- Summary & Methodology
- Industry Trends
- Transition Manager League Tables
- Transition Manager Profiles
- Abel Noser, LLC
- BlackRock
- BTIG, LLC
- Citigroup Global Markets Inc.
- Macquarie Group Ltd.
- Northern Trust Investments, Inc.
- Pavilion Global Markets Ltd.
- Russell Investments
- State Street Global Markets
Past Surveys
Transition Manager Profiles
Abel Noser, LLC
www.abelnoser.com
Summary of Offering
As an industry leading provider of Transaction Cost Analysis, Abel Noser has a long history of working with asset owners to lower the costs associated with implementing their investment decisions. Transition management is a natural extension of this mission. Abel has built its trading environment from the ground up with one goal in mind: to consistently deliver measurably better executions. Their transition management offering is grounded in an agency execution, coupled with a thoughtful, TCA-based approach to managing risk and sourcing liquidity.
Client Restrictions: None
Business Summary (as of 09/30/2020)
| Total TM clients | 102 |
| Total TM mandates | 174 |
| Total assets transitioned ($USD) | $30.3B |
Regions with Clients that Completed TM Events (2019-2020)
| U.S. | |
| Canada | |
| U.K. | |
| Continental Europe and Republic of Ireland | |
| Asia | |
| Australia | |
| All other locations |
Summary of Client Feedback from 2020 Survey
| Total respondents | 11 |
| Net recommendation/promoter score | 100% |
| % independently audited | 18% |
| % accepted fiduciary role over event | 89% |
Responses by transition type
| Principal | 36% |
| Agency | 55% |
| Hybrid | 9% |
Responses by value of securities transitioned
| <$50MM | 9% |
| $50MM – $250MM | 55% |
| >$250MM – $1B | 36% |
| >$1B – $3B | 0% |
| >$3B | 0% |
Client ratings
5 = Extremely satisfied; 1 = Unsatisfied
| Transition strategies and planning capabilities | 4.91 |
| Operational capabilities and trading quality | 4.91 |
| Risk management capabilities | 4.82 |
| Quality/transparency of reporting | 5.00 |
| Accuracy of pre-trade estimate | 4.82 |
| Transparency of disclosures | 4.82 |
| Overall project management | 4.91 |
| Knowledge/responsiveness of staff | 5.00 |
NR = Not Reported in time for publication
N/A = Not Applicable (providers needed a minimum of 10 responses to be rated)
N/A = Not Applicable (providers needed a minimum of 10 responses to be rated)