The LORD, ABBETT & CO. LLC is a privately held investment adviser that advises $466.64Bn in regulatory assets under management held in 3 SEC fund types across 5 investment strategies. LORD, ABBETT & CO. LLC is a Public Fund A public fund manager is a manager whose >=75% of total assets under management are in public funds (broadly accessible, exchange-listed investment vehicles available to retail investors with typically low minimums and clear, widely available information) Manager. Assets increased by 99.8% over the last 5-years.
The Group has been registered with the SEC for 55.27 years and is comprised of 4 filing and 0 relying advisers. They operate out of 1 office location with their Headquarters at 30 HUDSON STREET, JERSEY CITY, NJ. The Group has not been subject to regulatory enforcement actions. They are regulated by 6 US and Non-US bodies.
They have 821 employees comprised of 191 investment and 630 non-investment staff. The total number of Employees increased by 13.71% over the last 5-years.
Their $466.64Bn in assets advised are owned by 38 private funds, 83 public funds and BDCs and 605 other accounts. Assets of Investment Companies (IC) clients own $400.26Bn or 85.78% of Total Assets and Pooled Investment Vehicles (Not IC or BDC) own $22.6Bn or 4.84% of Total Assets.
The Group's top investment strategies include FI/Credit - Diverse, Long/Short Equity and Multi Strat, representing 82.65%, 15.15% and 1.6% of total assets, respectively.
They advise 10 types of clients, top clients are Investment Companies (IC) and Pooled Investment Vehicles (Not IC or BDC).
The Group uses 3 Fund Administrators, 1 Fund Auditors, 0 Prime Brokers, 3 Custodians and 2 Marketers. It does not report a third-party Fund Administrator in 0 private funds with $0 in assets.
The Group discloses advisory fees, management fees and performance-based fees.
LORD, ABBETT & CO. LLC names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 1 fund.
They have a HIGH-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In LORD, ABBETT & CO. LLC's case, they have 20 business conditions that require high process maturity and 1 Watch Factors.