Adage Capital Management, L.P. (Boston)
Adage Capital Management, L.P. is a large advisory firm based in Boston. It manages $42.26 billion of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2005 and has operated in the jurisdictions of Massachusetts, New Jersey, and Washington.
Adage Capital Management provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Adage Capital Management: assets under management
The assets under management (AUM) of Adage Capital Management, L.P. is $42.26 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 452% since the beginning of its operation, and the company doesn't manage any assets belonging to foreign clients.
Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Adage Capital Management, L.P. for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Adage Capital Management serves?
The only and largest group of clients of Adage Capital Management is pooled investment vehicles with 1 clients and $42.26 billion of assets under management. Among the 10 most similar advisory firms, Adage Capital Management has the 2nd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $42.26 billion for 1 clients. None of the firm’s clients are foreign persons or businesses.
Adage Capital Management also advises several private funds. Namely, one hedge fund. The minimum investment commitment required of non-related persons is $10,000,000 for each fund.
Careers at Adage Capital Management, L.P.
The company employs 54 people that are either part- or full-time employees. 74 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.
Direct owners and executive officers
Based in Boston
The principal office where Adage Capital Management, L.P. performs its advisory services is located at 200 Clarendon Street, Boston, MA 02116, which is also the mailing address of the firm. An additional office of the firm is in Englewood Cliffs, NJ. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 617-867-2800 or by fax 617-867-2801. The normal business hours are 8am-5pm est on Monday - Friday. You can find more information about the New York firm at adagecapital.com.
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