Carret and Company LLC Announce the Formation of Carret Capital LLC.Business Editors NEW YORK--(BUSINESS WIRE)--July 7, 2003 Celebrating their 40th anniversary, Carret and Company LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control announced the formation of Carret Capital LLC as a separate wholly-owned subsidiary for the exclusive management of Taft-Hartley funds. This is being done to recognize the tremendous growth that Carret's Taft-Hartley group has enjoyed over the last eight years, and in the belief that a focused subsidiary can better serve its clients. Carret Capital will remain in its current Garden City headquarters, and the same team of professionals will continue to service clients. Joseph E. Wozny, Jr. will continue to head the operation in the capacity of President and Chief Executive Officer, while Mike Manos will serve as Chief Investment Officer. Tom Tierney, Tom Foley fo·ley n. 1. A technical process by which sounds are created or altered for use in a film, video, or other electronically produced work. 2. A person who creates or alters sounds using this process. , Dan Hribok, Peter Willcox Peter Willcox (born March 6, 1953) is a Greenpeace activist best known for being Captain of the ship The Rainbow Warrior when it was bombed by French agents. Early Years Willcox was born to Eleanor Fraleigh. He was soon after adopted by Elsie and Roger Willcox. and Alan Koepplin will remain in their key positions as Senior Managing Directors. Carret Capital LLC presently manages over $600 million in Taft-Hartley funds representing 14 different types of trade unions located in 10 different states. "Our near-term goal is to grow assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. to $1 billion while expanding our geographic base", said Mr. Wozny. "Over the last eight years, Carret's Taft-Hartley business has grown at a compound annual rate of 49%" according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Mr. Wozny who joined the firm in 1995. "Therefore, given our past, this seemingly seem·ing adj. Apparent; ostensible. n. Outward appearance; semblance. seem  ing·ly adv. lofty goal is quite attainable at·tain v. at·tained, at·tain·ing, at·tains v.tr. 1. To gain as an objective; achieve: attain a diploma by hard work. 2. " he concluded. According to the Chief Investment Officer, Mike Manos, "Carret Capital offers two equity products - our traditional Relative Value style and a Core-Enhanced product with a GARP-bias". He added that "we also provide balanced management and a pure fixed-income product". Tom Foley, who is responsible for marketing these products said "the products are well suited to the Taft-Hartley market, and have proven quite effective in the past". W. Denman Zirkle, who is the Chief Executive Officer of Carret Capital's parent organization which manages an additional $1.2 billion in assets stated "We are quite proud of the people at Carret Capital, and we expect great success". |
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