Iridian Asset Management LLC (Westport)


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.

Iridian Asset Management: assets under management

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 firm manages $8.83 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $52.87 million each.
Iridian Asset Management has custody of $532.35 million in cash and securities for 4 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in exchange traded securities the most. They account for 97% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 3% of the firm’s portfolio.

Fees & Commissions

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.

What kind of clients Lelia Marie Long serves?

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.

Careers at Iridian Asset Management LLC

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.

Direct owners and executive officers


Name Entity Date acquired Ownership Employer ID
David Lawrence Cohen Co-president and co-chief executive officer; co-chief investment officer 1 Nov 1995 Other 1045245
Harold Jay Levy Co-president and co-chief executive officer; co-chief investment officer 1 Nov 1995 Other 824877
Jeffrey Mitchell Elliott Chief financial officer, chief operating officer and secretary 1 Nov 1995 Other 3119338
Llc Lc Capital Management Member 1 Nov 1995 50% - 75% 06-1439578
Jeffrey M Elliott Executive vice president, chief operating officer 1 Nov 1995 Other 3119338
Alice Blackmore Hicks Executive vice president 1 Nov 1995 Other 855212
Inc. Arnhold And S. Bleichroeder Member 1 Apr 1997 25% - 50% 13-4959915
Biam (Us) Inc. Member 1 Sep 2002 50% - 75% 03-0427276
Lelia Marie Long Director 1 Sep 2002 Other 4482684
William Raymond Cotter Chairman 1 Sep 2002 Other 4384945
Denis Curran Director 1 Sep 2002 Other 4385132
Sean Anthony O'dwyer Director 1 Sep 2002 Other 4384962
Stephen Thomas Holland Director 1 Sep 2002 Other 4482697
Rosemary Catherine Mahon Director 1 Sep 2002 Other 2127276
Lane Steven Bucklan General counsel; chief compliance officer; chief administrative officer 1 Mar 2003 Other 2519156
Brian J Goggin Director 1 Apr 2003 Other 4670359
Kevin Claude Dolan Director 1 Jan 2005 Other 4338473
Brendan Donohoe Director 1 Jul 2005 Other 4982893
Brian Joseph Goggin Director 1 Jul 2005 Other 4670359
Denis Donovan Director 1 Jul 2005 Other 5005047
Michael Grealy Director 1 Jul 2005 Other 5008032
Brendan Joseph Donohoe Director 1 Jul 2005 Other 4982893
Denis Patrick Donovan Director 1 Jul 2005 Other 5005047
Michael John Grealy Director 1 Jul 2005 Other 5008032
William Stuart Stack Executive chairman, director 1 Mar 2006 Other 1465116
Alan Stephen Wyatt Director 1 Apr 2007 Other 5331895
Ronan Michael Murphy Director 1 Apr 2007 Other 5332036
Arovid Associates Llc Member 1 Jun 2009 75% - 100% 26-4813030
Inc. Larenjay Member 1 Jun 2009 Other 26-4812923
Iridian Employee Holdings Llc Member 1 Nov 2012 Other 32-0395186

Indirect Owners

The SEC currently registers 22 indirect owners.

Name Entity Date acquired Ownership Employer ID
The Governor And Company Of The Bank Of Ireland Shareholder 1 Jan 1982 75% - 100% 13-2682769
Ibi Interfunding Shareholder 1 Apr 1996 75% - 100% foreign
Inc. Cl Investors Member 1 Dec 1996 75% - 100% 52-2070252
Inc. Bancireland/First Financial Shareholder 1 Mar 2002 75% - 100% 02-0487434
Inc. Bancireland (Us) Holdings Shareholder 1 Mar 2002 75% - 100% 02-0487434
The Governor And Company Of The Bank Of Ireland Shareholder 1 Oct 2006 75% - 100% 13-2682769
Biam Holdings Shareholder 1 Oct 2006 75% - 100% foreign
National Pensions Reserve Fund Commission (Ireland) Shareholder 1 Mar 2009 25% - 50% foreign
Alhero Llc Member 1 Jun 2009 25% - 50% 27-0391990
Llmd Llc Member 1 Jun 2009 25% - 50% 27-0391182
Trustee Article I Family Trust Under Harold J. Levy 2009 Irrevocable Trust Dtd 5/28/09; Shari B. Levy Member 1 Jun 2009 75% - 100% 30-6192801
Michael Greene & Jeffrey Elliott Trustees Art. I Family Trust Under David L. Cohen 2008 Irrevoc. Trust Dtd 4/22/08; Jay Cohen Member 1 Jun 2009 75% - 100% 30-6201087
David Lawrence Cohen Member; manager 1 Jun 2009 Other 1045245
Harold Jay Levy Member; manager 1 Jun 2009 Other 824877
Llc Alhero Member 1 Jun 2009 25% - 50% 27-0391990
Llc Llmd Member 1 Jun 2009 25% - 50% 27-0391182
Trustee Article I Family Trust Under David L. Cohen Irrevocable Trust Dtd 4/22/08; Jill Gerla Member 1 Jun 2009 75% - 100% 30-6201087
Inc. Larenjay Class a member; manager 1 Nov 2012 75% - 100% 26-4812923
David Lawrence Cohen Shareholder 1 Nov 2012 50% - 75% 1045245
Harold Jay Levy Shareholder 1 Nov 2012 50% - 75% 824877
Sturgis Paul Woodberry Class b member 1 Nov 2012 75% - 100% 1990972
Vivien Liu Class b member 1 Jan 2013 25% - 50% 6301476

Based in Westport

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.