Friday, 24 April 2015
Last updated 5 hours ago
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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…