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HARBOR CAPITAL MANAGEMENT LAUNCHES TEXAS-BASED MARKETING EFFORT

 BOSTON, Oct. 5 /PRNewswire/ -- Harbor Capital Management Company, Inc., a Boston-based institutional money manager, announced the opening of a new sales and marketing office in Austin, Texas.
 "We believe that Texas represents a very sophisticated and rapidly growing market for asset management service," Jim Kelly, head of Harbor Capital Management Company's national sales and marketing efforts, explained. "We look forward to expanding our outreach to corporate, public, endowment/foundation and jointly-trusteed plan sponsors through our new Austin office."
 Kelly noted that the new office, which is the first facility Harbor Capital Management has opened outside the Boston area, represents an important phase in the firm's strategy to increase assets under management. In the past year, Harbor Capital Management's assets under management have grown by 30 percent, and they now exceed $2 billion.
 Under the direction of Gary Call, vice president of marketing, the office will service the firm's existing southwestern clientele and market Harbor Capital Management's money management capabilities to other southwest institutions. The new territory includes Texas, Louisiana, New Mexico, Colorado, Oklahoma, Arkansas and Arizona. Harbor Capital Management Company is currently an associate advisor to the Texas Public Employee Retirement System and has been recently selected by the Texas Star System and the Texas Workers Compensation Insurance Fund to manage equity portfolios.
 Call had been involved in investment services marketing in the southwest since 1986. He joined Harbor Capital Management in 1991. Call will be assisted by Kevin Cline, a specialist in tax-qualified plans.
 Harbor Capital Management Company, Inc., an employee-owned, Boston- based investment management firm founded in 1979, is best known for blending growth and value stocks in a single portfolio.
 The new offices are located at 510 South Congress Avenue, Suite 202, Austin, Texas 78704 and can be reached at 512-474-9184.
 -0- 10/5/93
 /CONTACT: Jim Kelly, 617-439-4500; Gary Call, 512-474-9184; or Angela Dailey, 714-921-8449 all of Harbor Capital Management/


CO: Harbor Capital Management Company, Inc. ST: Massachusetts IN: FIN SU:

DB-CP -- MN007 -- 8825 10/05/93 11:22 EDT
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Publication:PR Newswire
Date:Oct 5, 1993
Words:334
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