Another former Berger Funds executive has found employment at Jensen Investment Management
. The Portland, Oregon-based fund firm has hired Brian Ferrie
to take over from David Davies
as chief financial officer and head of compliance when he retires later this year. He reports to Gary Hibler, president.
Ferrie left Berger after the money manager was eaten up by Janus Capital Group late in 2002. Janus let go of nearly all of the Berger employees when it took over the Berger Funds. He is also not the only former Berger executive to make the move to Portland. At Jensen, Ferrie is reunited with David Mertens who is overseeing the money manager's push into the corporate market after joining it from Berger last winter.
"David [Mertens] put me into touch with Jensen when he learned that David Davies was planning to retire," admitted Ferrie. He started at the firm at the end of July and was able to lend a hand on the launch of the fund firm's two new institutional share classes, says Robert Millen, principal.
"Anytime we can get good people we take them," added Millen. "The timing was fortunate in that he was able to help with the launch of the new shares." Millen added that Ferrie will also help manage growth at the firm. It has increased its asset base by roughly six times since year-end 2001 to $1.8 billion at the end of July.
Ferrie also held both his current titles at Berger Funds, but not concurrently. For the two years before he left he was chief financial officer and for the seven years prior to that he headed compliance for the Denver-based fund firm.
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