Money Management

Bridgeway Capital brings on partner to head up new international equity strategy

Jacob Pozharny was named partner, head of international investing, at Bridgeway Capital Management, where he will oversee the creation of the firm's new quantitative international equity strategy.

The position is new.

Bridgeway, which had focused on U.S. long-only equity strategies, manages $10.4 billion, including $6 billion as a subadviser for other managers and $700 million in institutional separate accounts, said Tammira Philippe, president and CEO, in an interview.

Mr. Pozharny was head of research and portfolio management for non-U.S. core equity at Quantitative Management Associates. A spokeswoman at QMA said he won't be replaced.

The expansion into international equity by Bridgeway is part of Ms. Philippe's three-part growth plan at Bridgeway: to broaden its investment capabilities, bring more awareness to the firm and diversify its client base, particularly on the institutional side, she said.

Adding international equity "was a natural extension for us based on client feedback," Ms. Philippe said.

Bridgeway is "keeping an open mind" on further strategy expansion, Ms. Philippe said. "But what's in our sights is building on our strengths," from U.S. equity to international equity and potentially other hedge or market-neutral strategies.

Ms. Philippe said that while "we believe the best way to expand is organically and with hiring people, we aren't closed to the idea of acquisitions" to broaden its capabilities.