Turner Elevates a Senior Portfolio Manager to CIO of Quant Strategies
News summary by MFWire's editors
Turner Investment Partners has promoted David Kovacs to chief investment officer, quantitative strategies. Kovacs' previous title at Turner was senior portfolio manager/security analyst. Before joining Turner, Kovacs was the director of quantitative research at Pilgrim Baxter & Associates. After a market-timing scandal involving founders Harold Baxter and Gary Pilgrim, the firm changed its name to Liberty Ridge Capital.
Company Press Release
David Kovacs has been promoted to chief investment officer, quantitative strategies at Turner Investment Partners, an investment firm that manages more than $27 billion in assets on behalf of institutions and individuals.
Mr. Kovacs, 44, is responsible for setting investment policy and directing the portfolio management, research, trading, investment-strategy, and risk-management functions for Turner’s quantitative investments. He moves into the role after nine years as a senior portfolio manager/security analyst.
Mr. Kovacs developed and continues to manage the firm’s proprietary quantitative model, which provides investment-related data for the quantitative, fundamental, and technical analysis that Turner conducts in managing all of its institutional growth-stock portfolios and mutual funds. He continues to report to Robert E. Turner, CFA, chairman and chief investment officer.
Based in Berwyn, Pennsylvania, Turner was founded in 1990 and offers core-, growth-, and value-stock portfolios to institutional clients as well as managed accounts and no-load mutual funds.
Prior to joining Turner, Mr. Kovacs was director of quantitative research at Pilgrim Baxter & Associates in Wayne, Pennsylvania.
A holder of the Chartered Financial Analyst designation, Mr. Kovacs received an MBA degree in 1990 from the University of Notre Dame with a dual major in finance and accounting, which is also where he received a dual-major bachelor’s degree in mathematics and computer science in 1988. He resides in Malvern, Pennsylvania.
As of September 30, 2007, Turner Investment Partners’ assets under management were more than $27 billion.
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