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.
Mr. Spare retired as chairman and chief investment officer of Spare, Kaplan last October.