Edgewood Growth Fund

Our History

Edgewood Management LLC, founded in 1974 and located in New York City, is the investment adviser to the Edgewood Growth Fund and the Edgewood L Select - US Select Growth fund. The firm manages approximately $15.5 billion (as of 12.31.2016) in a fully invested large cap growth strategy.

SEC registered and independently owned by its nine partners, Edgewood Management LLC was originally formed as a family office providing portfolio management services to family groups and high net worth individuals. Over the last decade Edgewood began providing its services to institutional clients.

Edgewood Firm Timeline

Year AUM ($) Number of
Employees
Key Milestones
1974 ~$50M 6
  • Edgewood founded as a family office
  • Registered with the SEC
1987 $262M 11
  • Large Cap Growth product initially offered
  • Nicholas A. Stephens was promoted to Portfolio Manager
1993 $610M 12
  • Nicholas A. Stephens was promoted to Partner
  • Donna M. Colon was promoted to Partner
1994 $625M 13
  • Alan W. Breed joined as Partner & Portfolio Manager
1995 $837M 14
  • Kevin R. Seth joined as Partner & Portfolio Manager
1996 $988M 14
  • Alan W. Breed took over role as President from his father, Mr. William C. Breed
1997 $1.2B 17
  • Crossed $1 billion in firm assets in May
  • Lawrence G. Creel joined as Partner & Portfolio Manager
1999 $2.1B 17
  • Crossed $2 billion in firm assets in December
  • Established role of CFO with hiring of Fausto Rotundo
  • Moved to 350 Park Avenue, New York, NY from Third Avenue, New York, NY
2005 $2.3B 24
  • Fausto Rotundo and James W. Carrier were promoted to Partner
2006 $3.1B 26
  • Alexander M. Farman-Farmaian and Peter H. Jennison joined as Partners & Portfolio Managers
  • Large Cap portfolio holdings became fixed at 22 stocks
2007 $5.5B 29
  • Crossed $5 billion in firm assets in October
2008 $4.2B 29
2009 $6.9B 31
  • Crossed $6 billion in firm assets in May
2010 $6.2B 30
2011 $6.3B 36
  • Edgewood Growth Fund celebrated 5 year anniversary
2012 $7.0B 36
  • Crossed $7 billion in firm assets
  • Moved firm offices to 535 Madison Avenue, New York, NY
2013 $8.0B 36
  • Crossed $8 billion in firm assets in July
2014 $11.1B 34
  • Crossed $10 billion in firm assets in August
  • Crossed $11 billion in firm assets in November
2015 $13.8B 35
  • Crossed $13 billion in firm assets in July
2016 $15.0B 36
  • Edgewood Growth Fund celebrated 10 year anniversary
  • Crossed $15 billion in firm assets in July