Eight former Trusco Capital Management employees started their own small-cap growth equity firm, Perimeter Capital Management, said Bradley Ball, former executive vice president and director of sales and marketing at Trusco, who will now be Perimeter's CEO.
The new firm will be structured around Trusco's complete small-cap growth portfolio management team, which managed roughly $2.8 billion at Trusco, Mr. Ball said. The new Perimeter strategy will be launched with the Trusco small-cap growth strategy's seven-year track record.
Perimeter's investments will be led by CIO Mark Garfinkel, the former lead portfolio manager for the Trusco small-cap growth team. Jim Behre, former director of research at Trusco, will be Perimeter's director of research. Patrick Kirksey, former Trusco analyst, will be a senior analyst for Perimeter, and Carrie Tallman, also a former Trusco analyst, will be an analyst for the new firm. Adam Stewart, formerly the head of trading for Trusco, will be Perimeter's director of trading and chief compliance officer.
Perimeter will also rely on two former Trusco distribution professionals to oversee sales, marketing, client services and consultant relations. Christopher Paolella, former Trusco vice president, will be Perimeter's director of marketing and consultant relations, while Theresa Benson, Trusco director of third-party distribution will be Perimeter's director of third-party distribution and client relations.
Messrs. Ball, Paolella, Garfinkel and Behre are the new firm's managing partners. Perimeter employees will maintain a majority of the firm's ownership. Private equity firm Rosemont Investment Partners provided funding and will hold a minority stake. Further details were not available.
Trusco's small-cap growth team will now be run by portfolio managers James Foster and Stuart Van Arsdale, said Trusco spokesman Hugh Suhr. Mr. Suhr was unable to provide additional information by press time.