartners.com
195.9171.8
22 72 0 0 6 1653
New York/ChicagoN/A
Scott Minerd(310) 576-1270
4TCW Group Inc.865 S. Figueroa St., Suite 1800Los Angeles 90017tcw.com
163.4131.9
17 78 0 0 5 1784
Los AngelesJoseph CarieriAlex McCulloch
Michael P. ReillyTad Rivelle(213) 244-0000
5Primecap Management Co.225 S. Lake Ave., Suite 400Pasadena 91101primecapmanagement.com
104.087.9
100 0 0 0 0 N/AN/A
PasadenaDouglas E. McCrary
N/A(626) 304-9222
6CBRE Global Investors515 S. Flower St., 31st FloorLos Angeles 90071cbreglobalinvestors.com
90.689.1
0 0 0 100 0 N/AN/A
Los AngelesMichaelMcMenomy
Matt Khourie(213) 683-4200
7Ares Management2000 Avenue of the Stars, 12th FloorLos Angeles 90067aresmgmt.com
86.082.0
N/A N/A N/A N/A N/A N/AN/A
Los AngelesN/A
Antony Ressler(310) 201-4100
8Payden & Rygel333 S. Grand Ave.Los Angeles 90071payden.com
83.882.8
1 99 0 0 0 N/AN/A
Los AngelesBrian W. MatthewsJames P. Sarni
Investment PolicyCommittee(213) 625-1900
9Morgan Stanley444 S. Flower St., 34th FloorLos Angeles 90071morganstanley.com
74.921.7
N/A N/A N/A N/A N/A N/AN/A
New YorkN/A
N/A(213) 486-8915
10Oaktree Capital Management333 S. Grand Ave., 28th FloorLos Angeles 90071oaktreecapital.com
71.366.3
5 49 0 8 38 N/AN/A
Los AngelesJake Scannell
Bruce Karsh(213) 830-6300
11DoubleLine Capital333 S. Grand Ave., 18th FloorLos Angeles 90071doubleline.com
63.648.4
0 99 0 0 1 2027
Los AngelesGregory Uythoven
Jeffrey Gundlach(213) 633-8200
12UBS Financial Services Inc.725 S. Figueroa St., Suite 4100Los Angeles 90017ubs.com
56.654.2
47 30 11 0 12 N/AN/A
Zurich & Basel,SwitzerlandRon Meraz
Michael Ryan(213) 253-9417
13Angeles Investment Advisors429 Santa Monica Blvd., Suite 650Santa Monica 90401angelesadvisors.com
47.0N/A
N/A N/A N/A N/A N/A 5712
Santa MonicaSandra Kridel
Michael A. Rosen(310) 393-6300
14Merrill Lynch350 S. Grand Ave., Suite 2700Los Angeles 90071ml.com
44.139.5
N/A N/A N/A N/A N/A 4400
Charlotte, N.C.Dominic Chow
Ashvin Chhabra(800) 937-0620
15Causeway Capital Management2
11111 Santa Monica Blvd., 15th FloorLos Angeles 90025causewaycap.com
36.428.0
100 0 0 0 0 N/AN/A
Los AngelesMark Cone
Sarah Ketterer(310) 231-6100
16FPA11601 Wilshire Blvd., Suite 1200Los Angeles 90025fpafunds.com
33.628.3
44 44 10 0 1 1218
Los AngelesMark HancockRobert Yun
N/A(800) 982-4372
17Hotchkis and Wiley Capital Management725 S. Figueroa St., 39th FloorLos Angeles 90017hwcm.com
32.226.0
90 7 2 0 1 N/AN/A
Los AngelesSheldon Lieberman
George Davis(213) 430-1000
18Kayne Anderson Capital Advisors1800 Avenue of the Stars, Third FloorLos Angeles 90067kaynecapital.com
27.325.1
N/A N/A N/A N/A N/A N/AN/A
Los AngelesN/A
Bob Sinnott(800) 638-1496
19Wells Fargo & Co.707 Wilshire Blvd.Los Angeles 90017wellsfargo.com
26.924.6
44 35 7 3 11 N/AN/A
San FranciscoJoe DeFur
Erik H Davidson(800) 869-3557
20City National Corp.555 S. Flower St.Los Angeles 90071cnb.com
26.221.7
36 34 23 0 7 N/AN/A
Los AngelesBruce Simon
Bruce Simon(310) 888-6300
1 In billions.2 Financial information from SEC filings.N/A - Not Available Note: Information for this list provided by representatives of the firmsthemselves. Firms are ranked by assets under management in L.A. County offices as ofDec. 31, 2014. 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 oncompany letterhead to the Research Department, Los Angeles Business Journal, 5700Wilshire Blvd., Suite 170, Los Angeles 90036. ©2015 Los Angeles Business Journal. Thislist may not be reprinted in whole or in part without prior written permission from theeditor. Reprints are available from the YGS Group, (800) 290-5460 ext. 100.
Researched by David Nusbaum
THE PACESETTER: Capital Group tops the list of the largest money management firms in Los Angeles County with assets of nearly $1.4 trillion as of Dec. 31, up 4 percent from a year earlier. The company operates the American Funds family of mutual funds. Capital Group is headquartered in downtown Los Angeles and has 29 offices worldwide.
1
Continued on page 22
FUND: SPDR DoubleLine Total Return Tactical ETF was launched on Feb. 23. The fund raised $500 million in assets in less than three months since inception.
11
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’10 ’11 ’12 ’13 ’14
9,300
9,100
8,900
8,700
8,500
On the rise
’10 ’11 ’12 ’13 ’14
21%
20
19
18
17
16
15
14
4,578
4,456
4,289
4,146
4,068
Shaking Out
2010 2011 2012 2013 2014
’10 ’11 ’12 ’13 ’14
$16
15
14
13
12
11
Bounce back
’10 ’11 ’12 ’13 ’14
$2.00
1.75
1.50
1.25
1.00
0.75
Fund of funds
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
’10 ’11 ’12 ’13 ’14
$750
660
570
480
390
300
On the move
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
Fund of FundsNet assets of mutual funds that invest in other funds have increased in popularity. (in trillions)
Source: Investment Company Institute
20-26_list_moneymanagers.indd 20 5/28/2015 4:52:50 PM
22 LOS ANGELES BUSINESS JOURNAL The LisT JUNE 1, 2015
Continued from page 20MONeY MANAGeMeNT FiRMs
Portfolio MixRank Firm• name
• address
• website
Assets Managedin L.A. County1
• 2014
• 2013
• equity • fixed
income
• cash
equivalent
• real
estate
• other
L.A. CountyStaff• portfolio
managers
• researchers
Profile• headquarters
• client contact(s)
Chief InvestmentOfficer• name
• phone
21J.P. Morgan Private Bank2029 Century Park East, Floor 39Los Angeles 90067jpmorgan.com/privatebank
$24.0$23.7
N/A N/A N/A N/A N/A N/AN/A
New YorkLeslie LassiterBob Graziano
N/A(310) 860-7175
22Canyon Partners2
2000 Avenue of the Stars, 11th FloorLos Angeles 90067canyonpartners.com
23.726.7
N/A N/A N/A N/A N/A 717
Los AngelesIngrid Kiefer
Joshua FriedmanMitchell Julis(310) 272-1000
23First Quadrant3
800 E. Colorado Blvd., Suite 900Pasadena 91101firstquadrant.com
22.817.3
26 0 0 0 74 N/AN/A
PasadenaJim Tufts
Max Darnell(626) 795-8220
24Cetera Advisors Network200 N. Sepulveda Blvd., Suite 1300El Segundo 90245ceteraadvisornetworks.com
19.017.1
N/A N/A N/A N/A N/A N/AN/A
El SegundoN/A
Douglas King(800) 879-8100
25Colony Capital2450 Broadway, Sixth FloorSanta Monica 90404colonyinc.com
19.015.0
0 0 0 100 0 N/AN/A
Santa MonicaRommel Marseille
Kevin Traenkle(310) 282-8820
26Los Angeles Capital Management andEquity Research3
11150 Santa Monica Blvd., Suite 200Los Angeles 90025; lacapm.com
18.815.9
100 0 0 0 0 N/AN/A
Los AngelesThomas D. Stevens
Hal W. Reynolds(310) 479-9998
27Crescent Capital Group11100 Santa Monica Blvd., Suite 2000Los Angeles 90025crescentcap.com
17.012.0
0 100 0 0 0 N/AN/A
Los AngelesJoseph T. Viola
Committee(310) 235-5900
28Wilshire Associates Inc.1299 Ocean Ave., Suite 700Santa Monica 90401wilshire.com
12.27.1
N/A N/A N/A N/A N/A N/AN/A
Santa MonicaN/A
N/A(310) 451-3051
29NWQ Investment Management Co.2049 Century Park East, 16th FloorLos Angeles 90067nwq.com
12.115.1
83 17 0 0 0 810
Los AngelesPatrick M. Schloss
Jon D. Bosse(310) 712-4000
30Analytic Investors3
555 W. Fifth St., 50th FloorLos Angeles 90013aninvestor.com
11.78.9
91 0 0 0 9 N/AN/A
Los AngelesGeorge Matthews
Dennis BeinGregory McMurran(213) 688-3015
31Pacific Income Advisers3
1299 Ocean Ave.Santa Monica 90401pacificincome.com
10.511.8
0 100 0 0 0 N/AN/A
Santa MonicaAustin Rutledge
Lloyd McAdams(310) 393-1424
32Kayne Anderson Rudnick InvestmentManagement1800 Avenue of the Stars, Second FloorLos Angeles 90067; kayne.com
10.09.2
86 14 0 0 0 104
Los AngelesStephen Rigali
Douglas S. Foreman(800) 231-7414
33Post Advisory Group3
1620 26th St., Suite 6500Santa Monica 90404postadvisory.com
9.511.3
0 100 0 0 0 N/AN/A
Santa MonicaRamsey Jay Jr.
Henry Chyung(310) 996-9600
34Aristotle Capital Management11100 Santa Monica Blvd., Suite 1700Los Angeles 90025aristotlecap.com
8.86.6
97 0 3 0 0 510
Los AngelesRanjit SufiMatt Schleichkorn
Howard Gleicher(310) 478-4005
35Advanced Research Investment Solutions9150 Wilshire Blvd., Suite 220Beverly Hills 90212arisconsulting.com
8.40.0
30 30 1 4 35 24
Beverly HillsAlex Shahidi
Alex Shahidi(424) 283-3800
36Beach Point Capital Management1620 26th St., Suite 6000NSanta Monica 90404beachpointcapital.com
8.37.2
9 78 13 0 0 615
Santa MonicaJohn Quintanar
Carl GoldsmithScott Klein(310) 996-9700
37Whittier Trust Co.1600 Huntington DriveSouth Pasadena 91030whittiertrust.com
7.87.1
62 15 3 10 10 86
South PasadenaN/A
N/A(626) 441 5111
38Northern Trust2049 Century Park East, Suite 3600Los Angeles 90067northerntrust.com
7.66.7
50 42 3 3 3 181
ChicagoMichele L. Havens
Richard K. Barnett(800) 257-0901
39Santa Barbara Asset Management2049 Century Park East, 17th FloorLos Angeles 90067sbasset.com
7.56.4
95 0 5 0 0 15
Los AngelesPatrick M. Schloss
James M. Boothe(310) 552-5100
40First Republic Investment Management1888 Century Park EastLos Angeles 90067firstrepublic.com
7.34.4
36 52 4 0 8 179
San FranciscoGeorge Buza
Michelle Watson(888) 201-3726
1 In billions.2 Includes Canyon Capital Advisors, Canyon Capital Realty Advisors and ICE Canyon.3 Financial information from SEC filings.N/A - Not Available Note: Information for this list provided by representatives of the firmsthemselves. Firms are ranked by assets under management in L.A. County offices as ofDec. 31, 2014. 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, omissionsand typographical errors sometimes occur. Please send corrections or additions oncompany letterhead to the Research Department, Los Angeles Business Journal, 5700Wilshire Blvd., Suite 170, Los Angeles 90036. ©2015 Los Angeles Business Journal. Thislist may not be reprinted in whole or in part without prior written permission from theeditor. Reprints are available from the YGS Group, (800) 290-5460 ext. 100.
Researched by David Nusbaum
34
35
STARTUP: Alex Shahidi and Damien Bisserier launched Advanced Research Investment Solutions last year. Shahidi had been at Merrill Lynch and Bisserier was a senior investment professional at hedge fund Bridgewater Associates.
BOSTON: Aristotle Capital Management expanded its equity platform and geographic presence in January, forming Aristotle Capital Boston through the acquisition of the small cap equity and small/mid cap equity strategies of another money management firm.
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’10 ’11 ’12 ’13 ’14
9,300
9,100
8,900
8,700
8,500
On the rise
’10 ’11 ’12 ’13 ’14
21%
20
19
18
17
16
15
14
4,578
4,456
4,289
4,146
4,068
Shaking Out
2010 2011 2012 2013 2014
’10 ’11 ’12 ’13 ’14
$16
15
14
13
12
11
Bounce back
’10 ’11 ’12 ’13 ’14
$2.00
1.75
1.50
1.25
1.00
0.75
Fund of funds
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
’10 ’11 ’12 ’13 ’14
$750
660
570
480
390
300
On the move
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
On the RiseThe number of companies managing mutual funds in the U.S.
Source: Investment Company Institute
20-26_list_moneymanagers.indd 22 5/28/2015 4:53:00 PM
June 1, 2015 The LisT LOS AnGeLeS BuSIneSS JOuRnAL 23
MONeY MANAGeMeNT FiRMs
Portfolio MixRank Firm• name
• address
• website
Assets Managedin L.A. County1
• 2014
• 2013
• equity • fixed
income
• cash
equivalent
• real
estate
• other
L.A. CountyStaff• portfolio
managers
• researchers
Profile• headquarters
• client contact(s)
Chief InvestmentOfficer• name
• phone
41National Planning Corp.2
100 N. Sepulveda Blvd., Suite 1800El Segundo 90245joinnpc.com
$7.2$6.1
N/A N/A N/A N/A N/A N/AN/A
El SegundoN/A
N/A(800) 881-7174
42American Realty Advisors801 N. Brand Blvd., Suite 800Glendale 91203americanreal.com
6.86.0
0 0 2 98 0 N/AN/A
GlendaleJay Butterfield
Kirk Helgeson(818) 545-1152
43Everett Harris & Co.888 W. Sixth St.,10th FloorLos Angeles 90017everettharris.com
6.76.4
60 35 5 0 0 95
Los AngelesOliver CraryAnny Choe
Jim Ward(213) 625-2677
44Bel Air Investment Advisors1999 Avenue of the Stars, Suite 2800Los Angeles 90067belair-llc.com
6.55.6
40 41 17 0 2 N/AN/A
Los AngelesTodd M. Morgan
Committee(310) 229-1500
45Fiduciary Trust Co. International444 S. Flower St., Suite 3200Los Angeles 90071fiduciarytrust.com
6.47.3
72 10 5 0 13 40
Los AngelesStephen J. Dutka
Ronald Sanchez(800) 421-9683
46Lowe Enterprises11777 San Vicente Blvd., Suite 900Los Angeles 90049loweenterprises.com
6.35.3
0 0 0 100 0 9N/A
Los AngelesMike Lowe
Bleecker SeamanBrad Howe(310) 820-6661
47Empyrean Capital Partners10250 Constellation Blvd., Suite 2950Los Angeles 90067empyrean.com
5.84.5
N/A N/A N/A N/A N/A N/AN/A
Los AngelesN/A
Amos Meron(310) 843-3000
48BNY Mellon Wealth Management10250 Constellation Blvd., Suite 2100Los Angeles 90067bnymellonwealthmanagement.com
5.64.1
N/A N/A N/A N/A N/A N/AN/A
New YorkDavid Emmes
Leo P. Grohowski(310) 551-7600
49Flaherty & Crumrine Inc.301 E. Colorado Blvd., Suite 720Pasadena 91101flaherty-crumrine.com
5.05.5
0 100 0 0 0 41
PasadenaChad Conwell
Committee(626) 795-7300
50Bay Mutual Financial2
2425 Olympic Blvd., Suite 140ESanta Monica 90404baymutual.com
4.94.9
N/A N/A N/A N/A N/A N/AN/A
Santa MonicaN/A
Martin W. "Bud"Pernoll(310) 586-3222
1 In billions.2 Financial information from SEC filings.N/A - Not Available
Note: Information for this list provided by representatives of the firms themselves. Firmsare ranked by assets under management in L.A. County offices as of Dec. 31, 2014.
Researched by David Nusbaum
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Continued on page 24
57%Did not own
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’10 ’11 ’12 ’13 ’14
9,300
9,100
8,900
8,700
8,500
On the rise
’10 ’11 ’12 ’13 ’14
21%
20
19
18
17
16
15
14
4,578
4,456
4,289
4,146
4,068
Shaking Out
2010 2011 2012 2013 2014
’10 ’11 ’12 ’13 ’14
$16
15
14
13
12
11
Bounce back
’10 ’11 ’12 ’13 ’14
$2.00
1.75
1.50
1.25
1.00
0.75
Fund of funds
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
’10 ’11 ’12 ’13 ’14
$750
660
570
480
390
300
On the move
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
Fund OwnersThe percentage of American households invested in mutual funds.
43%Owned
Source: Investment Company Institute
20-26_list_moneymanagers.indd 23 5/28/2015 4:55:04 PM
24 LOS ANGELES BUSINESS JOURNAL The LisT JUNE 1, 2015
Continued from page 23MONeY MANAGeMeNT FiRMs
Portfolio MixRank Firm• name
• address
• website
Assets Managedin L.A. County1
• 2014
• 2013
• equity • fixed
income
• cash
equivalent
• real
estate
• other
L.A. CountyStaff• portfolio
managers
• researchers
Profile• headquarters
• client contact(s)
Chief InvestmentOfficer• name
• phone
51Camden Asset Management2
2029 Century Park East, Suite 2010Los Angeles 90067camdenasset.com
$4.8$3.6
14% 84% 0% 0% 2% N/AN/A
Los AngelesBarbara Detwiler
John Wagner(310) 203-4200
52Tradewinds Global Investors2049 Century Park East, 20th FloorLos Angeles 90067tradewinds.com
4.66.1
100 0 0 0 0 810
Los AngelesPatrick M. Schloss
Emily AlejosAndrew Thelen(310) 552-8900
53Bradford & Marzec333 S. Hope St., Suite 4050Los Angeles 90071bradfordmarzec.com
4.55.0
0 100 0 0 0 116
Los AngelesZee Marzec
N/A(213) 687-9170
54RNC Genter Capital Management11601 Wilshire Blvd., 25th FloorLos Angeles 90025rncgenter.com
4.54.3
32 49 2 0 17 109
Los AngelesCameron LaveyBrian Elliott
Daniel J. Genter(800) 877-7624
55Coast Asset Management11150 Santa Monica Blvd., Suite 1400Los Angeles 90025coastasset.com
4.29.1
N/A N/A N/A N/A N/A N/AN/A
Los AngelesDave Smith
N/A(310) 576-3500
56Halbert Hargrove111 Ocean Blvd., 23rd FloorLong Beach 90802halberthargrove.com
4.14.0
45 25 1 6 23 N/AN/A
Long BeachRuss Hill
Russ Hill(562) 435-5657
57Signature Estate & Investment Advisors2121 Avenue of the Stars, Suite 1600Los Angeles 90067seia.com
3.92.7
60 26 5 0 9 36
Los AngelesN/A
Deron McCoy(310) 712-2323
58Lombardia Capital Partners2
55 S. Lake Ave., Suite 750Pasadena 91101lombardiacapital.com
3.73.7
N/A N/A N/A N/A N/A N/AN/A
N/AAlvin Marley
N/A(626) 568-2792
59Huber Capital Management2321 Rosecrans Ave., Suite 3245El Segundo 90245hubercap.com
3.53.9
96 0 4 0 0 51
El SegundoN/A
Joseph R. Huber(310) 207-8400
60Churchill Management Group5900 Wilshire Blvd., Suite 400Los Angeles 90036churchillmanagement.com
3.43.2
84 10 6 0 0 62
Los AngelesTed L. Fern
Fred A. Fern(877) 937-7110
61LourdMurray9777 Wilshire Blvd., Suite 1018Beverly Hills 90212lourdmurray.com
3.32.4
65 23 4 6 2 33
Beverly HillsJonathan Sumilang
Blaine LourdPalmer Murray(310) 300-9898
62Capital Research + Consulting2
15 S. Raymond Ave., Suite 200Pasadena 91105capitalresearchandconsulting.com
3.33.1
N/A N/A N/A N/A N/A N/AN/A
PasadenaMichael Haney
Steven Arnold(626) 844-1440
63Dalton Investments1601 Cloverfield Blvd., Suite 5050 NSanta Monica 90404daltoninvestments.com
3.22.7
95 5 0 0 0 N/AN/A
Los AngelesBelita OngMegan JenningsArthur Hebert
James Rosenwald III(424) 231-9100
64Main Street Advisors2
3110 Main St., Suite 310Santa Monica 90405N/A
2.91.8
N/A N/A N/A N/A N/A N/AN/A
Santa MonicaPaul Wachter
N/A(310) 392-7607
65Focused Investors2
9777 Wilshire Blvd., Suite 910Beverly Hills 90212focusedinvestors.com
2.92
2.8N/A N/A N/A N/A N/A N/A
N/ABeverly HillsN/A
Bruce Veaco(310) 734-1200
66Mesa West Capital11755 Wilshire Blvd., Suite 2100Los Angeles 90025mesawestcapital.com
2.81.9
0 0 0 100 0 N/AN/A
Los AngelesRyan Krauch
N/A(310) 806-6317
67Palisades Group11755 Wilshire Blvd., Suite 1700Los Angeles 90025palisades.us.com
2.81.7
N/A N/A N/A N/A N/A N/AN/A
Los AngelesN/A
Stephen Kirch(424) 280-7560
68Ivory Investment Management11755 Wilshire Blvd., Suite 1350Los Angeles 90025ivorycapital.com
2.62.0
N/A N/A N/A N/A N/A N/AN/A
Los AngelesCraig Pollak
Curtis Macnguyen(310) 899-7300
69U.S. Bank633 W. Fifth St.Los Angeles 90071usbank.com
2.52.2
48 36 5 9 3 31
MinneapolisStephen M.Sherline
Tim Leach(213) 615-6566
70Clifford Swan Investment Counsel177 E. Colorado Blvd., Suite 550Pasadena 91105cliffordswan.com
2.52.3
67 24 8 0 1 1415
PasadenaLinda Davis Taylor
Peter Boyle(626) 792-2228
1 In billions.2 Financial information from SEC filings.N/A - Not Available Note: Information for this list provided by representatives of the firmsthemselves. Firms are ranked by assets under management in L.A. County offices as ofDec. 31, 2014. 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 oncompany letterhead to the Research Department, Los Angeles Business Journal, 5700Wilshire Blvd., Suite 170, Los Angeles 90036. ©2015 Los Angeles Business Journal. Thislist may not be reprinted in whole or in part without prior written permission from theeditor. Reprints are available from the YGS Group, (800) 290-5460 ext. 100.
Researched by David Nusbaum
70
MILESTONE: Clifford Swan Investment Counsel in Pasadena will have its 100th anniversary this year.
PARTNERSHIP: Bradford & Marzec Inc. entered a partnership with San Francisco advisory firm McMorgan & Co. in February in which McMorgan become a minority equity investor assumed management of sales and marketing programs.
53
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’10 ’11 ’12 ’13 ’14
9,300
9,100
8,900
8,700
8,500
On the rise
’10 ’11 ’12 ’13 ’14
21%
20
19
18
17
16
15
14
4,578
4,456
4,289
4,146
4,068
Shaking Out
2010 2011 2012 2013 2014
’10 ’11 ’12 ’13 ’14
$16
15
14
13
12
11
Bounce back
’10 ’11 ’12 ’13 ’14
$2.00
1.75
1.50
1.25
1.00
0.75
Fund of funds
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
’10 ’11 ’12 ’13 ’14
$750
660
570
480
390
300
On the move
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
Bounce BackNet assets of U.S. mutual funds continue to rise. (in trillions)
Source: Investment Company Institute
20-26_list_moneymanagers.indd 24 5/28/2015 4:55:11 PM
June 1, 2015 The LisT LOS AnGeLeS BuSIneSS JOuRnAL 25
MONeY MANAGeMeNT FiRMs
Portfolio MixRank Firm• name
• address
• website
Assets Managedin L.A. County1
• 2014
• 2013
• equity • fixed
income
• cash
equivalent
• real
estate
• other
L.A. CountyStaff• portfolio
managers
• researchers
Profile• headquarters
• client contact(s)
Chief InvestmentOfficer• name
• phone
71Mar Vista Investment Partners11150 Santa Monica Blvd., Suite 320Los Angeles 90025marvistainvestments.com
$2.3$1.8
92% 0% 8% 0% 0% 24
Los AngelesJon R. Foust
N/A(310) 917-2800
72Covington Capital Management601 S. Figueroa St., Suite 2000Los Angeles 90017covingtoncapitalmanagement.com
2.01.8
55 40 5 0 0 9N/A
Los AngelesJeffrey Glassman
Gary Arakawa(213) 629-7500
73EP Wealth Advisors21515 Hawthorne Blvd., Suite 1200Torrance 90503epwealth.com
1.81.6
N/A N/A N/A N/A N/A N/AN/A
TorranceN/A
Kevin Ashworth(310) 543-4559
74Westmount Asset Management2049 Century Park East, Suite 2500Los Angeles 90067westmount.com
1.81.7
50 25 0 0 25 92
Los AngelesSean CauvelMike Amash
Jim Berliner(310) 556-2502
75Sierra Investment Management Inc.2
3420 Ocean Park Blvd., Suite 3060Santa Monica 90405sierrainvestment.com
1.71.8
1 99 0 0 0 N/AN/A
Santa MonicaJoy Bunzel
David C. Wright(310) 452-1887
76Glendon Capital Management1620 26th St., Suite 2000NSanta Monica 90404N/A
1.72.3
N/A N/A N/A N/A N/A N/AN/A
Santa MonicaN/A
Matthew Barrett(310) 907-0450
77SSI Investment Management9440 Santa Monica Blvd., Eighth FloorBeverly Hills 90210ssi-invest.com
1.61.7
32 46 0 0 22 94
Los AngelesSteve Spare
George Douglas(310) 595-2000
78Patterson Capital Corp.2
11100 Santa Monica Blvd., Suite 1950Los Angeles 90025pattersoncapital.com
1.61.3
N/A N/A N/A N/A N/A N/AN/A
Los AngelesN/A
Joseph Patterson(310) 556-2496
79West Gate Horizons Advisors633 W. Fifth St., Suite 6600Los Angeles 90071westgatehorizons.com
1.51.4
0 100 0 0 0 16
Los AngelesMichael D. Hatley
Michael D. Hatley(213) 621-3700
80Camden Capital2301 Rosecrans Ave., Suite 2110El Segundo 90245camdencapital.com
1.51.1
42 31 4 5 18 46
El SegundoJohn Krambeer
John Krambeer(310) 725-0210
1 In billions.2 Financial information from SEC filings.N/A - Not Available
Note: Information for this list provided by representatives of the firms themselves. Firmsare ranked by assets under management in L.A. County offices as of Dec. 31, 2014.
Researched by David Nusbaum
Accepting Nominations!
To obtain the nomination form, please contact Naz Bayazit via email at [email protected].
On July 20, 2015 the Los Angeles Business Journal will publish its annual Most Infl uential Lawyers Supplement. This year we will profi le lawyers who work at a law fi rm and specialize in White Collar and Cyber Crimes law.
You are invited to nominate deserving individuals (must be based in Los Angeles County) for consideration. The nomination deadline is Friday, June 19, 2015.
Continued on page 26
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’10 ’11 ’12 ’13 ’14
9,300
9,100
8,900
8,700
8,500
On the rise
’10 ’11 ’12 ’13 ’14
21%
20
19
18
17
16
15
14
4,578
4,456
4,289
4,146
4,068
Shaking Out
2010 2011 2012 2013 2014
’10 ’11 ’12 ’13 ’14
$16
15
14
13
12
11
Bounce back
’10 ’11 ’12 ’13 ’14
$2.00
1.75
1.50
1.25
1.00
0.75
Fund of funds
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
’10 ’11 ’12 ’13 ’14
$750
660
570
480
390
300
On the move
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
Index FundsIndex funds have increase their percentage of mutual fund assets.
Source: Investment Company Institute
20-26_list_moneymanagers.indd 25 5/28/2015 6:01:15 PM
26 LOS ANGELES BUSINESS JOURNAL The LisT JUNE 1, 2015
Continued from page 25MONeY MANAGeMeNT FiRMs
Portfolio MixRank Firm• name
• address
• website
Assets Managedin L.A. County1
• 2014
• 2013
• equity • fixed
income
• cash
equivalent
• real
estate
• other
L.A. CountyStaff• portfolio
managers
• researchers
Profile• headquarters
• client contact(s)
Chief InvestmentOfficer• name
• phone
81AMI Asset Management Corp.10866 Wilshire Blvd., Suite 770Los Angeles 90024amiassetmanagement.com
$1.5$1.3
78% 18% 4% 0% 0% 43
Los AngelesMatt Humiston
N/A(424) 320-4000
82Morton Capital Management23945 Calabasas RoadCalabasas 91302mortoncapital.com
1.41.3
26 17 5 13 39 97
CalabasasEric Selter
Sasan FaizLon Morton(818) 222-4727
83First Western Capital Management2
1900 Avenue of the Stars, Suite 900Los Angeles 90067fwcapmgmt.com
1.41.4
21 79 0 0 0 N/AN/A
Los AngelesKenneth Malamed
Kenneth Malamed(310) 229-2940
84Poplar Forest Capital70 S. Lake Ave., Suite 930Pasadena 91101poplarforestfunds.com
1.40.9
96 0 4 0 0 34
PasadenaChris Morphy
Dale Harvey(626) 304-6000
85Abacus Wealth Partners429 Santa Monica Blvd., Suite 500Santa Monica 90401abacuswealth.com
1.41.0
N/A N/A N/A N/A N/A N/AN/A
Santa MonicaN/A
N/A(888) 422-2287
86Cliffwater2
4640 Admiralty WayMarina del Rey 90292cliffwater.com
1.31.1
N/A N/A N/A N/A N/A N/AN/A
Marina del ReyN/A
Stephen L. Nesbitt(310) 448-5000
87CS Capital Management Inc.222 N. Sepulveda Blvd., Suite 2000El Segundo 90245cscapitalinc.com
1.31.0
0 0 0 100 0 32
El SegundoN/A
Michael McHargue(310) 988-7300
88Latitude Management Real EstateInvestors Inc.2
350 S. Beverly Drive, Suite 300Beverly Hills 90212lmrei.com
1.31.0
0 0 0 10 90 N/AN/A
Beverly HillsN/A
Glenn Sonnenberg(310) 234-2100
89Gamble Jones Investment Counsel301 E. Colorado Blvd., Suite 802Pasadena 91101gamblejones.com
1.21.1
75 20 5 N/A N/A 117
PasadenaTim Garrity
Thomas BentRobert Souza(626) 795-7583
90Granite Investment Partners2121 Rosecrans Ave., Suite 2360El Segundo 90245granitepartners-llc.com
1.20.9
100 0 0 0 0 810
El SegundoBrad G. Slocum
N/A(310) 933-3199
91Lido Advisors Inc.9100 Wilshire Blvd., Suite 350WBeverly Hills 90212lidoadvisors.com
1.10.8
51 14 15 14 6 44
Beverly HillsGreg Kushner
Jason Ozur(310) 278-8232
92HighTower Advisors - Rosenau Group1 W. Century DriveLos Angeles 90067hightoweradvisors.com
1.01.0
75 15 10 0 0 12
ChicagoNick Rogers
Pamela Rosenau(917) 286-2720
93BLX Group777 S. Figueroa St., Suite 800Los Angeles 90017blxgroup.com
1.01.1
N/A N/A N/A N/A N/A N/AN/A
Los AngelesN/A
Craig Underwood(213) 612-2200
94Howard Capital Management11601 Wilshire Blvd., Suite 2080Los Angeles 90025howardcapital.com
1.01.0
50 50 0 0 0 N/AN/A
Los AngelesJason KaplanDavid Robinson
N/A(310) 473-9100
95Cove Street Capital2101 E. El Segundo Blvd., Suite 302El Segundo 90245covestreetcapital.com
1.00.8
N/A N/A N/A N/A N/A N/AN/A
El SegundoN/A
Jeff Bronchick(424) 221-5897
96Wescap Group303 N. Glenoaks Blvd., Suite 905Burbank 91502wescapgroup.com
0.90.9
55 41 0 1 3 68
BurbankRick Weinlein
N/A(818) 563-5170
97Chelsea Management Co.444 S. Flower St., Suite 2350Los Angeles 90071chelseamanagement.com
0.90.9
52 45 4 0 0 N/AN/A
Los AngelesSally GallagherTom Techentin
Frederick J. Ruopp(213) 362-9200
98Penniall & Associates Inc.123 S. Marengo Ave., Suite 200Pasadena 91101penniall.com
0.80.9
N/A N/A N/A N/A N/A N/AN/A
PasadenaDavid Penniall
Sarah Jenson(626) 795-3062
99Joel R. Mogy Investment Counsel Inc.315 S. Beverly Drive, Suite 400Beverly Hills 90212mogy.com
0.80.8
N/A N/A N/A N/A N/A N/AN/A
Beverly HillsN/A
Joel Mogy(310) 552-0529
100One Capital Management2945 Townsgate Road, Suite 300Westlake Village 91361onecapital.com
0.80.7
55 38 3 4 N/A 55
Westlake VillagePatrick Bowen
Steven Cowley(805) 409-8150
1 In billions.2 Financial information from SEC filings.N/A - Not Available Note: Information for this list provided by representatives of the firmsthemselves. Firms are ranked by assets under management in L.A. County offices as ofDec. 31, 2014. 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 oncompany letterhead to the Research Department, Los Angeles Business Journal, 5700Wilshire Blvd., Suite 170, Los Angeles 90036. ©2015 Los Angeles Business Journal. Thislist may not be reprinted in whole or in part without prior written permission from theeditor. Reprints are available from the YGS Group, (800) 290-5460 ext. 100.
Researched by David Nusbaum
GROWTH: Morton Capital Management moved into new, expanded office space in Calabasas last month.
FUNDS: Poplar Forest Capital launched two funds at the end of 2013: Poplar Forest Outliers Fund focused on mid-cap companies and Poplar Forest Cornerstone Fund, a balanced fund.
82
84
Asset TypesThe percentage of U.S. mutual fund assets by fund type.
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’10 ’11 ’12 ’13 ’14
9,300
9,100
8,900
8,700
8,500
On the rise
’10 ’11 ’12 ’13 ’14
21%
20
19
18
17
16
15
14
4,578
4,456
4,289
4,146
4,068
Shaking Out
2010 2011 2012 2013 2014
’10 ’11 ’12 ’13 ’14
$16
15
14
13
12
11
Bounce back
’10 ’11 ’12 ’13 ’14
$2.00
1.75
1.50
1.25
1.00
0.75
Fund of funds
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
’10 ’11 ’12 ’13 ’14
$750
660
570
480
390
300
On the move
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
9%Hybrid
17%Money Market
52%Equity
22%Bonds
0
120
240
360
480
600
Regional Malls $4.15Lifestyle Centers 3.02Power Centers 2.87Neighborhood Ctrs. 2.33Single Tenant Bldgs. 2.05Strip Malls 1.60
Location DollarsThird quarter average asking rents by submarket for Class A office property.
Westside $3.73Downtown 3.15Tri-Cities 2.86Hollywood 2.78Santa Clarita 2.42Valley 2.27 Strip Malls 9.3%
Neighborhood Ctrs. 7.9Power Centers 7.5Lifestyle Centers 5Single Tenant Bldgs. 3.5Regional Malls 3.2
Central L.A. $0.50Mid-Counties 0.47North Los Angeles 0.55San Gabriel Valley 0.42South Bay 0.55
Central L.A. 4.6%Mid-Counties 5.0North Los Angeles 5.0San Gabriel Valley 5.5South Bay 5.5
’10 ’11 ’12 ’13 ’14
9,300
9,100
8,900
8,700
8,500
On the rise
’10 ’11 ’12 ’13 ’14
21%
20
19
18
17
16
15
14
4,578
4,456
4,289
4,146
4,068
Shaking Out
2010 2011 2012 2013 2014
’10 ’11 ’12 ’13 ’14
$16
15
14
13
12
11
Bounce back
’10 ’11 ’12 ’13 ’14
$2.00
1.75
1.50
1.25
1.00
0.75
Fund of funds
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
’10 ’11 ’12 ’13 ’14
$750
660
570
480
390
300
On the move
’10 ’11 ’12 ’13 ’14
21.0%
19.6
18.2
16.8
15.4
14.0
Index funds
On the MoveNet assets of target date mutual funds. (in billions)
Source: Investment Company Institute
20-26_list_moneymanagers.indd 26 5/28/2015 4:55:26 PM