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Wasatch Advisors Announces The Planned Departure Of Founder And Chairman Sam Stewart

TedTed
in Fund Discussions
FYI: Wasatch Advisors, Inc. announces the planned departure of Founder and Chairman Sam Stewart, who will leave to join Seven Canyons Advisors, LLC—an SEC-registered investment advisor recently established by members of his family. “When I started Wasatch Advisors, I intentionally named it Wasatch instead of Stewart Advisors, hoping we could build a business that would thrive well past my tenure. I’m happy to say that’s happened,” said Sam Stewart. “I’m grateful for Wasatch’s support as I start this new venture with my family.” Josh Stewart, son of Sam Stewart, will also depart Wasatch to join the new family-owned firm.

JB Taylor, CEO of Wasatch, commented, “We’re excited for Sam and the next chapter of his career. It’s inspiring that he has the same entrepreneurial spirit as he had 43 years ago when he started Wasatch Advisors. We’re grateful to Sam for his decades of contributions and for founding our firm with an enduring investment philosophy and a strong company culture.”
Regards,
Ted
https://secure.wasatchfunds.com/News/Article.aspx?a=2018 Sam Stewart Announcement

Comments

  • JoJo26
    Interesting. I hadn't spent the time to follow Spencer after he left GP, but I'm not surprised he went on to do his own thing.
  • David_Snowball
    We shared a bit of a note about this in the April issue, with the registration notice for the Seven Canyons funds.
  • TheShadowTheShadow
    Spencer is a Managing Partner at Seven Canyons Advisors as per his LinkedIn page.
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