Wednesday, March 07, 2012
Palisade Capital Management, a Fort Lee, N.J.-based SEC registered investment advisor with approximately $3.7 billion of assets under management, today announced the promotion of Marc Shapiro to Senior Portfolio Manager of the firm’s Small Cap Core domestic equity strategy. Mr. Shapiro had served as the strategy’s Associate Portfolio Manager since October of 2006 and has been a Senior Vice President of Research for the Small Cap Core strategy since joining Palisade in February of 2004. Mr. Shapiro replaces Jeffrey Schwartz, who has resigned to pursue another business opportunity in asset management.
Additionally, Kyle M. Kavanaugh has been promoted to Associate Portfolio Manager of the Small Cap Core domestic equity strategy, and will also remain a Senior Vice President of Research. Mr. Kavanaugh has worked with the Small Cap Core team in a senior research role since April of 2001.
Monique Kosse, Senior Vice President of Research, will continue in her current role. Ms. Kosse has been a senior member of Palisade’s Small Cap Core team since November of 2007.
Commenting on the changes, Dennison (Dan) T. Veru, Palisade’s Chief Investment Officer, stated, “Marc is the right professional to assume the Portfolio Manager’s role and build on the strategy’s success. He has been integral to the Small Cap Core research process and will continue to follow a well-defined portfolio construction plan. Marc and I worked together at Awad Asset Management prior to joining Palisade, and I am confident that he will continue to be successful in the years ahead.”
Jeffrey D. Serkes, Palisade’s Chief Operating Officer, added, “Marc is a seasoned small cap professional and we are extremely confident in his abilities. Marc, Kyle and Monique have a long history together at Palisade and we look forward to seeing the results of their continued collaboration.” Commenting on Mr. Schwartz’s resignation, Mr. Serkes noted that “On behalf of Palisade’s principals, we thank Jeff for his contribution to our firm and wish him well in the future.”
About Palisade Capital
Founded in 1995, Palisade Capital’s founding principals have worked together for over 30 years. As of February 29, 2012, the firm’s dedicated investment teams managed approximately $3.7 billion of assets for a variety of clients and products, including large corporations, foundations, endowments, ERISA plans, mutual funds, hedge funds, private limited partnerships, offshore commingled funds, family offices and high net worth individuals. The firm's investment focus is on small-cap core equities, small-cap growth equities, smid-cap growth equities, mid-cap growth equities, convertible securities, including convertible arbitrage, comprehensive investment management services, including construction and management of equity and fixed income portfolios, and private venture and concentrated equity management. Palisade Capital’s clients include five of America’s 20 largest corporate sponsored pension plans, with each of these clients entrusting the firm with portfolios for at least two of the aforementioned strategies.
Additional information regarding Palisade Capital is available at www.palisadecapital.com
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