First Quadrant LP is a large advisory firm based in Pasadena. It manages $20.08 billion of regulatory assets for 46 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California and Massachusetts.
First Quadrant provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
The assets under management (AUM) of First Quadrant LP is $20.08 billion. The firm's AUM has grown by 76% since the beginning of its operation, and $8.07 billion of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay First Quadrant LP for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to investment companies, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of First Quadrant is pension and profit sharing plans with 17 clients and $10.32 billion of assets under management. Among the 13 most similar advisory firms, First Quadrant has the highest percentage of pension and profit sharing plans out of all clients.
The amount of regulatory assets under management is $19.26 billion for 43 clients. 39% of the firm’s clients are foreign persons or businesses.
First Quadrant also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $10,000 to $1,000,000.
The company employs 84 people that are either part- or full-time employees. 36 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There are 5 people with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
The principal office where First Quadrant LP performs its advisory services is located at 800 East Colorado Blvd, Pasadena, CA 91101, which is also the mailing address of the firm. An additional office of the firm is in Framingham, MA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 626-795-8220 or by fax 626-396-3298. The normal business hours are 8:00 am pst to 5:00 pm pst on Monday - Friday. You can find more information about the New York firm at firstquadrant.com.