AG Asset Management explained

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.^[1] 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.^[2]

Firm history

In 2005, Old Mutual Asset Management bought a controlling interest in the firm, and changed the name to ForstmanLeff LLC.^[3] In January 2006, the new firm was acquired by its management team in partnership with Angelo, Gordon & Co., a privately held investment firm;^{[4] [5]} The new firm's name was changed in 2007 to AG Asset Management ^[6]

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.^[7]

AG Asset Management is located in New York, United States.

Clients

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

Notes and References

1. https://www.nytimes.com/2002/05/14/classified/paid-notice-deaths-leff-joel-b.html The New York Times May 14, 2002
2. https://news.google.com/newspapers?id=0OwdAAAAIBAJ&sjid=jmIEAAAAIBAJ&pg=2165,2162736&dq=forstmannleff&hl=en Pittsburgh Press, Oct. 6, 1985
3. http://www.pionline.com/article/20051005/REG/510050719 Pensions & Investments Oct 5, 2005
4. "Hedge-Fund Firm, In a Twist, to Buy ForstmannLeff" Wall Street Journal Jan 9, 2006 https://www.wsj.com/articles/SB113677675115241344?mod=mktw
5. 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
6. http://www.globeinvestor.com/servlet/story/PRNEWS.20070328.NYW102/GIStory/Email The Globe and Mail March 28, 2007
7. Web site: Bloomberg: AG Asset Management LLC. Bloomberg News.