KVO Becomes Oakum Bay, Taps New CEO

Jun 19 2012 | 1:10pm ET

New York-based hedge fund manager KVO Capital Management has a new name, a new location and a new president.

Now known as Oakum Bay Capital, the firm will be led by York Capital vet Brooke S. Parish as president and CEO and will move its headquarters from Hanover, N.H. to New York City.

Parish spent nine years at York where he was a partner, serving most recently as head of the firm’s client advisory group. In his new role, Parish will report to Kernan “Kip” Oberting, Oakum’s founder and chair.

“I have known Brooke for more than 20 years,” said Oberting in a statement, “and he is an outstanding executive that can build out our investment team’s expertise and expand our capital base. Our investors will definitely benefit from his knowledge and expertise.”

Oberting is a former executive vice president and CFO of reinsurer Montpelier Re Holdings. Prior to that, he spent 10 years at White Mountains Insurance Group. He founded KVO Capital in May 2008 and launched an offshore version of the fund in 2010.

Oakum Bay manages a long/short value investment strategy.


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