MutualFundWire.com: Leuthold Weeden Founder Relinquishes His CIO Post
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Tuesday, October 11, 2011
Leuthold Weeden Founder Relinquishes His CIO Post
Leuthold Weeden founder Steve Leuthold has handed the chief investment officer baton to Doug Ramsey.
Leuthold is also relinquishing his co-PM duties on the Leuthold Funds and most separate accounts. Leuthold, who founded the company 25 years ago, will remain on the mutual fund and Leuthold Weeden boards and will maintain
his ownership stake in the Minneapolis-based company.
Prior to his appointment as CIO, Ramsey served as director of research. Stepping into the research director role is Eric Weigel.
"Organizationally, Steve Leuthold's new reduced role will have minimal impact on the business functions of the firm,"
according to a press release issued by the company last week.
Company Press Release
STEVE LEUTHOLD TO STEP DOWN AS
CHIEF INVESTMENT OFFICER OF LEUTHOLD WEEDEN
DOUG RAMSEY NAMED CHIEF INVESTMENT OFFICER; ERIC WEIGEL NAMED DIRECTOR OF RESEARCH
Minneapolis, Oct. 1, 2011 ¨C Leuthold Weeden today announced that Steve Leuthold will transition into a new reduced role. Leuthold will pass along his duties as Chief Investment Officer and relinquish co©\portfolio manager responsibilities on the Leuthold Funds and most separate accounts. Doug Ramsey has been named Chief Investment Officer and Eric Weigel will become Director of Research.
Said John Mueller, co©\CEO of Leuthold Weeden,
"Steve Leuthold's remarkable career spans nearly 50 years in the investment industry. He established and grew Leuthold Weeden's reputation for insightful research that is well followed and widely regarded by investors looking for our proprietary calculations, contrarian views and insights into the market."
Steve Leuthold will continue to serve on both the Mutual Fund and the Leuthold Weeden boards and will maintain his ownership stake in Leuthold Weeden. He will also continue to contribute to the analytical inputs for the firm¡¯s research and publish commentary in his ¡°View from the North Country.¡± In addition, Steve will serve in an advisory role and continue to manage the Leuthold CC Fund, LP. He will also, with the assistance of Leuthold Weeden investment professionals, continue to manage a few accounts, including the Leuthold Family Foundation assets.
Steve Leuthold launched the investment management business 25 years ago and the Leuthold Family of Funds in 1995. Today the Leuthold team includes 34 employees with 10 dedicated investment professionals, and the firm has a broad©\based ownership structure. Organizationally, Steve Leuthold¡¯s new reduced role will have minimal impact on the business functions of the firm. John Mueller and Jeffrey Leadholm have served as co©\CEOs of Leuthold Weeden since 2005.
Prior to being named Chief Investment Officer, Doug Ramsey served as Leuthold Weeden¡¯s Director of Research. A Leuthold veteran, he is also co©\portfolio manager of several Leuthold Funds and various investment strategies. As CIO, Doug will oversee Leuthold Weeden¡¯s portfolio management teams and will take the lead on asset allocation decisions. The Director of Research role will be filled by Eric Weigel, who recently joined the firm as a co©\portfolio manager. Eric has over 25 years of portfolio management and research experience. He was a senior portfolio manager with global asset management firms including Pioneer Investments and MFS Investment Management.
About Leuthold Weeden Capital Management
Based in Minneapolis, Leuthold Weeden has performed research on stocks and bonds for institutional clients for more than two decades. The experienced investment team also manages about $3.5 billion in separate accounts and eight mutual funds.
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