US - Investment veteran Anthony Spare is to establish a new fund management firm, Spare Value First.
The California-based firm aims to identify investment opportunities in undervalued stocks for institutional investors and private clients, by stressing relative dividend yield (RDY) and other primary research.
Since 1966, Spare has been a key figure in value investing. He co-founded the investment management firm Spare, Kaplan, Bischel & Associates in 1989 and served as its chairman and chief investment officer until his retirement in October 2000.
Before that he served as director of research and chief investment officerat the Bank of California's Merus Capital Management Group where he directed money management, investment research, and economic analysis practices. By Madhu Kalia
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