private industry investment management founded 1929 1929 headquarters jersey city new jersey 1 united states key people daria l. foster managing partner products mutual funds institutional portfolio management separately managed accounts website www.lordabbett.com lord abbett & co. llc is an independent privately held investment manager headquartered in jersey city new jersey . the firm offers a variety of fixed income and equity strategies to individual and institutional investors . contents 1 description 2 history 3 international products 4 references data 5 external links description edit lord abbett is a privately owned limited liability company with 61 active partners as of december 31 2015 . managing partner daria l. foster leads the firm and is responsible for setting strategic direction and business management . robert i. gerber partner and chief investment officer is responsible directing the portfolio management research and trading activities for the firm s equity and fixed income strategies . he plans to retire on june 30 2016 . as a result robert a. lee partner & deputy chief investment officer will assume the role of chief investment officer on july 1 2016 . the firm focuses solely on actively managed investment portfolios . lord abbett s strategies are available within separate and sub advised accounts commingled and mutual funds and managed account platforms . 2 3 history edit on november 18 1929 several weeks after the stock market crash that ushered in the great depression andrew james lord and his associates created lord westerfield & co. inc. with headquarters at 68 william street a few blocks from the new york stock exchange . in 1931 the westerfields resigned from the company . leon abbett a member of the founding group and the son of a former two time new jersey governor and state supreme court justice provided the capital contribution that enabled the firm to continue . two years later the name of the company was changed to lord abbett & co. 4 in 1932 lord created an investment trust american business shares which is now known as the lord abbett income fund . two years later the lord abbett affiliated fund was launched . 5 lord abbett along with other investment companies made important contributions to the drafting of the investment company act of 1940 which defines the responsibilities and limitations of investment firms . citation . 6 in 1971 lord abbett launched the lord abbett bond debenture fund one of the first funds to invest in a combination of fixed income securities . the firm launched its institutional business in 1976 with the introduction of a large cap value product for an institutional client . 7 in the early 1990s fund performance and asset growth slowed prompting the company to reorganize . managing partner bob dow who had managed the lord abbett bond debenture fund increased the number of partners and expanded the mutual fund lineup to include international stocks and large cap growth stocks . assets rose from 17 billion in 1996 when dow took over to more than 100 billion in 2007 . daria foster who succeeded dow in 2007 continued to diversify the company s fund offerings lowered costs and fees for many of the funds and expanded the distribution channels that sell the funds . 8 in 1987 lord abbett moved its headquarters from wall street to the general motors building on fifth avenue in new york city where it would stay for the next decade . in 2000 lord abbett moved its headquarters to jersey city new jersey . as of december 31 2015 lord abbett managed 125.5 billion in assets which includes about 1.5 billion for which lord abbett provided investment models to managed account sponsors . international products edit in may 2014 lord abbett launched a suite of ucits undertakings for collective investments in transferable securities funds to provide non u.s. institutions and non u.s. resident investors with access to select lord abbett investment strategies . the funds are listed on the irish stock exchange . 9 references data edit contact us . lord abbett . retrieved 15 february 2013 . leadership team . lord abbett . lord abbett & co. llc private company information businessweek . http www.mfwire.com fundprofile.asp fund 24107 & bhcp 1 laffx lord abbett affiliated a fund laffx quote price news . http openscholarship.wustl.edu cgi viewcontent.cgi article 3994 & context law lawreview http www.barrons.com articles sb107066508443778500 http ibd.morningstar.com archive archive.asp inputs days 14 ; frmtid 12 % 20brf295 lord abbett launches fixed income ucits passport portfolios for european investors . institutional asset manager . 19 may 2014 . external links edit find more about lord abbett at wikipedia s sister projects definitions from wiktionary media from commons news from wikinews quotations from wikiquote texts from wikisource textbooks from wikibooks learning resources from wikiversity official website mutual fund by family lord abbett lord abbett bond debenture a fund portfolio msn.money lord abbett capital structure r2 lamqx yahoo finance filife retrieved from https en.wikipedia.org w index.php title lord abbett & oldid 742518580 categories investment management companies of the united statescompanies based in jersey city new jerseycompanies established in 1929financial services companies based in new jersey1929 establishments in new york navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 4 october 2016 at 05 26 . text is available under the creative commons attribution sharealike license ; 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