Causeway Capital Management Llc
SEC-registered
Mutual Fund / Asset Manager · Large ($10B–$100B)
CRD 113308
· SEC file 801-60343
· Los Angeles, CA
· www.linkedin.com
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ADV data as of Mar 23, 2026
- Regulatory AUM
- $62.2B
- Discretionary
- $62.2B
- Clients
- 1,562
- Avg AUM / client
- $39.8M
- Accounts
- 565
- Employees
- 103
AUM over time
$13.9B
$62.2B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 23, 2026
Asset allocation (SMA assets by investment type)
as of Mar 23, 2026
Exchange-traded equities
$61.0B
98%
Registered investment companies (funds/ETFs)
$622M
1%
Cash & equivalents
$622M
1%
Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 1,352 | $108M | 0.17% |
| High net worth individuals | 63 | $302M | 0.49% |
| Investment companies | 20 | $31.6B | 50.7% |
| Pooled investment vehicles (non-investment companies) | 25 | $7.4B | 11.9% |
| Pension and profit sharing plans | 23 | $4.9B | 7.83% |
| Charitable organizations | 30 | $1.4B | 2.29% |
| State or municipal government entities | 19 | $12.7B | 20.4% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $2.9B | 4.68% |
| Corporations and other businesses | 30 | $970M | 1.56% |
Private funds (11)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $1.0B combined gross assets
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Construction Laborers Pension Trust Of Greater St. Construction Laborers Pension Trust Of Greater St. Louis Trustees | 2024 | |
| Sheet Metal Workers Local No. 292 Pension Fund Board Of Trustees, Sheet Metal Workers Local No. 292 Pension Fund | 2024 | |
| Steamfitters Local Union No. 420 Pension Plan Board Of Trustees Of Steamfitters Lu 420 Pension Plan | 2024 | |
| Sheet Metal Workers Pension Plan Of Northern California Sheet Metal Workers Pension Trust | 2024 | |
| Rockwell Automation Pension Plan Rockwell Automation, Inc. | 2024 | |
| Local 580 Pension Fund Board Of Trustees Local 580 Pension Fund | 2024 | |
| Jpmorgan Chase Retirement Plan Jpmorgan Chase Bank, National Association | 2024 | |
| U. S. Retirement Plan Mars, Incorporated | 2024 | |
| Jpmorgan Chase 401(k) Savings Plan Jpmorgan Chase Bank, National Association | 2024 | |
| Sheet Metal Workers' Pension Plan Of Southern California Arizona And Nevada Board Of Trustees, Sheet Metal Workers' Pension Plan | 2024 | |
| Danaher Corporation & Subsidiaries Pension Plan Danaher Corporation | 2024 | |
| Ameren Retirement Plan Ameren Corporation | St. Louis, MO | 2024 |
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Fermelia, Gracie, Varras | Chief Operating Officer | May 2001 (25y) | Less than 5% | |
| Hartford, Harry, William | President; Portfolio Manager | Jun 2001 (25y) | Less than 5% | |
| Ketterer, Sarah, Hotchkis | Chief Executive Officer; Portfolio Manager | Jun 2001 (25y) | Less than 5% | |
| Hartford, Valerie | Limited Partner | Aug 2010 (16y) | ≈ 9.38% – 37.5% via Arranmore, L.P. | |
| Decko, Kurt | Chief Compliance Officer, General Counsel | Jan 2015 (12y) | Less than 5% | |
| Vroegop, Dawn, Michelle | Elected Manager | Sep 2015 (11y) | GP / trustee / elected manager of Causeway Capital Holdings Llc (indirect) | |
| Pham, Daniel | Chief Financial Officer | Jan 2021 (6y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Causeway Capital Holdings Llc | Member | Sep 2015 | A | 75% or more |
| Sarah H. Ketterer Living Trust | Limited Partner | Feb 2014 | B | ≈ 14.06% – 50% via Ketterer Holdings Lp |
| Arranmore, L.P. | Non Voting Member | Sep 2015 | B | ≈ 18.75% – 50% via Causeway Capital Holdings Llc |
| Ketterer Holdings Lp | Member | Sep 2015 | B | ≈ 18.75% – 50% via Causeway Capital Holdings Llc |
| Ketterer Investments Inc | General Partner | Feb 2014 | B | GP / trustee / elected manager of Ketterer Holdings Lp (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Hartford, Valerie: 50% – 75% of Arranmore, L.P. × 25% – 50% of Causeway Capital Holdings Llc × 75% – 100% direct ≈ 9.38% – 37.5% of the firm
- Sarah H. Ketterer Living Trust: 75% – 100% of Ketterer Holdings Lp × 25% – 50% of Causeway Capital Holdings Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Arranmore, L.P.: 25% – 50% of Causeway Capital Holdings Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Ketterer Holdings Lp: 25% – 50% of Causeway Capital Holdings Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (11, $1.0B gross assets)
From Form ADV Section 7.B private fund reporting.
Retirement plans served (12)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Construction Laborers Pension Trust Of Greater St. | Construction Laborers Pension Trust Of Greater St. Louis Trustees | 3,672 | $1.2B | 05/01/2024 |
| Sheet Metal Workers Local No. 292 Pension Fund | Board Of Trustees, Sheet Metal Workers Local No. 292 Pension Fund | 608 | $166M | 04/01/2024 |
| Steamfitters Local Union No. 420 Pension Plan | Board Of Trustees Of Steamfitters Lu 420 Pension Plan | 2,425 | $644M | 01/01/2024 |
| Sheet Metal Workers Pension Plan Of Northern California | Sheet Metal Workers Pension Trust | 5,187 | $1.6B | 01/01/2024 |
| Rockwell Automation Pension Plan | Rockwell Automation, Inc. | 1,841 | $1.8B | 01/01/2024 |
| Local 580 Pension Fund | Board Of Trustees Local 580 Pension Fund | 1,429 | $953M | 01/01/2024 |
| Jpmorgan Chase Retirement Plan | Jpmorgan Chase Bank, National Association | 78,270 | $16.1B | 01/01/2024 |
| U. S. Retirement Plan | Mars, Incorporated | 8,193 | $5.1B | 01/01/2024 |
| Jpmorgan Chase 401(k) Savings Plan | Jpmorgan Chase Bank, National Association | 185,310 | $52.9B | 01/01/2024 |
| Sheet Metal Workers' Pension Plan Of Southern California Arizona And Nevada | Board Of Trustees, Sheet Metal Workers' Pension Plan | 5,519 | $1.4B | 01/01/2024 |
| Danaher Corporation & Subsidiaries Pension Plan | Danaher Corporation | 2,355 | $1.9B | 01/01/2024 |
| Ameren Retirement Plan | Ameren Corporation | 9,113 | $4.8B | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/23/2026 | 3.51 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for individuals/small businesses
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $9.1B (15% of AUM) Mar 2026
- Northern Trust $5.0B (8% of AUM) Mar 2026
- J.P. Morgan $3.8B (8% of AUM) May 2019
- BNY Mellon $3.0B (5% of AUM) Mar 2026
- Hsbc Securities Services $2.9B (6% of AUM) May 2019
- Cibc Mellon Trust Company $2.5B (6% of AUM) Oct 2021
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 23, 2026.
View current Form ADV (SEC/IAPD) ↗