NEW YORK — Two months after taking the helm at BKF Capital Group, John C. Siciliano has begun making moves to stabilize the firm's investment management business.
BKF Capital has operated mostly through its asset management subsidiary John A. Levin & Co., which has seen significant personnel and client defections during the past year. The money manager has since been renamed BKF Asset Management.
In an interview, Mr. Siciliano, president and chief executive officer of BKF Capital, said a key part of the rebuilding effort will be hiring new talent to expand the firm's base of traditional and alternative investment offerings. He said the firm has been actively courting and is in "serious talks" with a number of outside portfolio managers since he took over for John Levin, founder and former CEO of John A. Levin & Co. Mr. Levin officially stepped down in October, following a battle with shareholders over executive compensation practices.
Already, BKF has begun to offer new types of traditional strategies, said Mr. Siciliano. Last week, the firm added two investment professionals, including Michael Rosen, a portfolio manager from ING Investment Management, New York. Mr. Rosen will launch and manage the firm's first two quantitative equity strategies. He will be supported by at least one new analyst, but further details were not available.
Mr. Rosen created ING's disciplined core and dividend growth quantitative equity strategies, and also managed its opportunistic quantitative equity strategy. He said he will manage both the core and dividend strategies for BKF; at press time it had not yet been determined if the track records will move to BKF from ING.
The second staffer, an analyst who will work alongside Mr. Rosen, was not identified.