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Roger Engemann Associates

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BUSINESS
November 23, 1996 | Times Staff and Wire Reports
Pasadena-based Roger Engemann & Associates, a money management firm with about $4.8 billion in assets, said it hired the investment banking firm Putnam, Lovell & Thornton Inc. to explore a sale of the company. Roger Engemann & Associates joins a growing list of fund managers that are for sale. Others are San Francisco's Montgomery Asset Management and Chatsworth-based Great Western Financial Corp.'s mutual fund group. A third California-based fund manager, TCW Group Inc.'s Trust Co.
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BUSINESS
June 10, 1997 | TOM PETRUNO, TIMES STAFF WRITER
Pasadena Capital Corp., the holding company for Pasadena-based investment manager Roger Engemann & Associates, agreed Monday to be bought by Phoenix Duff & Phelps, in the latest big consolidation move within the money management industry. Hartford, Conn.-based Phoenix, which manages $33 billion in assets, will gain another $5.4 billion with Pasadena Capital, which manages primarily individual accounts and also has nearly $1 billion in its six mutual funds under the Pasadena name.
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BUSINESS
June 10, 1997 | TOM PETRUNO, TIMES STAFF WRITER
Pasadena Capital Corp., the holding company for Pasadena-based investment manager Roger Engemann & Associates, agreed Monday to be bought by Phoenix Duff & Phelps, in the latest big consolidation move within the money management industry. Hartford, Conn.-based Phoenix, which manages $33 billion in assets, will gain another $5.4 billion with Pasadena Capital, which manages primarily individual accounts and also has nearly $1 billion in its six mutual funds under the Pasadena name.
BUSINESS
November 23, 1996 | Times Staff and Wire Reports
Pasadena-based Roger Engemann & Associates, a money management firm with about $4.8 billion in assets, said it hired the investment banking firm Putnam, Lovell & Thornton Inc. to explore a sale of the company. Roger Engemann & Associates joins a growing list of fund managers that are for sale. Others are San Francisco's Montgomery Asset Management and Chatsworth-based Great Western Financial Corp.'s mutual fund group. A third California-based fund manager, TCW Group Inc.'s Trust Co.
BUSINESS
April 22, 1991 | TOM PETRUNO
A bigger stock market bull than Roger Engemann may not exist. In fact, there may be few people on Earth as optimistic about life in general as Engemann. The 50-year-old Pasadena investor, whose Roger Engemann & Associates manages $1.3 billion for 13,500 clients, is an anomaly in his field. While most money managers seem to think they're paid to worry, Engemann's hallmark has been an unabashed exuberance--for the economy and the long-term outlook of common stocks.
BUSINESS
May 23, 1994 | TOM PETRUNO
If managing money is coping with a series of feasts and famines, Roger Engemann may be one of the hungriest people in the business today. His Pasadena-based investment firm, Roger Engemann & Associates, has long been the most vocal cheerleader for America's big-name consumer growth stocks--issues such as Coca-Cola, Walt Disney, Wal-Mart and Philip Morris. From the mid-'80s until 1992, Engemann practically minted money by owning those stocks, as they rocketed in value.
REAL ESTATE
March 30, 1986
Roger Engemann Associates, a financial consulting firm, has moved into its newly purchased regional headquarters at 600 N. Rosemead Blvd., Pasadena.
BUSINESS
June 20, 1997 | (Bloomberg News)
Phoenix Duff & Phelps Corp. said it will buy a majority stake in GMG/Seneca Capital Management, a San Francisco-based money manager with more than $4 billion in assets. The companies wouldn't say how much of GMG/Seneca was being sold, but said that the transaction values GMG/Seneca as a whole at $54 million. Phoenix Duff & Phelps, majority-owned by Hartford, Conn.-based Phoenix Home Life Mutual Insurance Co., manages over $33 billion in assets.
BUSINESS
March 21, 1997 | (Tom Petruno), (Bloomberg News)
Beverly Hills-based Pacific Financial Research, a $4.2-billion-asset money manager best known for its Clipper stock mutual fund, agreed to be bought by United Asset Management Corp. of Boston. Pacific Financial, led by veteran investor James Gipson, becomes the 48th investment firm in UAM's growing stable. Its firms, which operate mostly autonomously, manage a total of $175 billion in private money and mutual funds.
BUSINESS
November 19, 1998 | From Bloomberg News
America Online Inc. and Netscape Communications Corp. shares surged on investor optimism that the No. 1 online service might distribute Netscape's Internet browser to better compete against Microsoft Corp., people familiar with the companies' talks said. America Online advanced $8.38, or 11%, to close at $83.75 on the New York Stock Exchange. It was the most active U.S. stock. Netscape climbed $10 to close at $39.25 in heavy trading on Nasdaq.
BUSINESS
May 23, 1994 | TOM PETRUNO
If managing money is coping with a series of feasts and famines, Roger Engemann may be one of the hungriest people in the business today. His Pasadena-based investment firm, Roger Engemann & Associates, has long been the most vocal cheerleader for America's big-name consumer growth stocks--issues such as Coca-Cola, Walt Disney, Wal-Mart and Philip Morris. From the mid-'80s until 1992, Engemann practically minted money by owning those stocks, as they rocketed in value.
BUSINESS
April 22, 1991 | TOM PETRUNO
A bigger stock market bull than Roger Engemann may not exist. In fact, there may be few people on Earth as optimistic about life in general as Engemann. The 50-year-old Pasadena investor, whose Roger Engemann & Associates manages $1.3 billion for 13,500 clients, is an anomaly in his field. While most money managers seem to think they're paid to worry, Engemann's hallmark has been an unabashed exuberance--for the economy and the long-term outlook of common stocks.
BUSINESS
July 14, 1998 | From Times Staff and Wire Reports
The chips may be down, but don't count Intel Corp. out. Shares surged 3.3% on Monday amid optimism that sales at the world's largest maker of microprocessors will improve now that a glut of personal computers seems to be shrinking. And any reports of Intel's demise as a tech bellwether appear to have been premature, as the company helped propel Nasdaq to its fourth straight record close. Though still off almost 20% from their record high in August, Intel shares climbed $2.63 to close at $82.
BUSINESS
November 13, 2001 | Times Staff Reports
In the latest example of the rapid consolidation of the money-management business, veteran Los Angeles investment firm Kayne Anderson Rudnick Investment Management is selling a majority stake to a unit of Phoenix Cos., the two companies said Monday. The deal will make Kayne Anderson part of a money-management giant that includes Phoenix Life Insurance Co., Pasadena-based investment manager Roger Engemann & Associates and the Phoenix Charter Oak Trust Co.
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