Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:In Rare Move, American Century Lifts Out Not Rated 3.0 Email Routing List Email & Route  Print Print
Wednesday, March 22, 2017

In Rare Move, American Century Lifts Out

Reported by Katy Golvala

Phil Davidson is bringing on a portfolio management team from Lombardia Capital Management to add more international exposure to American Century's value strategy line-up.

Phil Davidson
American Century
CIO, Value Equity
Davidson, the CIO of value equities at American Century, says that he's currently got $43 billion in value assets spread across nine strategies. Until now, they were all US-focused.

That's where Alvin Polit, Bert Whitson, and Jonathan Veiga come in. They manage Lombardia's International Equity Value Portfolio, a strategy seeking long-term total returns through a value-focused investment process. Now, they're bringing it to American Century.

In a written statement, Vincent Williams, co-CEO at Lombardia, commented:
While Lombardia is disappointed the IEV team will be seeking another opportunity, we are happy we provided them a platform where they could achieve an outstanding performance track record that made them an attractive target. We are most pleased that the team, Lombardia, and American Century will provide clients a long transition period, even after the April 10th start date. We expect to share more details in a joint statement later in the week.
On the American Century side, luck played somewhat of a factor in bringing the new hires on board, explains Davidson.

"To run across a team of this quality in something that ... helps us have a fuller suite of value offerings is like a dream come true," Davidson tells MFWire.

American Century doesn't typically execute liftouts as a way to fill gaps in their strategies. In fact, Davidson estimates that 80 percent of the 24 person value equity team has been internally developed.

With the three new hires, the team will grow to 27. Polit joins AIC as vice president and senior portfolio manager and both Whitson and Veiga join as senior investment analysts. The trio starts with American Century on April 10 and will work out of Los Angeles. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

3.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use