# Iridian Asset Management

Iridian Asset Management is an Asset Manager based in Wellesley, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Wellesley, United States
- **Region:** North America
- **Address:** Wellesley, MA, United States
- **Founded:** 1995
- **Assets under management:** Undisclosed
- **Website:** iridian.com

## Regulatory record

- **CRD number:** 104550
- **SEC file number:** 801-50661
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/104550

## About

Iridian Asset Management is an SEC-registered investment adviser in Westport, CT, established in 1995. The firm manages $280 million in assets. It has 5 employees and 3 registered investment advisers.

## Sectors

- Mid-Cap Value Equity

## Offices

- Greenwich, CT
- Wichita, KS
- Sydney, Australia
- New York, NY
- Duluth, MN
- Westport, CT

## People

- Todd Raker — Chief Executive Officer
- Eric Stone — Managing Director
- Joseph Wyatt, CFA — Managing Director

## Questions

### Who runs investment decisions at Iridian Asset Management?

Todd Raker, as CEO and lead portfolio manager, and Eric Stone, Managing Director, manage the Mid-Cap Value Equity portfolios. Both sit on the firm's Executive Committee. Joseph Wyatt, CFA, joined as a research analyst in 2023, supporting the team's fundamental research efforts.

### What is Iridian's core investment strategy?

Iridian runs a concentrated mid-cap value equity strategy focused on companies undergoing significant corporate change. This includes situations like spin-offs, restructurings, and management turnover where the firm believes the market misprices the resulting value creation. The strategy is grounded in rigorous, independent fundamental research.

### How is Iridian Asset Management structured after the 2022 transition?

In 2022, the firm transitioned to employee ownership, with Todd Raker becoming CEO. This structure means portfolio managers also serve as owners, directly aligning investment decisions and firm governance with long-term client interests. It operates independently without a corporate parent.

### What is the professional background of Iridian's investment team?

The senior team comes from deep sell-side equity research and hedge fund investment roles. Todd Raker spent seven years at Deutsche Bank in equity research. Eric Stone previously worked at Plural Investments and Arience Capital. Joseph Wyatt, CFA, held research roles at Capital Group and Morgan Stanley.

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Last updated: 2026-06-03T20:00:00.000Z

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