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 $46.6 billion (as of 9.30.2020) in a fully invested large cap growth strategy.
SEC registered and 100% employee owned, Edgewood Management LLC was originally formed as a family office providing portfolio management services to family groups and high net worth individuals. Over the last decade Edgewood began providing its services to institutional clients.
Edgewood Firm Timeline
| Year |
AUM ($) |
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 |
$15.5B |
36 |
- Edgewood Growth Fund celebrated 10 year anniversary
- Crossed $15 billion in firm assets in July
|
| 2017 |
$23.3B |
35 |
- Scott Edwardson was promoted to Partner
- Crossed $20 billion in firm assets in June
|
| 2018 |
$25.0B |
36 |
- Olivia Fleming was promoted to Partner
|