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| 8-K - 8-K - EPOCH HOLDING CORP | v198315_8k.htm |
EPOCH
ANNOUNCES AUM OF $12.8 BILLION AND OTHER FIRM UPDATES
NEW
YORK — (BUSINESS WIRE) — October 5, 2010
Epoch
Investment Partners, Inc. ("Epoch" or the "Company"), a leading
investment manager and investment adviser and the sole operating subsidiary of
Epoch Holding Corporation (Nasdaq: EPHC), today
announced that its assets under management ("AUM") were approximately $12.8
billion as of September 30, 2010, an increase of 13% from $11.3 billion as of
June 30, 2010.
“My
colleagues and I are proud of Epoch’s emergence over the last six years as an
investment firm with whom institutions want to partner to manage their assets,”
said William W. Priest, the
Company’s Chief Executive Officer. “Our focus on investing in companies with
strong free-cash-flow generation, that use it appropriately to benefit
shareholders, has produced attractive relative and risk-adjusted returns.” Mr.
Priest added, “The transparency and integrity of our investment philosophy
continues to resonate with investors looking to meet their long-term
needs.”
OTHER
FIRM UPDATES
Epoch has
added resources to its investment management and client relations teams. These
actions are part of Epoch’s ongoing commitment to ensure its organization is
structured to deliver continued superior long-term investment results and client
service.
The
non-U.S. portfolio management team has been expanded to enhance support for
Epoch’s global investment strategies. Eric Citerne, a senior analyst with
Epoch’s global team, will join Emily Baker as Co-Portfolio Manager of the
International Small Cap strategy. In addition, experienced
international analysts Josepha Kaufman and Michael Jin have joined Epoch’s
non-U.S. team. Most recently, Kaufman was a senior analyst at MFP Investors and
Jin was a senior analyst at Alliance Bernstein.
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The
Client Relations team has added John Reynolds and Clive Gershon. Reynolds
oversees consultant relations and Gershon leads marketing and partnerships with
sub-advisory relationships. Their appointments strengthen Epoch’s ability to
connect with institutional clients and investment
consultants. Reynolds, with 26 years’ experience, previously held
roles with TD Asset Management, BNY Mellon Asset Management and Brown Brothers
Harriman. Gershon
brings 27 years’ marketing and client service experience. He previously held
roles with Capital Guardian and J.P.Morgan Asset Management.
Separately,
Phil Clark has announced his plans to transition from Executive Vice President
and Head of Client Relations to a Senior Advisor at the firm effective at the
end of 2010. “Phil Clark has been instrumental in Epoch’s development and
success. We look forward to his continued contribution in this new capacity,”
Mr. Priest commented.
"Our
organization will steadily evolve as part of our commitment to ensuring our
clients receive quality investment performance and service. These organizational
enhancements meet this objective as they strengthen our investment decision
making and further our client relationships,” said Mr. Priest. "We are stronger
and better positioned than we have ever been.”
About
Epoch Holding Corporation
Epoch
Holding Corporation conducts its operations through Epoch Investment Partners,
Inc., a wholly-owned subsidiary and a registered investment adviser under the
Investment Advisers Act of 1940, as amended. Investment management and
investment advisory services are the Company's sole line of business.
Headquartered in New York, the Company's investment strategies include U.S.
Equity (All Cap, Large Cap and Small Cap Value), Global Equity (Shareholder
Yield, Choice, Absolute Return and Small Cap) and International Small
Cap.
For more information about Epoch
contact Clive Gershon at Epoch Investment Partners, Inc. 212-991-5404,
cgershon@eipny.com or visit Epoch's website at
www.eipny.com.
Safe
Harbor Statement
This
press release may contain forward-looking statements that involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or implied in
such forward-looking statements. The most significant of these factors include,
but are not limited to, the following: the performance of financial markets, the
investment performance of sponsored investment products and separately managed
accounts, general economic conditions, industry trends, future acquisitions,
competitive conditions, and government regulations. For further information
regarding these forward-looking statements and the factors that could cause
actual results to differ, see "Risk Factors" and "Forward-Looking Statements" in
our Form 10-K for the year ended June 30, 2010. Other factors besides those
listed in "Risk Factors" and "Forward-Looking Statements", and those listed
above, could also adversely affect our revenues, financial condition, results of
operations and business prospects. The Company undertakes no duty to update its
forward-looking statements, including its earnings outlook.
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