| 09.01.2013 Palisade Capital Management buys Hermes Advisors |
| Opalesque Industry Update - Palisade Capital Management, L.L.C., a Fort Lee, NJ-based SEC registered investment advisor with $3.6 billion of assets under management, announced that Paul Flather has joined the firm as the Portfolio Manager of the Palisade Long/Short Alpha Fund, a newly-launched long/short equity hedge fund. Palisade has also acquired substantially all of the assets of Hermes Advisors, LLC, which was founded by Mr. Flather in 1994, and where he served as portfolio manager. Mr. Flather graduated in 1984 from the University of California at Los Angeles with a B.A. in Business Economics and in 1986 from Columbia University with an M.B.A. in Finance. ''We have been looking for ways to broaden our alternatives platform beyond our convertible arbitrage hedge fund and private equity funds while leveraging our stock picking expertise,” said Jeffrey D. Serkes, Palisade’s Chief Operating Officer. “Paul Flather is a seasoned investment professional with more than 18 years of experience managing a long/short equity strategy. His investment methodology compliments the fundamental stock picking process at Palisade.” “I am excited to be joining Palisade,” said Mr. Flather. “At Hermes, my focus has been an extensive bottom-up process for picking stocks. This same philosophy is the backbone of Palisade. I look forward to working with the experienced teams at Palisade and to sharing investment ideas.”
About Palisade Capital Management, L.L.C. Press release bc |