Cardiff-by-the-Sea, CA-based EAM Investors (formerly Eudaimonia Asset Management) has appointed finance industry vets Frank P. Hurst and Richard A. Gadbois, III to senior positions in the firm.
Hurst, who becomes both president and managing director of marketing and client services, has spent 28 years in the asset management industry, most recently as a principal at Relational Investors. Prior to that, he served as president of Berkeley Capital Management, where he was responsible for marketing, product development and acquisitions. From 1990 to 2005, he was co-founder, president, director of marketing and client services and chief administrative officer at Duncan-Hurst Capital Management.
Gadbois, who joins EAM as managing director of marketing and client service, currently serves as an executive with ROTH Capital Partners; director of Argyle Street Management Limited, a Hong Kong-based special situations credit hedge fund; and as a partner and investment committee member of San Francisco-based Main Management. Previously, he co-founded and served as president of Vantis Capital Management, a hedge fund managing $1.5 billion in assets. Earlier in his career, he was a senior vice president for private wealth management at Merrill Lynch & Co.
“We’re thrilled to welcome Frank and Richard to our executive team,’’ said Travis Prentice, EAM Investors’ co-founder, CEO and chief investment officer. “They bring a long and successful track record to our firm and will be instrumental in supporting our clients’ investment and service needs as we continue to grow.’’
EAM Investors currently manages approximately $235 million in U.S. small and micro cap equity strategies for institutional clients. The firm’s clients include several of the largest public and corporate pension plans in the U.S..