"A number of our team members have been displaced and several have lost their homes completely, my family included," said Katie Koch, president and CEO of TCW, a firm that manages $203 billion in assets, in a letter to her Los Angeles colleagues that she reposted on LinkedIn.
In a letter to the firm's clients, Phil Pecsok, Anacapa's founder and CIO, said all of its employees are safe and that the team successfully activated its business continuity plan. They now are working remotely 'with full access to trading platforms and risk monitoring systems.'
The Los Angeles area is home to large industry players like Capital Group, TCW Group, and hedge funds Oaktree Capital and Ares Management. In total, firms in Los Angeles manage more than $4 trillion of the $132 trillion in global assets managed in the United States.
Collection
[
|
...
]