Sustainable Growth Advisers, LP Launched Today; Firm Founded by Industry Veterans.Business Editors NEW YORK--(BUSINESS WIRE)--July 17, 2003 Sustainable Growth Advisers, LP--a New York-based investment advisory firm--today announced that it has formally begun operations. Launched by Gordon M. Marchand and George P. Fraise, the firm will focus on managing portfolios for both U.S. and non-U.S. institutions-- including mutual funds--and individuals. The firm's portfolio managers will leverage their extensive experience to provide clients a sound investment approach, using a process of investing for the long term in the best businesses at reasonable prices. Prior to launching Sustainable Growth Advisers, Marchand and Fraise were with Yeager Wood & Marshall Inc. - a New York-based advisory firm with $900 million in 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. . Both were directors and served on the firm's three-member investment policy committee. Fraise was co-portfolio manager of the John Hancock U.S. Global Leaders Growth Fund (which was subadvised by Yeager Wood & Marshall, Inc.), and of the U.S. Global Leaders Growth Fund, Ltd - an offshore fund -- a position he held for three years. During this time, the John Hancock U.S. Global Leaders Growth Fund, an equity fund focused on long-term growth, had a Five-Star ranking from Morningstar. Marchand and Fraise are principals and founders of Sustainable Growth Advisers, LP. Marchand said: "We founded Sustainable Growth Advisers on the principal that a well-managed organization, with a team of experienced investment professionals committed to independent research and dedicated to a time-tested investment management approach can provide clients with substantial value. He continued: "Currently, we are focused on assessing opportunities for investment mandates focused on large-cap growth, particularly in a subadvisory capacity. We expect to quickly add clients to our roster." Fraise said: "We are pleased to be launching this venture on the heels of our previous success in the advisory area. We believe there is a tremendous market opportunity for a sound investment approach based on investing in sustainable-growth companies. The past few years have clearly demonstrated the importance of adhering to a sound investment process. I am looking forward to building on my experience. Marchand, who brings 24 years in investment management and consulting experience to his new position, was with Yeager Wood & Marshall, Inc. for a total of 17-years and served as the firm's Chief Financial and Operating Officer. Previously, Marchand was a manager with the Management Consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects Services Group of Price Waterhouse. Marchand, CFA (Computer Fraud and Abuse Act of 1986) Signed into law in 1986, the CFA was a significant step forward in criminalizing unauthorized access to computer systems and networks. The Act applies to "federal interest computers" that include any system used by the U.S. , CIC CIC circulating immune complexes. CIC Circulating immune complexes. See Immune complexes. , holds a B.S. from Georgetown University Georgetown University, in the Georgetown section of Washington, D.C.; Jesuit; coeducational; founded 1789 by John Carroll, chartered 1815, inc. 1844. Its law and medical schools are noteworthy, and its archives are especially rich in letters and manuscripts by and and an M.B.A from the University of Massachusetts/Amherst. George Fraise brings 16 years of investment experience to his new position. He was a portfolio manager for Scudder Kemper Investments, and before that, held senior analyst positions with Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. and Chancellor Capital Management. Mr. Fraise began his career in 1987 as an equity analyst with Drexel Burnham Lambert Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in the 1980s by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. . He has a B.A. from Trinity College and an M.B.A. in finance and international business from New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the . Sustainable Growth Advisers, LP is located in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . |
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