News

INVESTMENT MANAGER JACK MURPHY OF LEVIN EASTERLY
SPEAKS AT ANNUAL CHIEF INVESTMENT OFFICER SUMMIT

End of the Post-Financial Crisis World Poses Risks for a New Generation of Investors; Gives Top Stock Picks for an Uncertain Age; Advises Crowd Not to Get Bit by FAANGS


NEW YORK, May 20, 2019 – At the 10th annual Chief Investment Officer Summit in New York, Jack Murphy, CIO of Levin Easterly Partners, said that government intervention following the financial crisis was a sedative on the economy and markets that is wearing off, leaving a new generation of investors that is awakening without memory of risk. These were Murphy’s first public remarks as CIO of Levin Easterly, the long-only asset management firm that was launched last month through Easterly’s acquisition of the institutional investment business of Levin Capital Strategies. Download Full Press Release

EASTERLY BUYS LEVIN CAPITAL
STRATEGIES INSTITUTIONAL BUSINESS

Launches Levin Easterly Partners


NEW YORK, April 9, 2019 – Easterly, an asset management holding company, today announced it has purchased the institutional investment business of Levin Capital Strategies, establishing Levin Easterly Partners, a long-only asset manager with approximately $6.1 billion in assets.

The new firm’s investment and management team will hold a 35% stake in Levin Easterly, providing a solid incentive for long-term growth. Easterly owns a 65% stake.

“We are thrilled to form a partnership with this team of outstanding investment talent,” said Darrell Crate, who serves as Chairman of Levin Easterly. “For years, this team has been consistently able to apply a fundamental predictive research process to find value in the most efficient segment of the equity market.” Download Full Press Release

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