Former CIO of Reed, Conner & Birdwell Launches Equity Investment Firm

Jeffrey Bronchick, CFA, has opened a value-oriented equity investment firm, Cove Street Capital. 

Prior to founding Cove Street, Bronchick was chief investment officer at Reed, Conner & Birdwell (RCB), a Los Angeles-based investment manager that he joined in 1989. Bronchick has managed research-driven, concentrated value-based strategies across all market capitalizations for more than 20 years and has led extensive credit work throughout the corporate capital structure.

The new firm, based in El Segundo, California, will manage concentrated equity strategies through separate accounts and sub-advised relationships. An SEC-registered investment adviser, Cove Street is being launched with approximately $400 million in assets under management and a global mix of institutional and high-net-worth clients. The firm also sub-advises the Litman Gregory, Masters Select Smaller Companies Fund and the Cove Street Capital Small Cap Value Fund. 

Cove Street’s institutional-quality back office infrastructure is led by Daniele Beasley, who was Bronchick’s partner at RCB. Beasley has more than twenty years of experience in investment management operations and compliance, and will serve as Cove Street’s president and chief operating officer.  

“Our mission is simple: continually improve a world-class investment organization that delights clients with excellence in performance and client service, and inspire colleagues with a collegial meritocracy that rewards intellect and results,” said Bronchick.