John Mousseau, who has more than three decades in the investment management industry, has been chosen to take the helm of Cumberland Advisors, where he has spent nearly the last 18 years as portfolio manager and director of fixed income.
“The best way to insure the continuous delivery of a high level of quality service to our clients is to execute a well-thought-out succession plan,” Kotok said in a June 11 news release. “Many firms wait too long and become reactive to unfortunate events. At Cumberland, we want to be proactive, not reactive.”
Mousseau told The Bond Buyer on Wednesday that he is responsible for short and long-term investment decisions for the independent registered investment advisory firm that manages fixed income and equity accounts for individuals, institutions, retirement plans, nonprofits, and government entities.
“We have worked on the mechanics for the last six months, putting the pieces in place to make it work,” he said.
“I’m steering the ship and signing off on all trading decisions and making the bigger calls on duration and direction, in addition to the day to day decisions, some more longer term in nature,” he added.
Mousseau said Kotok continues his role as chairman and CIO, focusing on generating revenue and acting as a spokesperson for the firm — apart from the day to day decisions and responsibilities — but no less dedicated.
“He is still heavily involved in the firm and going as strong as ever,” the new president said, calling Kotok a “great model as a boss” due to his work ethic.
At the helm Mousseau has a vision to grow the equity side of the firm as much as it has the bond platform.
“We have developed some very good quantitative models on the equity side,” he explained. “Cumberland manages a majority of assets on the bond side – I would like to see equities grow to a more meaningful level,” he said.
To read the full article: www.bondbuyer.com
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