Deals & People March 7, 2011

Forward Hire to Lead Alternative Investment Expansion

Forward Management, LLC has announced an initiative to accelerate the firm’s development of alternative investment products in both mutual fund and private partnership form.
 
Reported by

The company has hired David Readerman to expand Forward’s incubation of new investment strategies while enriching the firm’s investment research across equity product categories, according to a company announcement. He will be lead portfolio manager for the first product he is helping Forward to develop, a global “go-anywhere” equity strategy.  

In addition to developing and managing alternative investment strategies, Readerman is serving as co-portfolio manager of the Forward Small Cap Equity Fund.  

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Readerman joined Forward after a seven year tenure at Marsico Capital Management, where he was a senior investment analyst with research responsibilities in global equity portfolios spanning technology, energy, consumer, and industrial sectors. He was previously a founding partner with Thomas Weisel Partners Group, Inc., and earlier led the software and Internet teams at Montgomery Securities. His twenty years of sell-side experience included stints with Shearson Lehman Hutton and Smith Barney.

Readerman holds an MBA in Finance from New York University’s Leonard N. Stern School of Business.
 

Deals & People March 7, 2011

GEAM Taps Two for Sales Roles

GE Asset Management Incorporated (GEAM) has added two senior sales professionals to its intermediary business team.
Reported by

Bill Manthorne, a 17-year industry veteran, has joined the firm as Vice President – Sub-Advised Sales, reporting to Mike Cosgrove, President and CEO – Mutual Funds and Intermediary Business, the company announced in a news release. Brian McCarthy, who brings almost 20 years of experience to GEAM, joins as Defined Contribution Investment Only (DCIO) Channel Leader, reporting to Joe Connors, Senior Vice President – DCIO and Annuity Channels.

Manthorne, with experience in sales, relationship management, marketing and strategic planning, joins GEAM from BNY Mellon Asset Management, where he was Senior Vice President – Retirement and Sub-Advisory Sales. In this role he marketed investment strategies of the firm’s 20 subsidiaries to intermediaries including variable insurance platforms, DC providers and corporate plan sponsors. Previously he held sales roles at CitiStreet, IXIS Asset Management and Fidelity Investments. He received his BA in Political Science from the University of New Hampshire.

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McCarthy most recently served as Managing Director – National Accounts Investment Only with The Hartford Mutual Funds, with responsibility for sales and relationship management for the recordkeeping channel. Earlier in his career he held sales and relationship management roles at Smith Brothers Insurance, Genworth Financial and Fidelity Investments. McCarthy received his BS in Finance from St. Thomas Aquinas College and an MBA from Iona College.

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