Adage Capital Management, L.P. (Boston)

Name: Adage Capital Management, L.P.
Address: 200 Clarendon Street, Boston, MA, 02116
Telephone: 617-867-2800

Adage Capital Management, L.P. is a large advisory firm based in Boston. It manages $42.26 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Massachusetts, New Jersey, and Washington.

Adage Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Adage Capital Management: assets under management

The assets under management (AUM) of Adage Capital Management, L.P. is $42.26 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 452% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.

The firm manages $42.26 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $42.26 billion each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Adage Capital Management, L.P. 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.

What kind of clients Adage Capital Management serves?

The only and largest group of clients of Adage Capital Management is pooled investment vehicles with 1 clients and $42.26 billion of assets under management. Among the 10 most similar advisory firms, Adage Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $42.26 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.

Adage Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.

Careers at Adage Capital Management, L.P.

The company employs 54 people that are either part- or full-time employees. 74 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Robert George Atchinson	Managing director, limited partner	1 Jul 2001	Other	4402541
Phillip Thomas Gross	Managing director, limited partner	1 Jul 2001	Other	4402535
Kurt Jay Hiler	Equity analyst, limited partner	1 Jul 2001	Other	4953079
Daniel Joseph Lehan	Chief operating officer and chief compliance officer, limited partner	1 Jul 2001	Other	2538329
L.L.C. Adage Capital Partners	General partner	1 Jul 2001	Other	04-3559353
Frank Reiner Dunau	Equity analyst	1 Jul 2001	Other	4402644
William Paul Mankivsky	Equity analyst	1 Jul 2001	Other	4953082
Daniel Lehan	Chief operating officer / chief compliance officer	1 Jul 2001	Other	2538329
Llc Adage Capital Partners	General partner	1 Jul 2001	Other	04-3559353
Daniel J. Lehan	Chief operating officer and chief compliance officer, limited partner	1 Jul 2001	Other	2538329
Phemus Corp.	Member of adage capital partners gp, llc	1 Oct 2001	25% - 50%	04-2997367
Llc Adage Capital Advisors	Member of adage capital partners gp, llc	1 Oct 2001	50% - 75%	04-3559352
Matthew David Magee	Equity analyst	1 Mar 2004	Other	2923333
Donald Colan Macdougall	Equity analyst	1 Mar 2006	Other	2830358
Robert George Atchinson	Managing member of adage capital services llc	1 May 2008	25% - 50%	4402541
Phillip Thomas Gross	Managing member of adage capital services llc	1 May 2008	25% - 50%	4402535
Matthew David Magee	Equity analyst, limited partner	1 Jan 2009	Other	2923333
James Anthony Bardinelli	Chief financial officer, limited partner	1 Jan 2010	Other	2784095
Donald Colan Macdougall	Equity analyst, limited partner	1 Jan 2011	Other	2830358
James Anthony Bardinelli	Chief financial officer	1 Mar 2011	Other	2784095
Sheldon Norman Simon	Equity analyst	1 Jan 2013	Other	6172350
Michael Joseph Grealish	Equity analyst, limited partner	1 Dec 2016	Other	2954453
Demond Thomas Martin	Equity analyst, limited partner	1 Dec 2017	Other	6926309

Based in Boston

The principal office where Adage Capital Management, L.P. performs its advisory services is located at 200 Clarendon Street, Boston, MA 02116, which is also the mailing address of the firm. An additional office of the firm is in Englewood Cliffs, NJ. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 617-867-2800 or by fax 617-867-2801. The normal business hours are 8am-5pm est on Monday - Friday. You can find more information about the New York firm at adagecapital.com.