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Fidelity Investments Inc., commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts. The company was established in 1946 and is one of the largest asset managers in the world with $4.5 trillion in assets under management, now as of December 2021 their assets under administration amounts to $11.8 trillion. Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, index funds, wealth management, securities execution and clearance, asset custody, and life insurance.
D. E. Shaw & Co., L.P. is a multinational investment management firm founded in 1988 by David E. Shaw and based in New York City. The company is known for developing complicated mathematical models and sophisticated computer programs to exploit anomalies in the financial market. D. E. Shaw & Co. manages $55 billion in AUM, $35 billion of which are alternative investments and the remaining $20 billion long-oriented investments. In 2018, Institutional Investor reported that among hedge funds, D. E. Shaw & Co. had delivered the fifth-highest returns in the world since its inception.
Prime brokerage is the generic name for a bundled package of services offered by investment banks, wealth management firms, and securities dealers to hedge funds which need the ability to borrow securities and cash in order to be able to invest on a netted basis and achieve an absolute return. The prime broker provides a centralized securities clearing facility for the hedge fund so the hedge fund's collateral requirements are netted across all deals handled by the prime broker. These two features are advantageous to their clients.
Capital Group is an American financial services company. It ranks among the world's oldest and largest investment management organizations, with over $2.6 trillion in assets under management. Founded in Los Angeles, California in 1931, it is privately held and has offices around the globe in the Americas, Asia, Australia and Europe.
Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States.
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A private-equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital. Often described as a financial sponsor, each firm will raise funds that will be invested in accordance with one or more specific investment strategies.
Seth Andrew Klarman is an American billionaire investor, hedge fund manager, and author. He is a proponent of value investing. He is the chief executive and portfolio manager of the Baupost Group, a Boston-based private investment partnership he founded in 1982.
Man GLG is a discretionary investment manager and a wholly owned subsidiary of British alternative investment manager Man Group plc. It is a diversified and multi-strategy fund manager that operates strategies including equity long-short funds, convertible arbitrage funds, emerging market funds and long-only mutual funds. The firm is also a founding member of the Hedge Fund Standards Board and a signatory of the Principles for Responsible investment. As of December 31, 2020, Man GLG had $30.4 billion assets under management.
Fred S. Fraenkel is an investment professional and vice chair of Cowen Inc. He was on the Barron's year end roundtable for four years and managed large research organizations at several Wall Street firms. He ran his own venture fund for eight years and was until September 2015 the president and chief research officer of a Miami-based advisor of mutual funds.
Highland Capital Management is an alternative investment management firm that manages hedge funds, structured investment vehicles and mutual funds. The firm invests in global public equities, as well as fixed income markets with a focus on leveraged loans, high yield bonds, and structured products.
Needham & Company is an independent investment bank and asset management firm specializing in advisory services and financings for growth companies. Needham & Company is a wholly owned subsidiary of The Needham Group, which also operates a private equity investment business and an investment management business.
AQR Capital Management is a global investment management firm based in Greenwich, Connecticut, United States. The firm, which was founded in 1998 by Cliff Asness, David Kabiller, John Liew, and Robert Krail, offers a variety of quantitatively driven alternative and traditional investment vehicles to both institutional clients and financial advisors. The firm is primarily owned by its founders and principals. AQR has additional offices in Boston, Chicago, Los Angeles, Bangalore, Hong Kong, London, Sydney, and Tokyo.
Highfields Capital Management LP is a hedge fund founded in 1998 which had assets of $12.1 billion in 2018. The annualized net returns during the firm's first 20 years were more than 10%.
Richard Cayne Perry is an American hedge fund manager whose firm, Perry Capital LLC invested in several companies and, starting in 2012, owned a controlling interest in Barneys New York. Perry sold his controlling interest in Barneys New York in August 2019.
Tremont Group Holdings, Inc., a Delaware corporation headquartered in Rye, New York, is a hedge fund group with a subsidiary that advised a feeder fund to Bernard Madoff's investment advisory firm in the Madoff investment scandal. this was the second-largest feeder fund to Madoff's firm due to the group having had a long professional relationship with him as Chairman of the NASD and largest options market maker on the NASDAQ.The firm was one of the largest hedge fund consultants and advisors globally during the seminal 1990's period and pioneered a number of ground breaking products such as the CSFB Tremont Hedge Fund Index, specialized products and venues for hedge fund investment; structured products, insurance entities, new markets and jurisdictions including the first institutional fund of hedge funds in Korea and the foundation of The Bermuda Stock exchange. Prominent board members and shareholders included; Mario Gabelli of Gabelli Asset Management, Leon Cooperman of Omega Advisors and Arthur Samberg of Pequot Capital Management. Tremont was among the first investors and/or involved in the launch or restructuring of numerous legendary funds such as; S.A.C., Quantum and AQR.
Dedham Savings is one of the oldest American banks still in operation and one of the oldest banks in the state of Massachusetts still doing business under its original charter.
References
- 1 2 3 4 Cendrowski, Scott (December 10, 2010). "Bruce Berkowitz: the Megamind of Miami". Fortune .
- ↑ Bruce R. Berkowitz. Archived 2012-01-10 at the Wayback Machine Forbes.com
- ↑ PR Newswire Morningstar Names Bruce Berkowitz, David Herro, and Bill Gross Fund Managers of the Decade
- 1 2 3 4 5 6 "A Real Chelsea Success Story". Chelsea Record. July 15, 2010.
- ↑ "BERKOWITZ, Hennie (Schneider) Of Hampton NH, formerly of Chelsea, MA, and Miami, FL, passed away on May 20, 2017". The Boston Globe . May 22, 2017.
- ↑ "Chapter 3: Bruce Berkowitz - Profiting from Hedge Funds: Winning Strategies for the Little Guy [Book]". www.oreilly.com. Retrieved July 2, 2022.
- ↑ Cendrowski, Scott (December 17, 2010). "The big hubbub over St. Joe Company". Fortune .
- ↑ Snyder, Tamar (January 25, 2011). "History Center In The Black". The New York Jewish Week .
- ↑ "TRACEY AND BRUCE R. BERKOWITZ - Miami - Investment fund management (Fairholme Capital Group)". ARTnews . 2019.
- ↑ "PELLOWS, Patricia (Messer) Of Dedham formerly of Newton, MA. Entered into rest on March 6, 2019 at the age of 94. Beloved wife of the late Leon Pellows". The Boston Globe . March 7, 2019.
- ↑ "PELLOWS, Leon Of Newton, formerly of Revere, most recently of NewBridge on the Charles in Dedham. Entered into rest Monday, February 4, 2013, age 89. Beloved husband of Patricia (Messer) Pellows". The Boston Globe . February 5, 2013.