PORTLAND, Ore. - Chinook Capital, Portland, has shuffled partners and altered its strategy, bringing in Greg Houser, chief investment officer of Capital Consultants Inc., to join Managing Partner Blake Singer.
The firm, which has about $50 million under management, has ambitions to become a "half-billion-dollar firm," Mr. Singer said. At Capital Consultants - a Portland money manager - Mr. Houser oversaw a stock and bond portfolio of about $450 million.
The reconstituted Chinook will seek to capture more institutional business and explore other avenues of growth, Mr. Singer said.
Chinook was founded in 1988 by John Kingery, who brought Mr. Singer aboard in 1994. Mr. Singer bought out Mr. Kingery's half of the firm earlier this year. Mr. Kingery took his clients with him to a new firm called Tumalo Capital Management, with offices in Bend and Lake Oswego. Tumalo has about $20 million under management. Its clients are accredited investors and its investment focus is primarily in technology stocks.
"It ultimately came down to a difference in styles," Mr. Kingery said of his split with Mr. Singer.