Pacific Alternative Asset Management Co LLC (Irvine)

Pacific Alternative Asset Management provides portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and selection of other advisers. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Pacific Alternative Asset Management: assets under management

The assets under management (AUM) of Pacific Alternative Asset Management Co LLC is $12.7 billion. The firm's AUM has grown by 3517% since the beginning of its operation, and $4.53 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $12.52 billion in discretionary accounts and $186.74 million in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $139.06 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $93.37 million.

Pacific Alternative Asset Management has custody of $9.65 billion in cash and securities for 72 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 73% of the total AUM. The second-largest asset type is exchange traded securities, which make up 14% of the firm’s portfolio. Investments in other assets form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Pacific Alternative Asset Management Co LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. Flat-fee based compensation is the most transparent and the one you can safely predict in advance. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Charles Lawrence Armendarez serves?

The firm provides services to pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Charles Lawrence Armendarez is pooled investment vehicles with 59 clients and $7.25 billion of assets under management. Among the 9 most similar advisory firms, Pacific Alternative Asset Management has the 3rd highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $11.34 billion for 87 clients. 33% of the firm’s clients are foreign persons or businesses.

Pacific Alternative Asset Management also advises several private funds. Namely, thirty seven hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $400,000,000.

Careers at Pacific Alternative Asset Management Co LLC

The company employs 117 people that are either part- or full-time employees. 88 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.

Charles Lawrence Armendarez has been acting as President since 1 Dec 2002. Mayer Joseph Cherem joined the executive team most recently as the Manager.

Direct owners and executive officers

Indirect Owners

The SEC currently registers 65 indirect owners.

Based in Irvine

The principal office where Pacific Alternative Asset Management Co LLC performs its advisory services is located at 19540 Jamboree Rd, Irvine, CA 92612, which is also the mailing address of the firm. An additional office of the firm is in Boston, MA. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 949-261-4900 or by fax 949-261-4901. The normal business hours are 7 a.m. to 5 p.m. on Monday - Friday. You can find more information about the New York firm at paamco.com.

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