The Bank of New York has hired a top-performing investment team to manage US large cap growth equities for institutional clients.
The team, formerly of Weiss, Peck & Greer, is led by C. Lennis Koontz, who will serve as senior portfolio manager. Koontz is joined by Yossy Benderly and William Symon, who will serve as senior research analysts, as well as research analyst Lisa DeNicola-Glicksman and portfolio assistant Veronica Mickel.
During the last three years, the team has posted solid investment results, placing in the top quartile of its peer group and outperforming the Russell 1000 Growth Index by approximately 300 basis points each year.*
“The addition of large cap growth equities provides an important asset class for our institutional clients and reflects our commitment to providing them with a powerful array of high quality investment products and services,” says Steven Pisarkiewicz, executive vice president and head of BNY Asset Management. “We are confident the team will attract strong interest from our institutional clients as they become familiar with the team’s investment philosophy, portfolio construction and management, and overall stock selection capabilities.”
Pisarkiewicz noted that this broadening of the company’s investment choices is the latest in a series of strategic decisions to expand its asset management capabilities, citing the addition of Ivy Asset Management, Gannett Welsh & Kotler, and Estabrook Capital Management to BNY Asset Management in recent years.
BNY Asset Management offers corporations, nonprofit organizations and high net-worth individuals and families a broad range of equity, fixed-income and alternative investment products. With more than $90 billion in assets under management, the Bank is now one of the largest investment managers in the United States, and, with its affiliates, offers investment services throughout the United States, Europe and Asia.