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Deals & People March 7, 2011
Forward Hire to Lead Alternative Investment Expansion
Forward Management, LLC has announced an initiative to accelerate the firm’s development of alternative investment products in both mutual fund and private partnership form.
Reported by Rebecca Moore
The company has hired David Readerman to expand Forward’s incubation of new investment strategies while enriching the firm’s investment research across equity product categories, according to a company announcement. He will be lead portfolio manager for the first product he is helping Forward to develop, a global “go-anywhere” equity strategy.
In addition to developing and managing alternative investment strategies, Readerman is serving as co-portfolio manager of the Forward Small Cap Equity Fund.
Readerman joined Forward after a seven year tenure at Marsico Capital Management, where he was a senior investment analyst with research responsibilities in global equity portfolios spanning technology, energy, consumer, and industrial sectors. He was previously a founding partner with Thomas Weisel Partners Group, Inc., and earlier led the software and Internet teams at Montgomery Securities. His twenty years of sell-side experience included stints with Shearson Lehman Hutton and Smith Barney.
Readerman holds an MBA in Finance from New York University’s Leonard N. Stern School of Business.