PANAGORA ASSET MANAGEMENT INC
Adviser information for PANAGORA ASSET MANAGEMENT INC last updated from Form ADV on March 28th, 2024. Select data displayed; additional Form ADV, Form D, Form 13F and other data is available from the Fincoded API.
Advisory Business
| Type of Organization | Corporation |
|---|---|
| Fiscal Year End | DECEMBER |
| Legal Location | Delaware, United States |
Employees
| Total Number of Employees | 124 |
|---|---|
| Investment Advisory/Research | 35 |
| Registered Broker-Dealer Representatives | 0 |
| Registered State Investment Advisers | 0 |
| Licensed Agents of an Insurance Company | 0 |
| No. of Firms/People that Solicit Clients | 1 |
RAUM
| Provides Management of Securities Portfolios | Yes |
|---|
| Type | Accounts | RAUM |
|---|---|---|
| Discretionary | 95 | $31.6B |
| Non-Discretionary | 3 | $427.2M |
| Total | 98 | $32.0B |
Clients
| Type | Number | RAUM |
|---|---|---|
| Individuals | 0 | $0 |
| HNW Individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 7 | $3.4B |
| Business development companies | 0 | $0 |
| Pooled investment vehicles | 13 | $8.1B |
| Pension and profit sharing plans | 12 | $1.8B |
| Charitable organizations | <5 | $213.6M |
| State or municipal gov entities | 12 | $3.5B |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 8 | $13.6B |
| Corporations or other businesses | 36 | $333.3M |
| Other | 6 | $1.0B |
| Type | Number |
|---|---|
| No. of Non-RAUM Clients | 3 |
| No. of Non-U.S. Clients | 31 |
Services
| Advisory Services | Portfolio management for investment companiesPortfolio management for pooled investment vehiclesPortfolio management for businesses or institutional clientsASSET ALLOCATION SERVICES |
|---|---|
| Compensation | % of AUMPerformance-based fees |
| Other Business Activities | Commodity pool operator or commodity trading advisor |
Principal Office
ONE INTERNATIONAL PLACE24TH FLOOR
BOSTON
MA
United States
Monday - Friday, 8:30AM - 5:00PM
Tel: 617-439-6300, Fax: 617-439-6355
Chief Compliance Officer
MARC VOLPE
PANAGORA ASSET MANAGEMENT, INC.
ONE INTERNATIONAL PLACE, 24TH FLOOR
BOSTON
MA
United States
Tel:
617-439-6390
Fax:
617-790-2605
M*****@***********M
(Full email address available in API data)
Regulatory Contact
STEPHANIE ACKERMAN
MANAGER, REGULATORY COMPLIANCE
PANAGORA ASSET MANAGEMENT, INC
ONE INTERNATIONAL PLACE, 24TH FLOOR
BOSTON
MA
United States
Tel:
617-439-6625
Fax:
617-790-2607
S********@***********M
(Full email address available in API data)
Industry Affiliates
| EMPOWER ADVISORY GROUP, LLC | Other investment adviser, including financial planners |
| EMPOWER ANNUITY & INSURANCE CO OF AMERICA | Trust companySponsor, GP, manager of pooled investment vehicles |
| EMPOWER ANNUITY INSURANCE COMPANY | Insurance company or agency |
| EMPOWER FINANCIAL SERVICES, INC. | Broker-dealer, municipal securities dealer, or gov securities broker or dealer |
| EMPOWER LIFE & ANNUITY INSURANCE CO OF NY | Insurance company or agencySponsor, GP, manager of pooled investment vehicles |
| EMPOWER TRUST COMPANY LLC | Trust company |
| INVESTORS GROUP | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| IRISH LIFE INVESTMENT MANAGERS LIMITED | Other investment adviser, including financial plannersSponsor, GP, manager of pooled investment vehicles |
| MULLIN TBG INSURANCE AGENCY SERVICES LLC | Insurance company or agency |
Private Funds
| Name | Type | Assets $USD | Min Investment $USD | No. Owners |
|---|---|---|---|---|
| DEFENSIVE GROWTH EMERGING MARKETS FUND | LONG-ONLY EQUITY | $4.5M | $0.0M | 2 |
| DIVERSIFIED RISK NON US EQUITY FUND | LONG-ONLY EQUITY | $0.0M | $0.0M | 0 |
| DIVERSIFIED RISK US SMALL CAP EQUITY FUND | LONG-ONLY EQUITY | $0.1M | $0.0M | 1 |
| PANAGORA DIVERSIFIED RISK MULTI-ASSET FUND (B), LTD. | Hedge Fund | $1,106.8M | $3.0M | 5 |
| PANAGORA DIVERSIFIED RISK MULTI-ASSET FUND, LTD | Hedge Fund | $2,422.4M | $3.0M | 24 |
| PANAGORA HEALTHCARE LONG-SHORT FUND, LP | Hedge Fund | $22.8M | $3.0M | 2 |
| PANAGORA RISK MANAGED GLOBAL OPPORTUNITIES FUND, LLC | Hedge Fund | $417.4M | $3.0M | 8 |
| PANAGORA RISK MANAGED GLOBAL OPPORTUNITIES MASTER FUND, LTD. | Hedge Fund | $539.2M | $3.0M | 2 |
| PANAGORA RISK MANAGED OPPORTUNITIES FUND (10V), LLC. | Hedge Fund | $101.8M | $3.0M | 2 |
| PANAGORA RISK PARITY MULTI ASSET FUND (12V), LLC | Hedge Fund | $1,953.7M | $3.0M | 2 |
| PANAGORA RISK PARITY MULTI ASSET FUND (C), LTD. | Hedge Fund | $792.4M | $3.0M | 2 |
| PANAGORA RISK PARITY MULTI ASSET FUND (HV), LLC | Hedge Fund | $379.7M | $3.0M | 6 |
| PANAGORA RISK PARITY MULTI ASSET MASTER FUND, LTD. | Hedge Fund | $2,812.7M | $3.0M | 3 |
| RISK PARITY MULTI- ASSET FUND | Hedge Fund | $597.2M | $0.0M | 24 |
| RISK PARITY MULTI-ASSET FUND-HV | Hedge Fund | $172.8M | $0.0M | 4 |
Control Persons
| Name | Type | Entity | Title | Since | Ownership |
|---|---|---|---|---|---|
| SUTTON, PAUL, MICHAEL | Individual | – | CHIEF FINANCIAL OFFICER AND TREASURER | 02/2000 | < 5% |
| SORENSEN, ERIC, HEVERING | Individual | – | DIRECTOR/CEO & PRESIDENT | 07/2004 | < 5% |
| GREAT-WEST FINANCIAL (NOVA SCOTIA) CO | Foreign Entity | GREAT-WEST LIFECO U.S. LLC | SHAREHOLDER | 01/2001 | > 75% |
| PAFI, LLC | Domestic Entity | PANAGORA HOLDINGS, INC. | MEMBER | 04/2007 | > 75% |
| GREAT-WEST LIFECO INC | Foreign Entity | GREAT-WEST FINANCIAL (NOVA SCOTIA) CO | SHAREHOLDER | 12/2019 | > 75% |
| ORR, ROBERT, JEFFERY | Individual | – | DIRECTOR | 11/2007 | < 5% |
| QIAN, EDWARD, ENPING | Individual | – | CHIEF INVESTMENT OFFICER | 05/2007 | < 5% |
| POWER FINANCIAL CORPORATION | Foreign Entity | GREAT-WEST LIFECO INC | SHAREHOLDER | 03/1986 | 50-75% |
| POWER CORPORATION OF CANADA | Foreign Entity | POWER FINANCIAL CORPORATION | OWNER | 02/2020 | > 75% |
| GREAT-WEST LIFECO U.S. LLC | Domestic Entity | EMPOWER HOLDINGS, LLC | MEMBER | 08/2007 | > 75% |
| REYNOLDS, ROBERT, LLOYD | Individual | – | DIRECTOR | 10/2009 | < 5% |
| MUSSALLI, GEORGE, DECKEY | Individual | – | CHIEF INVESTMENT OFFICER | 09/2011 | < 5% |
| THE DESMARAIS FAMILY RESIDUARY TRUST | Foreign Entity | PANSOLO HOLDING INC. | SHAREHOLDER | 10/2015 | > 75% |
| DESMARAIS, ANDRE, ROGER | Individual | THE DESMARAIS FAMILY RESIDUARY TRUST | TRUSTEE | 10/2013 | |
| DESMARAIS, PAUL, GUY | Individual | THE DESMARAIS FAMILY RESIDUARY TRUST | TRUSTEE | 10/2013 | |
| PANAGORA HOLDINGS, INC. | Domestic Entity | – | DIRECT SHAREHOLDER | 12/2013 | > 75% |
| DESMARAIS, SOPHIE, CAROLINE | Individual | THE DESMARAIS FAMILY RESIDUARY TRUST | TRUSTEE | 03/2018 | |
| PANSOLO HOLDING INC. | Foreign Entity | POWER CORPORATION OF CANADA | SHAREHOLDER | 10/2015 | 50-75% |
| WYRWAS, MARGARET, ETHEL | Individual | – | DIRECTOR | 07/2018 | < 5% |
| ANSON, MARK, JONATHON | Individual | – | DIRECTOR | 12/2018 | < 5% |
| KETCHEN, JASON, FORREST | Individual | – | CHIEF OPERATING OFFICER | 12/2021 | < 5% |
| Huang, Jesse, Chih-Hao | Individual | – | HEAD OF GLOBAL DISTRIBUTION | 10/2021 | < 5% |
| VOLPE, MARC, LEONARD | Individual | – | CHIEF COMPLIANCE OFFICER | 09/2021 | < 5% |
| DOER, GARY, ALBERT | Individual | THE DESMARAIS FAMILY RESIDUARY TRUST | TRUSTEE | 05/2023 | |
| Ferrara, Stephen, Rosario | Individual | – | GENERAL COUNSEL | 12/2022 | < 5% |
| PAFI, LLC | Domestic Entity | – | DIRECT SHAREHOLDER | 01/2024 | 10-25% |
| Srivastava, Raman | Individual | – | DIRECTOR | 07/2023 | < 5% |
| EMPOWER SERVICES HOLDINGS US, LLC | Domestic Entity | PAFI, LLC | MEMBER | 01/2024 | > 75% |
| EMPOWER ANNUITY INSURANCE CO. OF AMERICA | Domestic Entity | EMPOWER SERVICES HOLDINGS US, LLC | MEMBER | 01/2024 | > 75% |
| EMPOWER HOLDINGS, LLC | Domestic Entity | EMPOWER ANNUITY INSURANCE CO. OF AMERICA | MEMBER | 01/2024 | > 75% |
| FLEMING, GREGORY, JAMES | Individual | THE DESMARAIS FAMILY RESIDUARY TRUST | TRUSTEE | 02/2024 |