Saturday, 23 July 2016
Last updated 7 hours ago
Jul 19 2011 | 11:57am ET
Two New Hampshire-based investment advisors have joined forces to create a single firm with over $100 million AUM in equity and multi-asset portfolios.
Concord-based Hutchens Investment Management and New London-based New Leaf Asset Management will operate under the Hutchens name, with New Leaf executives Fletcher Cole and Carrie Bossi joining the Hutchens team—Cole as a partner spearheading research and Bossi as a provider of research support.
The move constitutes a return to the fold for Cole who, prior to co-founding New Leaf in 2002, served as Hutchens’ director of research and portfolio manager. Before joining Hutchens, he was a submarine warfare officer in the U.S. Navy and also worked with Gabelli & Company and E.R. Taylor Investments. Hutchens said in a statement that Cole would bring AUM with him, although the total was not disclosed.
“Fletcher’s style complements our growth-oriented bent and is well-suited for today’s challenging market environment. We see great cross-pollination potential as we share thoughts on stocks, economic themes and investment ideas, and are committed to providing the highest quality investment services to our institutional and high net worth clients. Our investment process, methodology and philosophy will continue to add value over the long term by controlling risk and focusing on fundamentals,” said William Hutchens, founder of Hutchens Investment Management.
Founded in 1995, Hutchens Investment Management has clients that include institutional investors, endowments and foundations, family offices and high net worth individuals. The firm has recently opened up to new investors and seeks to double assets under management.