JERSEY CITY, NJ – November 18, 2024 – Lord, Abbett & Co. LLC (“Lord Abbett”), an independent, privately-held investment management firm, is proud to celebrate its 95th anniversary. Since its founding in 1929 in the aftermath of Black Tuesday, Lord Abbett has been a leader in asset management, with a reputation for performance, innovation, and leadership.
“This milestone is a testament to each employee of Lord Abbett, past and present, who has committed to achieving excellent results for our clients,” said Douglas Sieg, CEO and Managing Partner of Lord Abbett. “We have always prioritized providing strong, innovative investment strategies to our clients, while investing ourselves in long-term relationships built on trust and a deep understanding of client needs. I’m looking ahead to the next 95 years of Lord Abbett with optimism and enthusiasm for our continuing legacy.”
As part of the firm’s 95th anniversary celebrations, Lord Abbett reaffirms its dedication to responsible investment and making a positive impact in the financial industry. Lord Abbett will continue investing in the technology, talent, and investing practices that it believes best meet the needs of its global clientele. The firm will continue to foster a culture where excellence, responsibility, transparency, and collaboration are celebrated.
For more information about Lord Abbett, please visit lordabbett.com.
About Lord Abbett
Lord Abbett & Co. LLC is a privately held, global asset management firm founded in 1929. From the day we first opened for business, our approach to investing for and serving our clients has been rooted in our core beliefs: Our clients always come first, our firm maintains a singular focus on the management of money, and our perspective is shaped by our independent thinking. These beliefs and our experience have empowered us to serve generations of clients, navigate changing markets, and earn the privilege of managing approximately $214 billion in assets (as of September 30, 2024) across a full range of global investment offerings.
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