Ddj Capital Management LLC (Waltham)

Name: Ddj Capital Management LLC
Address: 130 Turner Street, Waltham, MA, 02453
Telephone: 781-283-8500

Ddj Capital Management LLC is a large advisory firm based in Waltham. It manages $8.22 billion of regulatory assets for 45 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdiction of Massachusetts.

Ddj Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, portfolio management for businesses and institutional clients, and publication of newsletters. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ddj Capital Management: assets under management

The assets under management (AUM) of Ddj Capital Management LLC is $8.22 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 626% since the beginning of its operation, and $1.89 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $8.22 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $182.63 million each.

Ddj Capital Management has custody of $155.24 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in non-investment grade corporate bonds the most. They account for 61% of the total AUM. The second-largest asset type is other assets, which make up 33% of the firm’s portfolio. Investments in non-exchange traded securities form 3% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ddj Capital Management LLC for their services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David John Breazzano serves?

The firm provides services to investment companies, charitable organizations, other investment advisers, pooled investment vehicles, corporations or other businesses, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of David John Breazzano is other investment advisers with 12 clients and $4.07 billion of assets under management. Among the 8 most similar advisory firms, Ddj Capital Management has the highest percentage of other investment advisers out of all clients.

The amount of regulatory assets under management is $8.22 billion for 37 clients. 27% of the firm’s clients are foreign persons or businesses.

Ddj Capital Management also advises several private funds. Namely, two hedge funds, two other private funds, and one private equity fund. The minimum investment commitment required of non-related persons is $5,000,000 for each fund.

Careers at Ddj Capital Management LLC

The company employs 55 people that are either part- or full-time employees. 35 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm compensates employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David John Breazzano has been acting as President since 1 Mar 1996. The Anthony M. Ranaldi Revocable Trust joined the executive team most recently as the Na.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David John Breazzano	Elected manager/president	1 Mar 1996	25% - 50%	1181924
Judy Karen Mencher	Principal/managing member	1 Mar 1996	25% - 50%	4374664
Joseph J. Daly	Chief financial officer	1 Apr 1996	Other	4374708
Wendy Schnipper Clayton	General counsel	1 Jul 1996	Other	4374718
Daniel G. Harmetz	Non-member, non-voting holder of economic interest	1 Oct 1998	25% - 50%	4374722
John J. Russell Iv	Chief financial officer	1 May 2001	Other	4515145
Robert Lee Hockett	Principal	1 Jan 2002	Other	1984566
Michael Andrew Forrester	Chief operating officer	1 Apr 2003	Other	1975471
Joshua Liam Mccarthy	Chief compliance officer/general counsel	1 Oct 2004	Other	4932145
Jr. David L. Goolgasian	Portfolio manager	1 Jan 2006	Other	5122876
Jr. David L. Goolgasian	Principal/portfolio manager	1 Apr 2006	Other	5122876
Anthony Michael Ranaldi	Portfolio manager/executive vice president	1 Aug 2007	Other	2933403
Llc Ddj Employee Holdings	Na	1 Apr 2009	Other	26-4667465
Theodore H. Wagenknecht	Principal/portfolio manager	1 Mar 2010	Other	5902171
Joshua Liam Mccarthy	Chief legal officer	1 Dec 2010	Other	4932145
The David J. Breazzano 2011 Delaware Dynasty Trust	Na	1 Dec 2011	Other	306306666
Trustee Of The David J. Breazzano 2011 Delaware Dynasty Trust U.S. Trust Company Of Delaware	Na	1 Dec 2011	Other	51-0392585
The David J. Breazzano 2011 Delaware Dynasty Trust.	Na	1 Dec 2011	Other	306306666
John F. O'connor	Head of business development and client service/senior vice president	1 Aug 2013	Other	4280389
The Anthony M. Ranaldi Revocable Trust	Na	1 Aug 2015	Other	2933403

Indirect Owners

The SEC currently registers 3 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
David John Breazzano	Member, class a units	1 Apr 2009	50% - 75%	1181924
U.S. Trust Company Of Delaware	Trustee	1 Dec 2011	Other	51-0392585
Anthony Michael Ranaldi	Trustee and sole beneficial owner	1 Aug 2015	75% - 100%	2933403

Based in Waltham

The principal office where Ddj Capital Management LLC performs its advisory services is located at 130 Turner Street, Waltham, MA 02453, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 781-283-8500 or by fax 781-419-9180. The normal business hours are 8:30 a.m.-5:30 p.m. on Monday - Friday. You can find more information about the New York firm at ddjcap.com.