Merged Firms To Manage $10B As Horizon Kinetics

Apr 28 2011 | 10:52am ET

Horizon Asset Management, Kinetics Advisers and Kinetics Asset Management, will merge, as of  May 1, creating a new company with $9.8 billion in assets under management.
 
Horizon Kinetics will maintain offices in New York City and Elmsford, New York and the principals and senior investment professionals of each company will continue to serve their respective clients. All Horizon and Kinetics strategies and investment products will continue to be branded under their existing names.
 
Founded in 1994 by Murray Stahl, Steve Bregman, Peter Doyle, Tom Ewing and John Meditz, Horizon publishes fundamental, contrarian research reports and offers equity, fixed income and alternative investment products for institutional and high net worth clients. 

In 1996, Peter Doyle, Lawrence Doyle and Leonid Polyakov founded Kinetics as a value-oriented firm utilizing a long-term investment approach.  Kinetics' flagship U.S. mutual fund, the Paradigm Fund, is a classic global value fund introduced in December 1999.
 
“Combining Horizon and Kinetics creates a premier financial institution with leading value investing products under one roof,” said Horizon Kinetics’ CEO, J. Douglas Kramer.  “As an integrated institution, Horizon Kinetics will enhance client service across our asset management platform and, thereby, enable our senior portfolio managers to focus exclusively on investing activities, research and idea generation.”
 


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...