Iridian Asset Management LLC is a large advisory firm based in Westport. It manages $8.83 billion of regulatory assets for 167 client accounts. It has been registered with the SEC as an adviser since 2000 and has operated in the jurisdictions of California, Connecticut, Delaware, and 14 other states.
Iridian Asset Management provides portfolio management for individuals and small businesses, 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 Iridian Asset Management LLC is $8.83 billion, all of which is managed in discretionary accounts. The firm's AUM has gone down by -1% since the beginning of its operation, and $735.79 million of the total AUM is attributable to clients outside of the United States.
The advisory firm has several streams of revenue. Clients pay Iridian Asset Management LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
The firm provides services to insurance companies, investment companies, charitable organizations, high net worth individuals, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Lelia Marie Long is charitable organizations with 60 clients and $2.01 billion of assets under management. Among the 10 most similar advisory firms, Iridian Asset Management has the highest percentage of charitable organizations out of all clients.
The amount of regulatory assets under management is $8.79 billion for 163 clients that can include trusts, estates, and 401(k) plans and IRAs of individuals and their family members. 4% of the firm’s clients are foreign persons or businesses.
Iridian Asset Management also advises several private funds. Namely, one hedge fund and two other private funds. The minimum investment commitment required of non-related persons is $1,000,000 for each fund.
The company employs 43 people that are either part- or full-time employees. 47 percent of the employees work as investment advisers or researchers. 3 employees are registered as investment adviser representatives with the state securities authorities.
There are 6 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.
Lelia Marie Long has been acting as President since 1 Sep 2002. Vivien Liu joined the executive team most recently as the Class B Member.
The principal office where Iridian Asset Management LLC performs its advisory services is located at 276 Post Rd West, Westport, CT 06880 4704, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 203-341-7800 or by fax 203-341-7801. The normal business hours are 9:00 a.m. - 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at iridian.com.