LOS ANGELES, Dec. 1, 2009 (GLOBE NEWSWIRE) -- Los Angeles Capital Management, a global manager of institutional equity portfolios, today announced a leading industry executive, Daniel Allen, has joined the firm as director of global equities.
"An experienced global investor with extensive background in equity management, Dan is an ideal choice to further develop our global capabilities and client base," said Thomas Stevens chairman of LA Capital. "Dan's insight into global equity management, deep understanding of equity valuation and quantitative management combined with his long tenure in the asset management business will enable him to significantly contribute to the building of our business. I have known Dan for more than 25 years and look forward to working closely with him as he joins our senior management team."
Hal Reynolds, Chief Investment Officer at LA Capital added, "Dan's investment background encompassing public and private equity and his ten years working in Europe provides him with a global equity perspective that will benefit our Investment Committee which he now joins."
Dan Allen commented, "LA Capital has a unique offering in the equity management industry. The firm's investment process is forward looking with the stock selection models based on three decades of research on understanding sources of equity return and risk across a large set of global stocks. I previously worked with a number of the senior executives of LA Capital in my career at Wilshire Associates and have tremendous respect for what they have accomplished in terms of building LA Capital and achieving superior results for their investors. While many asset managers have reduced their work force as the result of declining assets under management, LA Capital continues to expand as they gather new client accounts across a broad range of equity mandates. This specific role was designed to utilize my 25 years of investment experience and to take advantage of some of the current trends in asset management such as global and customized equity mandates. I look forward to working in this rapidly growing and top performing firm."
Daniel Allen joins LA Capital after spending 23 years at Wilshire Associates, leaving the firm as a Senior Managing Director and Board Member of the firm.
About Los Angeles Capital Management
LA Capital Management is a leading global equity manager recognized for pioneering research on dynamic stock selection and risk controlled portfolio management. Principals of the firm have researched sources of equity market risk and return for three decades and incorporate this knowledge and experience into each portfolio managed. The firm uses an adaptive forward looking investment process that avoids many of the pitfalls found in traditional quantitative or fundamental equity management. This process results in portfolios that consistently meet client return and risk objectives across a broad range of equity applications. L.A. Capital manages $5.6 billion in risk-controlled active equity, market neutral and active extension portfolio across region, style and capitalization segments of the global equity market. The firm focuses on managing money for sophisticated institutional investors worldwide where performance, risk measurement, trading costs, transparency and customization are critical factors in the client relationship.
For more information on LA Capital visit: www.lacapm.com