Industry News
Teton Advisors expanded its investment platform with the addition of a three-person small-cap equity portfolio management team and the assignment of longstanding account relationships, the firm announced.
The investment will provide Monroe with additional resources to pursue strategic initiatives as it continues alignment with clients, the firm said.
A college based in New England has promoted one of its investment staff to the role of cio.
The firm had suffered from asset decline and underperformance.
The acquisition is expected to close in the first half of this year.
He will retire in June after co-founding the firm in 2004.
The new hire and promotion are in conjunction with the cio’s upcoming retirement.
His resignation follows a personal trip to the United Arab Emirates to receive a COVID-19 vaccine.
The new hire is responsible for sales, marketing, consultant relations and client service for the firm’s products in the U.S. and Canada.
The plan has found its new executive director from a pension plan in New Mexico.