Ralph Coutant was named principal and portfolio manager at Matarin Capital Management, confirmed Nili Gilbert, Matarin co-founder and portfolio manager.
It is a new position.
Mr. Coutant was a senior director and research analyst at Invesco Global Quantitative Strategies Group and a member of the firm’s global management and research coordination committees. Ms. Gilbert was senior director and research analyst at the Invesco group and Stuart Kaye was head of research before they founded Matarin Capital Management last year.
Invesco spokesman Bill Hensel could not provide details on a replacement for Mr. Coutant by press time.