Forstmann-Leff will launch a concentrated growth equity "Harbinger of Growth" strategy this month. The post-venture strategy will invest in stocks of venture capital-backed companies that have gone public in the past decade. Richard Goldman, Forstmann-Leff's president, said the new strategy will invest in 20 to 25 stocks in various sectors and across all capitalization sizes, and it will eventually invest in IPOs. The strategy will be managed by Beth Dater, the firm's CIO of small and "smidcap" strategies.
Mr. Goldman called the new strategy "the next step in the firm's evolution." He noted that since he joined the firm in 2003, he has helped reposition it as a growth equity specialist by helping to create large-cap, midcap and small-cap growth and core strategies.
The firm manages about $4.4 billion for institutional investors and in wrap accounts.