Products September 7, 2010

New Hire at River Road Will Lead Independent Value Investment Strategy

River Road Asset Management, LLC announced that Eric Cinnamond has joined the firm as Vice President and Portfolio Manager at River Road, and will lead the firm’s new “Independent Value” investment strategy.
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River Road’s Independent Value strategy will be a key part of the firm’s new alternative equities effort, a strategy the firm has spent more than two years developing, according to the announcement.  

Cinnamond has more than 16 years of investment experience. Prior to joining River Road, he served as Lead Portfolio Manager for Intrepid Capital Management’s Small Cap strategy. He has also served as a portfolio manager and analyst at Evergreen Asset Management and as a portfolio manager at First Union National Bank of Florida.  

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Cinnamond received his bachelor of business administration degree in finance from Stetson University and his master’s degree in business administration from the University of Florida.

“Our alternative investment strategies are designed to complement River Road’s more traditional institutional portfolios,” said R. Andrew Beck, President and co-founder of River Road, in the announcement. “The ultimate goal is to provide clients with a focused group of investment solutions that can succeed in a difficult economic environment.”  

River Road’s Independent Value strategy will be available to clients beginning September 15.  

Deals & People September 7, 2010

EPIC Hires Sales Manager

EPIC Advisors, a 401(k) plan recordkeeping firm, has appointed Carolyn Richardson as a sales consultant. 
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Richardson will be promoting EPIC’s retirement plan services to the banking and registered investment adviser (RIA) communities in New England, New York City, New Jersey and north central U.S. She will be based in Beverly, Massachusetts, while EPIC is headquartered in Rochester, New York.   

“Carolyn’s presence gives us the ability to expand our exposure to the financial services community,” said George Curry, director of business development for EPIC. “Her industry experience will prove to be a valuable resource to EPIC’s banking and RIA partners, and we are excited to have her on our team.” 

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Richardson has previously worked for RolloverSystems, a North Carolina-based retirement investment rollover manager, as well as for Fidelity Investments in a variety of roles.   

EPIC serves financial institutions and small to midsize companies in 33 states. EPIC’s client base comprises over 1,300 retirement plans, more than 115,000 participants and nearly $5 billion in assets. 

 

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