Industry Analysis

PAAMCO Founders mull options after order to prepare 40% equity certificate for new owner


As Pacific Alternative Asset Management Company’s holding firm, PAAMCO Founders, prepares the 40% equity certificate that will give Franklin Realty and Franklin Realty Holdings a 40% share of PAAMCO Founders, the founders themselves – Jane Buchan, James Berens, Judith Posnikoff and William Knight – have just found themselves the subject of a formal investigation by the Securities and Exchange Commission.

Jane Buchan

This is the latest repercussion of Judge Richard Sullivan’s ruling in August, where he gave an opinion that their ownership structure was designed to mislead. “Founders strongly disagrees with the judge’s observation