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TO BUSINESS, AND NATIONAL EDITORS:
Stralem Equity Fund Names Sullivan Institutional Sales Director
NEW YORK, March 31, 2014 /PRNewswire-USNewswire/ -- Stralem & Company
Incorporated, a New York based asset management firm founded in 1966,
has hired Mark A. Sullivan as Director, Institutional Sales and
Relationship Management effective March 31.
Mark brings over 25 years of experience in institutional sales and
client service to Stralem. Before joining the firm, Sullivan served as
Vice President, Client Relationship Management for American Century
Investments, where he helped double assets under management in one
year and led the firm's relationship with Canadian Imperial Bank of
Commerce. Prior to American Century, Mr. Sullivan spent ten years at
AllianceBernstein, L.P where he served as Managing Director of
Institutional Investments leading the firm's Taft-Hartley group after
serving as the lead client manager on the firm's largest sub-advisory
relationship.
"We're excited that Mark is joining us. He brings deep and broad
experience in client relationship management, and consultant
relations," said Stralem Co-Founder Hirschel B. Abelson, President and
Chief Investment Officer. "His track record speaks volumes about his
understanding of the institutional marketplace and how to build
long-lasting relationships."
With $3.5 billion in assets under management as of December 31, 2013,
Stralem is singularly focused on US Large Cap Equity management. Their
flagship portfolio, the US Large Cap Equity StrategyT is available to
investors in separately managed accounts, a U.S. mutual fund and a
Luxembourg-domiciled UCITS fund.
Stralem's strategy has a long history of outperforming the S&P 500
with far less volatility. Focusing on providing growth and protection
of capital in one, long-only strategy, Stralem uses a conservative
growth management style that focuses on participating in up markets
and while preserving capital during down markets. The strategy is also
characterized by its concentration on approximately 30 stocks, very
low portfolio turnover and management's preference for long-term
investing.
"Our single strategy focus avoids the competition for dedicated
resources experienced by many other firms," Abelson continued, "and
since all of our principals and employees are invested in the
strategy, our investors have the assurance of knowing that our
interests are directly aligned with theirs."
For more information about Stralem & Company and its portfolios, visit
www.stralem.com.
About Stralem & Company Incorporated Stralem & Company Incorporated is
an independent, employee-owned asset management firm founded in 1966
to provide investment management advice to institutions and
individuals. The firm is an Investment Adviser registered with the SEC
under the Investment Advisers Act of 1940 located in New York City.
Past performance is no guarantee of future results.
SOURCE Stralem & Company Incorporated
-0- 03/31/2014
/CONTACT: Andrea Baumann Lustig, Vice President, 212-888-8123, andrea.lustig@stralem.com
/Web Site: http://www.stralem.com
CO: Stralem & Company Incorporated
ST: New York
IN: FIN
SU: PER
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0000 03/31/2014 13:30:00 EDT http://www.prnewswire.com
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