Iridian Asset Management LLC (Westport)

Name: Iridian Asset Management LLC
Address: 276 Post Rd West, Westport, CT, 06880 4704
Telephone: 203-341-7800

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.