HGK Asset Management Announces Changes to Value Equity Team

HGK Asset Management today announced the departure of Small Cap Value portfolio manager and managing partner Eric Fuhrman and research analyst and managing partner Andrew Rothstein, concurrent with the promotion of four long serving investment professionals, effective February 28, 2019.

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HGK Asset Management

Mar 15, 2019, 10:00 ET

JERSEY CITY, N.J., March 15, 2019 /PRNewswire-PRWeb/ -- HGK Asset Management today announced the departure of Small Cap Value portfolio manager and managing partner Eric Fuhrman and research analyst and managing partner Andrew Rothstein, concurrent with the promotion of four long serving investment professionals, effective February 28, 2019.

HGK's Small Cap Value strategy has an 11-year track record and utilizes the disciplined Value Equity investment process that was put in place nearly 30 years ago by Chief Investment Officer Michael Pendergast, CFA. The firm is pleased to announce that senior Value Equity analysts David Ayres, CFA, Geoffrey Hauck, CFA, and Helena Scholz, CFA assumed their new roles as co-portfolio managers of the strategy effective March 1, 2019. These long-tenured investment professionals average ten years' experience at HGK. They will be supported by Matthew Kosara, CFA as Chief Risk Officer, a newly created role at HGK. The team will manage the strategy collaboratively and will continue to work under the supervision of Chief Investment Officer and Value Equity team leader Michael Pendergast, CFA. The Value Equity team will be responsible for the management of both Large Cap and Small Cap Value strategies.

"The long term success of our Small Cap Value strategy is due to the disciplined implementation of our Value Equity investment process. Matt, Geoff, David, and Helena have been key members of our investment team for many years and have been an integral part of the strategies' success. We are very excited about them assuming their new roles and are confident that the team approach will enhance the execution of our process and generate strong investment results for our clients." said Michael Pendergast.    

About the Company:
HGK Asset Management is an independent registered Investment Advisor located in Jersey City, New Jersey. Founded in 1983, HGK is 100% employee owned. HGK manages approximately $2 billion in equity and fixed income investment strategies.

SOURCE HGK Asset Management