AG Asset Management
 | This article needs to be updated. (January 2017) |
| Industry | Financial services Institutional money Management |
|---|---|
| Founded | 1968 |
| Founder | ForstmannLeff Associates Joel B. Leff |
| Headquarters | New York, United States |
ForstmannLeff Associates is an institutional money management firm. It was cofounded by J. Anthony Forstmann and Joel B. Leff in 1968.[1] The firm is also known as one of the original hedge funds in the US. In 1985, the firm had a capitalization of $3.5 billion.[2]
Firm history
[edit]![[icon]](/wiki/File:Wiki_letter_w_cropped.svg){kind=small} | This section needs expansion. You can help by adding to it. (January 2020) |
In 2005, Old Mutual Asset Management bought a controlling interest in the firm, and changed the name to ForstmanLeff LLC.[3] In January 2006, the new firm was acquired by its management team in partnership with Angelo, Gordon & Co., a privately held investment firm;[4][5] The new firm's name was changed in 2007 to AG Asset Management [6]
Currently, AG Asset Management LLC operates in the financial services industry. The Company specializes in equity portfolios, mutual funds, and public equity markets. AG Asset primarily provides its services to high net worth individuals.[7]
AG Asset Management is located in New York, United States.
Clients
[edit] |
The firm's clients included, among others, the following:
- Intel
- Pfizer
- Standard Oil of Indiana
- The Pension Guarantee Corp.
- The Ford Family
- Northrop
- Honeywell
- Lockheed
- Northwest Airlines
- Knight Ridder
- Delta Airlines
- Texas Instruments
- Raychem
- Studebaker
- Chrysler
- Commercial Credit
- MCA Universal
- City of New York
- State of Minnesota
- State of Maine
- Holy Cross University
- The Archdiocese of New York
References
[edit]- ^ The New York Times May 14, 2002
- ^ Pittsburgh Press, Oct. 6, 1985
- ^ Pensions & Investments Oct 5, 2005
- ^ "Hedge-Fund Firm, In a Twist, to Buy ForstmannLeff" Wall Street Journal Jan 9, 2006 [1]
- ^ the Street Jan 11, 2006
- ^ The Globe and Mail March 28, 2007
- ^ "Bloomberg: AG Asset Management LLC". Bloomberg News.
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