July 20, 2012
--- Condor Trading LP moved into asset management with the launch of a
new venture, Pacific View Asset Management LLC in San Francisco. ---
Pacific View is building a multi-strategy and multi-investment
team platform that provides asset management services to institutional clients
and investors around the world. Its first investment team is led by Kenneth
Applegate, a small-cap portfolio manager, with
two strategies, International Small Cap and Global Small Cap.
Applegate will serve as senior portfolio manager and co-head of
the Small Cap team, and will be joined by longtime colleague Scott Brown as the team’s portfolio manager and
co-head. Applegate and Brown had been working together at New Zealand’s Fisher Funds since 2007, where they
managed that firm’s international small-cap strategies and portfolios. Each has
nearly two decades
of investment experience.
international small-cap managers are in short supply and high demand, according to Applegate. “This is a terrific opportunity to leverage Condor Trading’s global
institutional infrastructure and resources,” he said,
adding that the platform is being built with an eye toward cross-continental
awareness and local investing expertise.
focused on small-cap investing throughout his career, which spans more than 17
years. In London, he co-managed a foreign
exchange hedge fund portfolio for Refco. He later worked at RCM Global
Investors as an assistant portfolio manager, and then at Berkeley Capital
Management (formerly CapitalWorks Investment Partners) as lead portfolio manager
of the Harlingwood Capital Management Small Cap Growth Fund until moving to New Zealand in 2007. He served as senior portfolio
manager at Fisher Funds, where he launched and managed the firm’s international
also has 17 years of investment experience. Brown started his career at RCM
Global Investors, where he became co-manager of the PIMCO-RCM Global Small Cap
Fund. Later, he was a small-cap analyst for Falcon Point and then joined
Fisher Funds in 2007, where he worked with Applegate to help launch and manage
Fisher’s international funds.
Pacific View’s Small Cap team has two research analysts who have
both been working with Applegate and Brown on the small-cap international funds
they managed over the past couple of years.