Iridian Asset Management is a value-oriented hedge fund manager. It employs 43 people and charges an additional fee if their portfolios outperform a benchmark. However, Iridian does not provide financial planning services. In fact, the company may not be right for you if you need assistance with your finances. Here is what to consider before hiring Iridian Asset Management. Listed below are some things to consider when hiring a value-oriented hedge fund manager.
Iridian Asset Management is a value-oriented hedge fund manager
Connecticut-based Iridian Asset Management is a firm focused on active equity investment strategies for institutional investors. The firm’s investment strategy involves employing a fundamental bottom-up approach to identify companies undergoing corporate change before they become visible to the general public. At the time of publication, the firm had $10.1 billion under management across a variety of U.S. equity strategies.
Iridian Asset Management LLC is a value-oriented investment management firm based in Westport, Connecticut. The firm’s investment team is comprised of long-term managers and has distributed 100% of the company’s equity to its investment team. This broad ownership structure will help maintain active engagement throughout the firm and provide appropriate incentives for growth. To date, Lane Bucklan has been named as the firm’s Chief Operating Officer (CCO).
It employs 43 people
Iridian Asset Management LLC advises a number of private funds, including one hedge fund. Each fund requires a minimum investment of $1,000,000 to invest. Iridian Asset Management employs 43 people; 47 percent of them are investment advisers. Another six work as investment adviser representatives and are compensated by performance. These fees don’t include brokerage commissions, taxes, or other account expenses.
Iridian Asset Management LLC is an employee-owned, value-oriented equity investment manager that serves institutional clients. The firm uses a disciplined investment process to identify and uncover value across the full range of market capitalization. The company’s ownership structure is broad-based, ensuring active engagement across the organization. This broad ownership structure will foster appropriate incentives for growth and performance. Iridian is a long-standing employee-owned investment management firm.
It charges an additional fee for outperforming a benchmark
Performance-based fees reward advisors for outperforming a benchmark. The benchmark is typically an index. Such fees may encourage managers to take risks that are inappropriate or detrimental to the client’s investment objectives. Generally, mutual funds that charge performance-based fees take on more risk than those that do not. This increased risk can harm clients during times when the market is down. Consequently, they require a higher investment commitment than non-performance-based funds.
Investment advisory services are also available, including tax and estate planning. These include asset allocation, retirement, and life-based event planning. Iridian Asset Management, LLC is headquartered in Westport, CT, and serves clients in 12 states. They advise clients across a range of portfolio sizes and manage a total of $1,698,287,827 in assets.
It does not provide financial planning services
While Iridian Asset Management does not provide personalized financial planning, it does offer asset-based and performance-based fee structures. It does not operate outside of the U.S., though. As of May 2016, Iridian does not have offices in Europe. While Iridian Asset Management does not provide financial planning services, it does trade securities and do research. Its investment strategies are based on risk-adjusted returns and are not subject to front-running.
Iridian Asset Management is a financial advisory firm with headquarters in Westport, Connecticut. It currently manages over $1.7 billion in regulatory assets for 167 client accounts. The firm has been registered with the SEC since 2000 and is licensed in 14 states. Its services include portfolio management for private clients, investment companies, and pooled investment vehicles. It is not a registered broker-dealer and does not provide financial planning services.