TheMutualFundWire.com and FUSE Research Network will host, as part of the Thought Leadership Series, Influencers' Summit 2010: Redistributing Resources, on October 25 and 26 in Boston at the Ritz Carlton, Boston Common. On hand will be senior executives from more than 40 fund firms, including Goldman Sachs, Invesco, John Hancock Funds, Nuveen Investments, and Prudential Investments. For event and sponsorship information, go to mfwire.com/thoughtleaders or contact Erin Kello at 212-331-8999 x 104.
Uncertainty regarding financial regulatory reform, particularly the SEC's definition of "family office" under a provision of the Hedge Fund Transparency Act, has prompted many wealthy individuals and family office executives to re-evaluate their current office structure. With this in mind, Family Office Exchange (FOX), Chicago, will hold a workshop designed for wealthy individuals and executives of single-family offices wishing to consider better options. "Is Regulation in Your Future? Structural Options for Private Wealth Management" is scheduled for November 10 and 11 at The Peninsula Chicago. For registration information, go to www.foxexchange.com/ptc or e-mail [email protected].
On the Move
GAMCO Investors Inc., based in Rye, N.Y., which manages over $26 billion in assets and is comprised of private advisory accounts, mutual funds and closed-end funds (Gabelli Funds LLC), and other entities, on September 16 named Agnes Mullady as president and COO of the Open-End Fund division of Gabelli Funds. Mullady will also serve as chief executive of the broker-dealer currently in formation to distribute the company's open-end funds. In May 2009, Mullady was promoted to senior VP of GAMCO Investors Inc., having initially joined GAMCO in 2005. Prior to this she served a senior VP at U.S. Trust Company.
David Dreman is stepping down as the chairman and CIO of Dreman Value Management LLC, which he founded in Jersey City, N.J., in 1977 (as Dreman Value, Inc.). As Bloomberg put it, Dreman, 74, is "the fund manager best known for against-the-grain bets on stocks he deems cheap." Dreman, also an author of investment books, will be replaced by E. Clifton Hoover, who joined the firm in 2006 as co-chief investment officer, co-director of research and managing director, effective October 31. Hoover previously worked at NFJ Investment Group LP in Dallas and will serve as Dreman's sole investment chief, with responsibility for $5 billion in assets.
Boulder, Colo.-based Baird, an employee-owned wealth management, capital markets, private equity, and asset management firm, on September 21 added six people, including four financial advisors, to its Boulder office. The new advisors, known as The Boulder Group, collectively oversee nearly $450 million in client assets. The advisors, previously at other Wall Street firms, are John C. Frisbie, John Bickel, Lee Carlin, and Roger Cracraft. Also joining the office are Nancy K. Crume, client relations, and Juli Loch, administrative office manager. Baird has added more than 100 financial advisors to its Private Wealth Management group in 2009, and 53 advisors and branch managers since the beginning of 2010.