AG Asset Management
{{update|date=January 2017}}
{{Infobox company
| name = ForstmannLeff Associates
| industry = Financial services
Institutional money Management
| founded = 1968
| founder = ForstmannLeff Associates
Joel B. Leff
| hq_location = New York, United States
}}
ForstmannLeff Associates is an institutional money management firm. It was cofounded by J. Anthony Forstmann and Joel B. Leff in 1968.[https://www.nytimes.com/2002/05/14/classified/paid-notice-deaths-leff-joel-b.html The New York Times May 14, 2002] The firm is also known as one of the original hedge funds in the US. In 1985, the firm had a capitalization of $3.5 billion.[https://news.google.com/newspapers?id=0OwdAAAAIBAJ&sjid=jmIEAAAAIBAJ&pg=2165,2162736&dq=forstmannleff&hl=en Pittsburgh Press, Oct. 6, 1985]
Firm history
{{Expand section|date=January 2020}}
In 2005, Old Mutual Asset Management bought a controlling interest in the firm, and changed the name to ForstmanLeff LLC.[http://www.pionline.com/article/20051005/REG/510050719 Pensions & Investments Oct 5, 2005] In January 2006, the new firm was acquired by its management team in partnership with Angelo, Gordon & Co., a privately held investment firm;"Hedge-Fund Firm, In a Twist, to Buy ForstmannLeff" Wall Street Journal Jan 9, 2006 [https://www.wsj.com/articles/SB113677675115241344?mod=mktw][https://archive.today/20120919110743/http://www.thestreet.com/_googlen/markets/hedgefunds/10261411.html?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA the Street Jan 11, 2006] The new firm's name was changed in 2007 to AG Asset Management [http://www.globeinvestor.com/servlet/story/PRNEWS.20070328.NYW102/GIStory/Email The Globe and Mail March 28, 2007]
Currently, AG Asset Management LLC operates in the financial services industry. The Company specializes in equity portfolios, mutual funds, and public equity markets. AG Asset primarily provides its services to high net worth individuals.{{Cite web|last=|first=|date=|title=Bloomberg: AG Asset Management LLC|url=https://www.bloomberg.com/profile/company/0712121D:US|archive-url=|archive-date=|access-date=|website=Bloomberg News}}
AG Asset Management is located in New York, United States.
Clients
{{Unreferenced section|date=March 2021}}
The firm's clients included, among others, the following:
- Intel
- Pfizer
- Standard Oil of Indiana
- The Pension Guarantee Corp.
- The Ford Family
- Northrop
- Honeywell
- Lockheed
- Northwest Airlines
- Knight Ridder
- Delta Airlines
- Texas Instruments
- Raychem
- Studebaker
- Chrysler
- Commercial Credit
- MCA Universal
- City of New York
- State of Minnesota
- State of Maine
- Holy Cross University
- The Archdiocese of New York
References
{{Reflist}}
{{Portal|Companies}}
Category:Financial services companies of the United States
Category:American companies established in 1968
Category:Financial services companies established in 1968
Category:Asset management companies
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