Aristotle Capital Management has formed a new new affiliate, Aristotle Capital Boston, with Dave Adams, CFA and Jack McPherson, CFA have joined as Portfolio Manager.
In addition, Mark Babka, CFA, Todd Grady, Jeffrey Smith, CFA, and James Healy jobs Aristotle as Research Analysts. The team will manage Small Cap and Small/Mid (SMID) Cap equity strategies and be based in Boston, Massachusetts.
Aristotle Boston is the latest investment platform spearheaded by Richard S Hollander, Chairman of Aristotle. Last year, Aristotle Credit Partners, LLC was formed to provide value-oriented credit strategies, including High Yield Bonds, Bank Loans, Investment Grade Corporate Credits and Custom strategies. Hollander has partnered with numerous investment teams since 1992 including MetWest Asset Management (Credit strategies), Post Advisory Group (High Yield and Distressed Debt strategies), West Gate Horizons Advisors, LLC (Collateralised Loan Obligations and Bank Loan strategies), MetWest Securities (Short Term Investment Grade strategies), and the equity-focused entity, Aristotle Capital led by industry veterans Howard Gleicher, CFA and Gary Lisenbee.
The Aristotle Boston team comes from Eagle Boston Investment Management where Messrs. Adams and McPherson co-managed the strategies totalling USD1.3 billion as of year-end 2014. The duo joined Eagle Boston in 2006 and each has more than 24 years experience as a portfolio manager and research analyst, respectively. The team joined Aristotle effective 31 December, 2014.
“We are pleased to welcome Dave, Jack, and the entire Boston team. This expansion into Small and SMID Cap equity strategies was strategically considered with a focus on investment expertise, cultural fit and the goal of offering more investment opportunities to our clients. These additional strategies match our overarching investment philosophy, in an effort to provide long-term client value,” says Richard S Hollander, Chairman of Aristotle. “Our new colleagues share our deep passion for an entrepreneurial environment that is committed to acting with integrity, focused on a disciplined investment process, and delivering excellent client service.”
"The team was carefully chosen based on its investment philosophy, portfolio management and research expertise, which dovetails well with our broader investment-driven, client-focused approach,” says Gary Lisenbee, Co-CEO and Co-Chief Investment Officer of Aristotle Capital. “We believe that Small and SMID Cap equity strategies offer excellent long-term investment opportunities, and this addition will provide our clients access to a broader range of investment solutions. The team’s focus on striving to seek hidden value and misunderstood, mis-priced businesses aligns well with our fundamental investment approach at Aristotle.”
“Jack and I believe that Aristotle is the optimal partner for us to continue to add value for our clients. It is an employee-owned firm with broad-based ownership, which has a strong commitment to clients, past history in building successful teams and infrastructure, and a passion for investing,” says Dave Adams, Portfolio Manager at Aristotle Boston. “Aristotle maintains a collegial culture despite considerable and growing assets under management. Here, we can continue to focus our full efforts on research and portfolio management, while working with professionals that are supportive and collaborative.”
Prior to Eagle Boston, Messrs. Adams and McPherson both served as vice president, portfolio manager and head of small cap investing at another Boston-based investment manager. Both executives hold the CFA charterholder designation. Adams earned a master’s degree in finance from Boston College and McPherson earned an MBA from Babson College.
