NEW YORK, March 13, 2001 (PRIMEZONE) -- Effective March 1, 2001, William W. Priest has joined Steinberg Asset Management as Partner and Portfolio Manager. The firm name will be amended to Steinberg-Priest Capital Management.
Priest, most recently Chairman and CEO of the American business for Credit Suisse Asset Management, is a highly regarded investor. In 1972, Priest was a founding Partner of BEA Associates, the predecessor firm to Credit Suisse Asset Management. Apart from his demonstrated record of success as a value manager, he is recognized for his thoughtful articles and papers on a variety of financial/investment topics.
"I enjoy investing and competing in the investment business," said Priest. "I've known Michael Steinberg for over 20 years and have great admiration for his track record and professional achievements. I couldn't be happier to continue my career with a group who share my investment and business philosophies."
"Bill's professional credentials speak for themselves," said Michael A. Steinberg, President and founder of Steinberg Asset Management, and "on a personal level, he is an individual of the highest character and integrity. I am proud to have him join our firm."
Steinberg Asset Management currently manages around $1 billion for institutional and wealthy families/individuals. The firm currently offers Small-Cap, Mid-Cap and All-Cap concentrated value strategies.