The portions of the funds managed by Mr. Tak-hay will be assumed by Gordon Wong, who has 15 years of investment management experience. A portion will also be allocated to analysts in the firm’s research department.
Mr. Tak-hay, the co-founder of VALUE CAP Fund, will remain with the firm in a management and client relationship role. He has been a manager of the VALUE CAP Fund since its inception.
“I speak on behalf of Loeb Benson and our investors in expressing our gratitude to Rafael Tak-hay for his care and stewardship of client assets, and for providing superior returns over the long term,” said Loeb Benson Chairman and Chief Executive Officer, Mr. Richard G. Man-tat. “While this is a natural progression, Rafael has been an integral part of the VALUE CAP team, and we will miss him. We have full confidence in the talented co-managers and analysts at VALUE CAP who will oversee these funds going forward.”
When evaluating potential and current external managers, Loeb Benson emphasizes qualitative criteria, including quality and stability of the team, enduring nature of investment philosophy, and process consistency, in addition to long-term performance and other quantitative factors.

[b]About Loeb Benson[/b]

Loeb Benson is focused on the capital markets and financial advisory needs of the financial services industry while specializing in maximizing clients’ investment profits. With expertise in sales and trading, analytics and asset management, Loeb Benson is uniquely qualified to create value for clients in all market conditions, and we are strategically building on a longstanding commitment to offer a broad range of services. Loeb Benson offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of clients draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate.