PENN MUTUAL ASSET MANAGEMENT, LLC

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Adviser Profile
As of Date 03/29/2024
Adviser Type - Large advisory firm
- An investment adviser (or subadviser) to an investment company
Number of Employees 33 -13.16%
of those in investment advisory functions 33 -13.16%
Registration SEC, Approved, 2/2/1990
AUM* 33,655,762,702 10.97%
of that, discretionary 33,655,762,702 10.97%
Private Fund GAV* 68,598,173 -0.91%
Avg Account Size 841,394,068 10.97%
SMA’s Yes
Private Funds 1
Contact Info 215 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles
- Insurance companies
- Corporations or other businesses not listed above

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management

Recent News

Reported AUM

Discretionary
Non-discretionary
35B 30B 25B 20B 15B 10B 5B
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeOther Private Fund Count1 GAV$68,598,173

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Brochure Summary

Overview

PMAM was organized in June 1989, under the name of Independence Capital Management, Inc. The principal office of PMAM is located at Eight Tower Bridge, 161 Washington Street, 11th Floor West Suite 1111, Conshohocken, Pennsylvania 19428. PMAM is a wholly owned subsidiary of The Penn Mutual Life Insurance Company (“Penn Mutual”), a mutual life insurance company. As of December 31, 2023, PMAM is managing approximately $33.6b in client assets, all of which is managed on a discretionary basis. PMAM offers investment management services to: affiliated insurance company general and separate accounts and other affiliated corporate entities; third-party U.S. institutional clients; registered investment companies; private funds; separately managed portfolios; and other pooled investment vehicles. The Firm generally manages client investment portfolios (on both a discretionary
and non-discretionary basis) in a manner consistent with client written investment objectives, guidelines, limitations and restrictions. PMAM manages client investment portfolios based on various investment strategies and may perform day-to-day investment management services directly or retain independent investment advisers (“Sub-Advisers”) to manage a portion or all of client investment portfolios. PMAM also offers a fee-based advisory wrap program (“Wrap Fee Program”) which is a customized discretionary investment advisory program for affiliated insurance company clients seeking to bundle fees for services associated with investment management, custodian fees, proxy fees, brokerage and other transaction costs (including costs related to derivative transactions). For more information on the Wrap Fee Program, please refer to the PMAM Wrap Fee Program Brochure.