Lateef Investment Management [profile] just hired another Oak Value Capital Management alum. In its "Fund Times" column, Morningstar reports that Matthew Sauer joined the Greenbrae, California-based, $4-billion-AUM separate account and mutual fund manager.

Sauer previously worked at Oak Value Capital Management with Lateef's James Tarkenton. Tarkenton is co-PM of the three-star, $390.5-million Lateef Fund.

Sauer most recently served as a PM on the team for the three-star, Bronze-rated, $1.4-billion Ariel Appreciation Fund [profile]. The other two PMs of that fund, Timothy Fidler and Ariel founder John Rogers, will stay on without replacing Sauer, while also adding a senior analyst. 

Edited by: Neil Anderson, Managing Editor


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