Overview
Introduction
Attucks Asset Management, LLC (“Attucks”) was formed in 2001 and specializes in
developing portfolios comprised of emerging managers designed to allow institutional
investors the opportunity to invest with minority- and women-owned, smaller, and newer
investment managers (emerging manager–of-managers or “EMOM”) in a risk-controlled
environment.
Principal Owners
For the purpose of this section, Attucks defines its principal owners as any person directly
owning 25% or more of Attucks as disclosed on Schedule A of Part 1A as of date of the last
update filing. Leslie F. Bond, Jr. is the sole direct owner of Attucks with 100% capital
ownership.
Investment Advisory Services
Attucks’ current investment advisory services consist of active investment management of
EMOM portfolios. In this capacity, Attucks selects and monitors emerging investment
advisers (“Sub-advisors”) who manage assets on behalf of the accounts of corporate and
institutional pension plans clients. Typical investment advisory services Attucks provides
include:
- developing appropriate investment policies, objectives and guidelines for clients’
separate accounts, consistent with client investment objectives;
- identifying, selecting, and retaining emerging investment managers, including
minority/women-owned investment advisers to serve as its Sub-advisors;
- allocating client assets among those Sub-advisors;
- monitoring the performance and operations of Sub-advisors to ensure its clients’
portfolios comprised of other managers meet overall
client investment objectives;
and
- client reporting.
All Sub-advisors selected by Attucks are investment advisers registered under the
Investment Advisers Act of 1940, as amended.
Generally, Attucks does not provide advice to clients on the purchase or sale of any particular
domestic (U.S.) security or type of securities (e.g., stocks or bonds) nor does Attucks provide
specific security analysis. However, as an EMOM, Attucks retains Sub-advisors, to manage
client assets in separate accounts in accordance with its guidelines, and its clients’ guidelines
established through the investment agreement and in consultation with the client. The
guidelines are based on a target index as well as the risk and return objectives. The types of
investments selected by Attucks’ Sub-advisors for client portfolios include exchange-listed
securities; securities traded over the counter, foreign issues, corporate debt securities (other
than commercial paper), mutual fund shares, and United States Government securities.
Individual Sub-advisors use fundamental and technical analysis for selecting client
investments. Attucks evaluates potential Sub-advisors based on their personnel, philosophy,
investment process and performance.
Client Assets
Attucks manages client assets on a discretionary and non-discretionary basis. As of
December 31, 2023, Attucks managed 19 accounts on a discretionary basis with
$4,412,595,836 in total assets under management. Attucks did not manage any accounts on
a non-discretionary basis as of December 31, 2023.