Anthony E. Spare, co-founder of Spare, Kaplan, Bischel & Associates, has set up a new money management firm, Spare Value First, which aims to identify undervalued stocks for institutional investors and private clients. Mr. Spare will continue to use the value equity strategy he developed in the late 1960s that focused on relative dividend yield for institutional and high-net-worth investors. "Value investing has stood the test of time as the most logical, sensible and reliable way to invest and accumulate wealth, he said.
Mr. Spare retired as chairman and chief investment officer of Spare, Kaplan last October.