Total rubbish or the truth? UK media challenge Boris Johnson over shock coronavirus comments kitv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitv.com Daily Mail and Mail on Sunday newspapers.
First Eagle gives wing to small-cap equity team with liftout from Royce
Bill Hench
First Eagle Investment Management lifted out four people from Royce Investment Partners to establish its new small-cap equity investment team, spokeswoman Hedda Nadler confirmed in an email.
Bill Hench will lead the new small-cap team as portfolio manager,
Suzanne Franks and
Adam Mielnik is a senior research analyst.
The team is based in New York, and Mr. Hench will report to
Mehdi Mahmud, president and CEO.
At Royce Investment, Mr. Hench was lead portfolio manager of the small-cap opportunistic value equity strategy, Ms. Franks and Mr. Kosowsky were assistant portfolio managers, and Mr. Mielnik was a senior analyst. Royce spokeswoman Stacey Coleman confirmed that
Top Royce small-cap team in stunning exit to First Eagle citywireselector.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from citywireselector.com Daily Mail and Mail on Sunday newspapers.
An abrupt mass resignation of Royce Opportunity s (ROFIX) management team has left the strong-performing fund in the lurch and its Morningstar Analyst Rating under review.
Bill Hench and his three-person team surprised their colleagues at Royce Investment Partners by resigning on April 20, 2021. Hench had served as lead manager since October 2018 and as an assistant or comanager since May 2004, building an excellent track record, first as an understudy and then as successor to Boniface Buzz Zaino.
Robert Kosowsky and Suzanne Franks, Hench s assistant managers since 2018, and Adam Mielnik, an analyst for the strategy since 2014, also left. They did not disclose where they were headed but often when entire fund management teams leave at once it is for another firm or to strike out on their own. On April 21, noted value shop First Eagle Investment Management announced that it hired Hench and his team to run a new small-cap strategy for the firm.