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NEWS

Upcoming Conferences
  • EVENTS

    News and Events

    ANGELES INVESTMENT SYMPOSIUM

    The Intersection of Politics & Investing

    Angeles Symposium on the "Intersection of Politics and Investing" occurred on October 16, 2018 in Los Angeles, CA, and was attended by Angeles clients and friends of the firm. We hope to see you again next time and have included a summary of the discussion along with a video for those who weren't able to attend in person.

    Read More WATCH VIDEO
  • IN THE NEWS

    • Pensions and Investments

      Pensions &
      Investments

      Current perception of industry big part of consolidation trend
      11-23-2018

      The increased consolidation among traditional non-discretionary investment consultants is the result of the industry being commoditized, said Michael A. Rosen, CIO of Angeles Investment Advisors LLC.

      Read More READ MORE
    • Bloomberg Business

      Bloomberg
      Businessweek

      Fidelity Bets on Zero-Fee Index Funds
      8-9-2018

      If the no-fee funds bring more customers into the store, "they can sell them other products and services," says Michael Rosen, chief investment officer for Angeles Investment Advisors LLC

      Read More READ MORE
  • AWARDS

    GREENWICH QUALITY LEADER AWARD

    We are pleased to announce Angeles Investment Advisors was named a 2017 Greenwich Quality Leader in Overall U.S. Investment Consulting among midsize advisors. You can read the full press release here.

CONFERENCE HISTORY

  • June 2018

    UCLA Anderson School of Management, Financial Institutions Seminar on Options, Futures and VIX Index

    Alan Adelman, Panelist

    Los Angeles, CA
  • June 2018

    Institutional Investor, Endowments & Foundations Roundtable

    Michael Rosen, Speaker

    Boston, MA
  • June 2018

    Institutional Investor, Endowments & Foundations Roundtable

    Howard Perlow, Panelist

    Boston, MA
  • March 2018

    The Real Estate Mexico California Meeting

    Shana Mulkerin, Speaker

    Santa Monica, CA
Conference History

CONFERENCE HISTORY

CONFERENCE HISTORY

  • June 2018

    UCLA Anderson School of Management, Financial Institutions Seminar on Options, Futures and VIX Index

    Alan Adelman, Panelist

    Los Angeles, CA
  • June 2018

    Institutional Investor, Endowments & Foundations Roundtable

    Michael Rosen, Speaker

    Boston, MA
  • June 2018

    Institutional Investor, Endowments & Foundations Roundtable

    Howard Perlow, Panelist

    Boston, MA
  • March 2018

    The Real Estate Mexico California Meeting

    Shana Mulkerin, Speaker

    Santa Monica, CA
  • March 2018

    Institutional Investor Roundtable for Corporate Funds & Insurance Portfolios

    Michael Rosen, Speaker

    Washington, DC
  • March 2018

    P&I Global Fixed Income & Credit Symposium

    Michael Rosen, Speaker

    Chicago, IL
  • March 2018

    Angeles Investment Advisors, Investment Symposium, "Bear Market (Mis)timing"

    Michael Rosen, Speaker

    Los Angeles, CA
  • January 2018

    Upfront Summit

    Tatijana Janko, Speaker

    Los Angeles, CA
  • March 2017

    Women's Private Equity Summit

    Susan Lee, Speaker

    Half Moon Bay, CA
  • January 2017

    ConsortiumWEST

    Leslie Kautz

    Los Angeles, CA
  • January 2017

    Ernst and Young Global Hedge Fund Symposium

    Michael Burlon, Speaker

    Los Angeles, CA
  • January 2017

    2017 Angeles Investment Advisors Foundation Symposium

    Michael Rosen, Speaker

    Los Angeles, CA
  • November 2016

    2016 Angeles Independent School Endowment Symposium

    Michael Rosen, Speaker

    Los Angeles, CA
  • October 2016

    BIVIUM CAPITAL PARTNERS CONFERENCE

    Leslie Kautz, Speaker

    San Francisco, CA
  • October 2016

    Bivium Capital Partners Conference

    Leslie Kautz

    San Francisco, CA
  • August 2016

    eVestment Los Angeles Asset Manager Breakfast

    Aaron Azelton

    Los Angeles, CA
  • June 2016

    Institutional Investor Endowment & Foundation Forum

    Michael Rosen, Speaker

    Boston, MA
  • April 2016

    SBIA Western Private Equity Conference

    Susan Lee, Speaker

    Los Angeles, CA
  • March 2016

    ALTSLA 2016 Conference

    Michael Rosen, Susan Lee & Shana Mulkerin, Speakers

    Los Angeles, CA
  • November 2015

    2015 Angeles Independent School Endowment Symposium

    Thank you to the 22 independent schools that participated in a thoughtful exchange of ideas.

    Los Angeles
  • October 2015

    Bivium Capital Conference

    Peter Stein, Speaker

    San Francisco, CA
  • October 2015

    GLOBAL ARC

    Peter Stein, Speaker

    Boston, MA
  • September 2015

    The Investment Institute

    Peter Stein, CIO Roundtable

    Charlotte, NC
  • September 2015

    Institutional Investor Conference

    Michael Rosen, Speaker

    Chicago, IL
  • June 2015

    2015 LOFT Investors Forum

    Susan Lee, Speaker

    Los Angeles, CA
  • June 2015

    Institutional Investor Conference

    Michael Rosen, Speaker

    Boston, MA
  • May 2015

    The Investment Institute

    Peter Stein, Speaker

    Raleigh, NC
  • April 2015

    Institutional Investor Roundtable

    Peter Stein, Speaker

    Los Angeles, CA
  • April 2015

    Institutional Investor - Defined Contribution Forum

    Michael Rosen, Speaker

    Los Angeles, CA
  • March 2015

    National Association of Securities Professionals - Private Equity

    Susan Lee, Speaker

    Los Angeles, CA
  • March 2015

    Los Angeles Alternative Investment Conference

    Peter Stein & Susan Lee, Speakers

    Los Angeles, CA
  • March 2015

    UCLA Private Fund Conference

    Peter Stein, Speaker

    Los Angeles, CA
  • January 2015

    Non-Profit CFO Roundtable

    Peter Stein, Speaker

    Chicago, IL
  • October 2014

    ROUNDTABLE FOR CONSULTANTS & INSTITUTIONAL INVESTORS

    Michael Rosen, Speaker

    Chicago, IL
  • October 2014

    Consortium Emerging Manager Conference

    Shana Mulkerin & Susan Lee, Speakers

    Los Angeles, CA
  • July 2014

    GLOBAL ICON INVESTMENT CONSULTANT DIALOGUE

    Michael Rosen, Speaker

    Boston, MA
  • July 2014

    FIXED-INCOME FORUM

    Michael Rosen, Speaker

    Santa Barbara, CA
  • June 2014

    Opus Private Equity

    Susan Lee, Speaker

    Los Angeles, CA
  • June 2014

    RFK COMPASS 2014

    Michael Rosen, Speaker

    Hyannis Port, MA
  • April 2014

    II PUBLIC FUND ROUNDTABLE

    Michael Rosen, Speaker

    Beverly Hills, CA
  • March 2014

    RFK COMPASS 2014

    Michael Rosen, Speaker

    Half Moon Bay, CA
  • October 2013

    INSTITUTIONAL INVESTOR INSTITUTE'S ROUNDTABLE FOR CONSULTANTS

    Michael Rosen, Speaker

    Chicago, IL
  • June 2013

    RFK COMPASS

    Michael Rosen, Speaker

    Hyannis Port, MA
  • June 2013

    INSTITUTIONAL INVESTOR INSTITUTE'S ENDOWMENT & FOUNDATIONS ROUNDTABLE

    Michael Rosen, Speaker

    Boston, MA
  • October 2012

    INSTITUTIONAL INVESTOR CONFERENCE

    Michael Rosen, Speaker

    Chicago, IL
  • October 2012

    FINANCIAL TIMES INVESTMENT MANAGEMENT SUMMIT

    Jonathan Foster, Panelist

    New York, NY
  • September 2012

    SCHWAB ADVISORS TRANSITIONS CONFERENCE

    Jonathan Foster, Panelist

    Dana Point, CA
  • June 2012

    INSTITUTIONAL INVESTOR HEDGE FUND CONFERENCE

    Michael Rosen, Speaker

    New York, NY
  • June 2012

    INSTITUTIONAL INVESTOR ENDOWMENTS AND FOUNDATIONS ROUNDTABLE

    Michael Rosen, Panelist

    Boston, MA
  • May 2012

    SACRS

    Michael Rosen, Panelist

    Lake Tahoe, CA
  • April 2012

    INSTITUTIONAL INVESTORS PUBLIC FUNDS

    Michael Rosen, Panelist

    Beverly Hills, CA
  • April 2012

    RFK CONFERENCE

    Michael Rosen, Speaker

    Los Angeles, CA
  • March 2012

    INSTITUTIONAL INVESTOR CONFERENCE

    Michael Rosen, Speaker

    New York, NY
  • January 2012

    FAMILY OFFICE CONFERENCE

    Michael Rosen, Speaker

    Los Angeles, CA
Press Releases

ANGELES IN THE NEWS

ANGELES IN THE NEWS

2018
arrow

    • Pensions and Investments

      Pensions &
      Investments

      Current perception of industry big part of consolidation trend
      11-23-2018

      The increased consolidation among traditional non-discretionary investment consultants is the result of the industry being commoditized, said Michael A. Rosen, CIO of Angeles Investment Advisors LLC.

      Read More READ MORE
    • Bloomberg Business

      Bloomberg
      Finance

      Some Value Funds Are Stuffed With Cash as Stocks Surge
      11-2-2018

      On this week's edition of Bloomberg Finance, John Tucker & Katia Porzecanski discuss the October equity selloff with Michael Rosen of Angeles Investment Advisors, which invests in hedge funds, private equity firms, and other outside managers.

      Read More READ MORE
    • Bloomberg Business

      Bloomberg
      Businessweek

      Fidelity Bets on Zero-Fee Index Funds
      8-9-2018

      If the no-fee funds bring more customers into the store, "they can sell them other products and services," says Michael Rosen, chief investment officer for Angeles Investment Advisors LLC, which manages money for endowments and foundations. "This isn't altruism, it makes good business sense."

      Read More READ MORE
    • Bloomberg Business

      Bloomberg
      Markets

      Will Owning the Carolina Panthers Distract David Tepper?
      6-9-2018

      "If I were invested in a manager who bought a team, it would make me question my investment thesis," said Michael Rosen, chief investment officer of $28 billion Angeles Investment Advisors, which isn't an Appaloosa client. "The level of competition is so intense. It requires your focus and attention fully. It's not something that can be passed off to others or done part time."

      Read More READ MORE
    • Yahoo Finance

      Yahoo
      Finance

      Guns-Divesting Activist Calls Strategy a Failure
      3-18-2018

      "If you sell your shares, you are giving up any modicum of influence you may have,"" said Michael Rosen, CIO of Santa Monica, California-based Angeles Investment Advisors.

      Read More READ MORE
    • Bloomberg Business

      Bloomberg
      Markets

      Beleaguered Och-Ziff Turns to Steady Hand for CEO to Calm Waters
      1-30-2018

      CEO's don't matter that much. It's more about the culture they engender and the stability of the investment team," said Michael Rosen, CIO at Angeles Investment Advisors, who's invested with Och-Ziff's credit-opportunities fund. "We have money that Jimmy oversees, and that's what matters more than this."

      Read More READ MORE
    • Reuters Wealth

      Reuters
      Wealth

      Och-Ziff taps outsider as CEO, replacing founder
      1-30-2018

      To some this suggested Levin would stay for now, which reassured some investors. "I have no plans to make sudden moves at this point," said Michael Rosen, chief investment officer at Angeles Investment Advisors LLC, which invests in a fund managed by Levin.

      Read More READ MORE
    • Wall Street Journal

      Wall Street
      Journal

      Clash Between Founder and Protégé Plunges Och-Ziff Into Crisis
      1-23-2018

      "This was not well communicated or handled," says Michael Rosen, chief investment officer at Angeles Investment Advisors LLC.

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Tech giants could easily be next money managers
      1-22-2018

      "The tech giants control such an enormous part of our lives online, financial services could be one of those things that could make sense for them to offer," said Michael A. Rosen. "We've shown that we're willing to trust our data - even intimate data - to a lot of these companies. They don't just have brand awareness but a trust in the brand that is very valuable."

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Angeles Investment Advisors recruits 2 to open Chicago office
      1-22-2018

      David Brief was named senior managing director and head of the Angeles Investment Advisors' new Chicago office, said Michael Rosen, co-founding principal and chief investment officer of the investment consultant. Also, Brandon Pevnick was named investment officer at the new Chicago office. The positions are new.

      Read More READ MORE
    • Bloomberg Business

      Straits
      Times

      Emerging markets guru Mark Mobius to retire
      1-8-2018

      "When he started, there was no Internet and you could barely make a phone call," said Mr Michael Rosen, CIO at Angeles Investment Advisors in Santa Monica, California. "People on the ground had a distinctive advantage."

      Read More READ MORE

2017
arrow

    • Bloomberg Business

      Bloomberg
      Businessweek

      Some Value Funds Are Stuffed With Cash as Stocks Surge
      11-7-2017

      Michael Rosen, who works with institutional clients at Angeles Investment Advisors in Santa Monica, Calif., says most investors prefer to make their own asset allocation choices—deciding for themselves whether stocks are worth the risk—and don't want to pay equity-fund-level management fees on idle money.

      Read More READ MORE
    • Bloomberg Business

      Bloomberg
      Businessweek

      Some Value Funds Are Stuffed With Cash as Stocks Surge
      10-26-2017

      Michael Rosen, chief investment officer at Angeles Investment Advisors LLC in Santa Monica, Calif., remains skeptical. As a group, he says, unconstrained bond funds have yet to prove they can add value for investors. "They asked for fewer constraints so they could make bets and show how smart they are," he says. "It turns out they are not that smart."

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Angeles Investment Advisors appoints director of private markets
      9-11-2017

      Derrick Cruz was named director of private markets at Angeles Investment Advisors, said Michael A. Rosen, principal and chief investment officer.

      Read More READ MORE

2016
arrow

    • Bloomberg Business

      Bloomberg
      Business

      How Vanguard Gains From Firm That Fired Founder Jack Bogle
      3-17-2016

      Many managers spend their entire careers at Wellington, said Michael Rosen, CIO at Angeles Investment Advisors in Los Angeles, where he helps oversee $25 billion. "If you have been there for 20 years, you are the new kid at the firm," Rosen said.

      Read More READ MORE
    • Reuters Wealth

      Reuters
      Wealth

      Bridgewater's Dalio calls report about feud with Jensen overblown
      2-5-2016

      "Bridgewater has a unique culture, and one of the most successful long-term track records in the history of investing. I suspect those two observations are probably connected,"" said Michael Rosen, CIO of Angeles Investment Advisors, whose clients include those with money in Bridgewater funds.

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Baird reaping big gains from fallout at PIMCO
      1-11-2016

      Mr. Rosen said the Baird approach had produced strong investment results, despite avoiding macro bets. "Using a baseball term, do you swing for the fences or do you hit bunt singles?" Mr. Rosen said. "If you can do enough of those bunt singles, it adds up.""

      Read More READ MORE

2015
arrow

    • Bloomberg Business

      Bloomberg
      Business

      Why High-Yield Debt Selloff Isn't 2007 All Over Again. Or Is It?
      1-15-2015

      Just as many underestimated the effect that defaulting subprime mortgages would have on broader financial markets in 2008, investors pulling money from high-yield mutual funds could spread liquidity problems to more fundamentally sound parts of the financial system, said Michael Rosen, CIO of Angeles Investment Advisors.

      Read More READ MORE
    • Bloomberg

      Bloomberg
      Business

      Pimco Names Bernanke, Brown, Trichet to Global Advisory Board
      1-7-2015

      "It's possible to imagine that there's some insight these individuals can provide,"" Rosen, whose Santa Monica, California-based firm advises on more than $25 billion, said in a telephone interview. "But translating that into portfolio construction, securities selection and then performance is probably a number of steps removed. Not a negative by any stretch, but I'm not sure there's a direct link to better performance.""

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Consulting firms answer asset owner calls for accountability
      11-30-2015

      Michael Rosen, founder and CIO at Angeles Investment Advisors LLC, Santa Monica, Calif., said in a phone interview: "Since the crisis, the advice and analysis of consultants is more greatly valued. But at the same time, (we're) more likely to be held accountable for that advice."

      Read More READ MORE
    • Bloomberg

      Bloomberg
      Business

      Unnerved Investors Pull Shutters as Capital-Market Cracks Spread
      10-15-2015

      Ghana, which sold $1 billion in debt this month at 10.75 percent, is an example of a borrower that has been forced to offer a higher yield, according to Rosen. "Poor-quality borrowers, which they apparently are, have to pay up," Rosen said. "I think you see that across the board."

      Read More READ MORE
    • Los Angeles Times

      Los Angeles
      Times

      Pension fund CalSTRS weighs shift to safety
      9-2-2015

      Michael Rosen, principal of Angeles Investment Advisors, a Los Angeles pension consultant, said that to contemplate such a move, investors need to understand their goal and then execute the strategy in a "systematic and disciplined" way. "If it's to stay out of the next 5% drop in the market, OK. But the question might be, why do you care about such a move?" he said.

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Outsourcing here to stay but will continue to evolve
      7-27-2015

      "It's unlike a lot of investment ideas that are really nothing more than fads; the OCIO concept is rooted in a good idea,"" Mr. Rosen added. "It's an approach that solves a number of challenges in a more efficient way.""

      Read More READ MORE
    • Investment News

      Investment
      News

      Capital Group chairman James Rothenberg dies at 69 of heart attack
      7-22-2015

      "He was one of the giants in the investment management world and was part of building Capital Group into one of the premier investment organizations,"" Michael Rosen, CIO at consulting firm Angeles Investment Advisors in Santa Monica, Calif., said. "He had a legacy that extends beyond Capital Group, to Harvard, and he has had an imprint on the largest endowment in the country."

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Towers Watson, Willis merger to combine strengths
      7-13-2015

      "Towers Watson has the stronger investment consulting presence, and I would expect that group to lead the new group effort," Mr. Rosen said.

      Read More READ MORE
    • Los Angeles Times

      Los Angeles
      Times

      Southland bond traders had prepared for scenarios from Greek debt crisis
      6-7-2015

      Michael Rosen, a principal at Angeles Investment Advisors, which advises institutional investors, said MetWest benefited from its size and consistency in attracting cautious bond investors, which often move herd-like to a few firms. "It's not only a good choice, it's a safe choice, and in that sense, it makes it an easy choice," Rosen said.

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      WAMCO working to regain status with institutions
      6-29-2015

      Investment management consultant Michael Rosen, principal of Angeles Investment Advisors, Santa Monica, Calif., said it's not surprising that WAMCO suffered severely during the financial crisis, given its orientation toward riskier assets. "Downside protection has not been a key part of their strategy," he said. But over the past three decades, WAMCO has outperformed longer periods than it has underperformed, Mr. Rosen said.

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Managers add consulting to grow client relationships
      6-29-2015

      "I've run into money managers (at finalist presentations for consulting services) and my peers have as well. The argument is mostly about fees," Mr. Rosen said. "So prospective clients say "I can get all my consulting for free and I have to pay you and so I will go with them because they are cheaper.'"

      Read More READ MORE
    • Los Angeles Times

      Los Angeles
      Times

      CalPERS likely to fall short of annual investment goals
      6-25-2015

      Michael Rosen, a principal at Angeles Investment Advisors, which counsels institutional investors, said the year-to-date performance was "not outside the bounds of what might be reasonable."

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Clients view money managers apart from tainted parents
      6-15-2015

      "To my knowledge, there's no evidence of wrongdoing within the asset management groups. So there's logic to separating the asset manager from the rest of the organization," Mr. Rosen said. "But it's not completely apart. There is a connection."

      Read More READ MORE
    • Investment News

      Investment
      News

      Five years in, Janus CEO Richard Weil beats the odds but has more work to do
      6-1-2015

      But consultant Michael Rosen, founder and CIO of Angeles Investment Advisors, believes institutional money could flow to Mr. Gross sooner than the usual three-year track record if he can adequately articulate his investment process to potential investors.

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Money manager assets increase thanks to rising markets
      5-8-2015

      Vanguard benefited in 2014 from its leadership as a low-fee index fund manager, said Michael Rosen, founder and CIO at Angeles Investment Advisors LLC, Santa Monica, Calif. "Passive has gained a lot of interest and money because active equity managers have had performance challenges," Mr. Rosen said.

      Read More READ MORE
    • Investment News

      Investment
      News

      O'Hanley has work cut out for him at State Street Global Advisors
      4-10-2015

      Michael Rosen, a principal of Santa Monica, Calif.-based investment consultant Angeles Investment Advisors, agreed, describing Mr. O'Hanley as "a highly qualified leader" who is "very experienced and very knowledgeable in the money management world." Mr. Rosen added that although he doesn't know where Mr. O'Hanley will take the firm, "there's a connection with Scott that goes back a long way, so my guess is there'll be a fair amount of continuity."

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      O'Hanley ready to take on ‘formidable' competition
      4-6-2015

      Michael Rosen, a principal of Santa Monica, Calif.-based investment consultant Angeles Investment Advisors LLC, agreed, describing Mr. O'Hanley as "a highly qualified leader" who is "very experienced and very knowledgeable in the money management world."

      Read More READ MORE
    • Los Angeles Times

      Los Angeles
      Times

      Ted Eliopoulos: CalPERS' $300-billion man
      2-8-2015

      "It's perfectly possible to be a very effective leader even if you don't have all the experience in the weeds," said Michael Rosen, a principal at Angeles Investment Advisors, which advises institutional investors.

      Read More READ MORE
    • Bloomberg

      Bloomberg
      Business

      Pimco Fund Had $11.6 Billion of Withdrawals in January
      2-3-2015

      At this point, most people who've decided to exit have exited," Michael Rosen, chief investment officer at Angeles Investment Advisers LLC in Santa Monica, California, said in a telephone interview. "I think that's probably right unless performance starts deteriorating and then the floodgates will open again."

      Read More READ MORE
    • Investment News

      Investment
      News

      Vanguard's funds reach new heights
      1-26-2015

      Although Mr. Rosen said he still believes in active management — "it just requires the right mix of resources, experience, organization and judgment to identify superior managers" — he noted "widespread underperformance in active management has led some clients to seek more passive management and ask whether it's worth paying the fees to outperform when a large percentage of managers don't."

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      For Vanguard, these are the best of times
      1-26-2015

      Others agree. "The trend toward passive investing is something (Vanguard founder) John Bogle really believed in," said Michael Rosen, a principal of Santa Monica, Calif.-based investment consultant Angeles Investment Advisors LLC. "He didn't believe it would be a momentary academic study, but rather a positive long-term trend. And he's absolutely right."

      Read More READ MORE
    • Bloomberg

      Bloomberg
      Business

      In Vanguard's Shadow, Small Firm Scores Tweaking Indexes
      1-13-2015

      "Educated advisers are more likely to prevent their clients from making radical changes when markets drop," said Rosen. "The fact that those assets are sticky will add value for the investors."

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Dodge & Cox grows on performance, PIMCO flow
      1-12-2015

      While performance at both funds is strong, it's clear the Dodge & Cox bond strategy benefited from outflows at PIMCO, said investment consultant Michael Rosen, a principal of Angeles Investment Advisors LLC, Santa Monica, Calif.

      Read More READ MORE
    • Investment News

      Investment
      News

      Pimco Total Return suffers worst year for redemptions, with Gross, El-Erian departures
      1-3-2015

      "You could still see some more outflows and then it probably stabilizes, unless performance really deteriorates," Michael Rosen, chief investment officer at Angeles Investment Advisers in Santa Monica, Calif., said.

      Read More READ MORE

2014
arrow

    • Bloomberg Business

      Bloomberg
      Markets

      Pimco Paid Billionaire Gross $290 Million Bonus in 2013
      11-4-2014

      "In the mutual fund world it’s no doubt on the very high side," said Michael Rosen, chief investment officer at Angeles Investment Advisors LLC in Santa Monica, California, who oversees $47 billion for endowments and pensions. "This is a company with $2 trillion - that's an awful lot of money and that's an awful lot of money in fees."

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Battle for share of PIMCO spoils is getting hotter
      10-27-2014

      Mr. Rosen said the new multiperson investment team that replaced Mr. Gross on the fund might improve its recent performance, but that might not be enough to retain investors. "It may be better, but it is not what investors signed up for, which is Bill Gross," he said.

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Janus asset drain expected to end
      10-13-2014

      Michael Rosen said he would want to understand Mr. Gross' investment process and determine the support team he will have in building his new Janus fund. But Mr. Rosen said if initial due diligence is positive and Mr. Gross develops strong initial results, he could see recommending the strategy.

      Read More READ MORE
    • Reuters Wealth

      Reuters
      Wealth

      Pimco's outflow headaches only just beginning
      10-7-2014

      Investors who wait until year-end to move could find an added squeeze as the holiday season dries up liquidity, said Michael Rosen, the chief investment officer of Angeles Investment Advisors. "If you’re going to shift a portfolio, it gets tougher to do in big size as you get closer to the end of year," he noted.

      Read More READ MORE
    • Pensions and Investments

      Pensions &
      Investments

      Portfolio choices doomed CalPERS' hedge fund program
      9-29-2014

      Mr. Rosen added that hedge fund costs for all large institutional investors have steadily dropped and that CalPERS pays similar or even higher fees for private equity investments, "so cost does not seem a credible explanation for dropping hedge funds." Only scale, Mr. Rosen said, "makes any sense. CalPERS is so big that they are unable to extract any alpha."

      Read More READ MORE
    • Los Angeles Times

      Los Angeles
      Times

      Pimco scrambles to regroup, replaces Bill Gross with team approach
      9-29-2014

      "Most people who invested in Total Return invested because of Bill Gross," says Michael Rosen, principal and chief investment advisor at Angeles Investment Advisors, based in Santa Monica. "If he's no longer there, the reason to invest there goes away, if that was your thesis."

      Read More READ MORE
    • Bloomberg Business

      Bloomberg
      Business

      Pimco Could See Withdrawals Up to 30% as Managers Stunned
      9-26-2014

      Sanford Bernstein said in a report today that Pimco could see withdrawals of 10 percent to 30 percent. "Stunning,” Michael Rosen, chief investment officer at Santa Monica, California-based Angeles Investment Advisors, said of the departure.

      Read More READ MORE
    • Bloomberg Business

      Bloomberg
      Business

      Allianz's CEO Defends Pimco Amid Shareholder Criticism
      5-7-2014

      "All this becomes so much of a distraction it prevents people from performing at their highest abilities," Michael Rosen, chief investment officer at Angeles Investment Advisors LLC in Santa Monica, California, said in a telephone interview. "At some point you’ll see that in their performance numbers."

      Read More READ MORE
    • Investment News

      Investment
      News

      Drama, poor performance haunt Pimco
      3-17-2014

      Mr. Rosen said he has not put Pimco on a unilateral blacklist; it depends on the strategy and specific investment performance. He said the Pimco income strategy managed by Daniel Ivascyn, one of the new deputy CIOs, has done very well. Several clients are invested in the strategy, he said.

      Read More READ MORE
    • Bloomberg Business

      Bloomberg
      Pursuits

      El-Erian Exit Is Pimco Distraction as Gross Saves Legacy
      3-10-2014

      "This clearly has the potential for being distracting," said Michael Rosen, chief investment officer at Angeles Investment Advisors LLC, a Santa Monica, California-based consultant to institutions. "We prefer our portfolio managers to simply manage portfolios and not spend time thinking about what’s being said in the media."

      Read More READ MORE
    • Reuters Wealth

      Reuters
      Wealth

      Hedge funds guard data more, give clients new reason to grumble
      3-7-2014

      "There are legitimate interests on both sides, and a balance needs to be struck," said Michael Rosen, chief investment officer at Angeles Investment Advisors. But he adds, "having a manager say ‘Just trust me’ is not acceptable."

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    • Bloomberg Business

      Bloomberg
      Pursuits

      Pimco Beats 99% of Peers With Ivascyn as Market Beast: Mortgages
      1-27-2014

      "It has been pretty clear for a while that Dan is part of the next generation of leadership at Pimco," said Michael Rosen, CIO at Angeles Investment Advisors LLC, a Santa Monica, California-based consultant to institutions. "He has done well and he’s a good guy."

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    • CNBC

      CNBC
      Reuters

      Pimco's problem: Who can succeed the 'Bond King'?
      1-24-2014

      Michael Rosen, chief investment officer at Angeles Investment Advisors said, "but whether he can continue to do that while he's taking on increased responsibilities of being a deputy chief investment officer remains to be seen."

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2013
arrow

    • Crain's New York

      Crain's

      Paulson funds benefit from shift to stocks
      12-30-2013

      "Following a couple of years of very strong returns in the credit space, we had a sense in the beginning of the year that had largely played out," said Michael Rosen, CIO for Angeles Investment Advisors LLC, a Santa Monica, Calif.-based consultant to institutions. Mr. Rosen's firm sought to increase its exposure to equity markets, he said, "whether that was through activist or traditional long-short funds."

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    • Pensions and Investments

      Pensions &
      Investments

      Institutions are bit players in the DoubleLine story
      6-24-2013

      Michael Rosen, principal and CIO of investment consultant Angeles Investment Advisors LLC, Los Angeles, said any issues from the trial have been resolved in his mind. "I think Mr. Gundlach is a genius; he has demonstrated that he is one of the great bond investors of our generation," he said.

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    • New York Times

      New York
      Times

      Umbrella Policies Fill In Some Gaps
      6-24-2013

      "The thing I find most interesting about this is that it doesn’t matter whose fault it is," said Jonathan R. Foster, chief executive of Angeles Wealth Management in Santa Monica, Calif. "If someone dies in a car accident and it’s your fault, it goes a long way to protecting you or your family."

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