Deals & People July 20, 2012

Northern Trust Adds Business Development Leader

Jeff Kearny joined Northern Trust to lead new business development for asset servicing in the western part of the country.
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Kearny, a senior vice president, will focus on business development for institutional clients on the West Coast and in the mountain states, including corporations, public pension funds, insurance companies and not-for-profit institutions. He reports to Jon Dunham, director of North American sales for corporate and institutional services.

Kearny was previously at Korte & Associates Consulting LLC, where he was a partner and managing director of consulting. Before joining Korte, he spent 12 years at Mercer, where he was a principal and senior consultant and a founding member of Mercer Sentinel Group, the firm’s dedicated investment operations consulting unit,.

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“Jeff Kearny has a record of success as a consultant for corporate pensions, defined contribution retirement plans, insurance companies and not-for-profit institutions, and we are pleased to have him on our team,” Dunham said. “Jeff’s depth of technical expertise, knowledge of current market best practices and innovative thinking give him a unique perspective that our clients and prospects will find informative and compelling.”

Kearny holds a bachelor’s degree in economics from Indiana University and a master’s in business administration from the Kellstadt Graduate School of Business at DePaul University.

 

Products July 20, 2012

Pacific View Asset Management Rolls Out with Two Funds

Condor Trading LP moved into asset management with the launch of a new venture, Pacific View Asset Management LLC in San Francisco.
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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.

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Experienced 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.

Applegate has 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 investment funds.

Scott Brown 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.

 

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