LAKE OSWEGO, Ore., March 3, 2017 /PRNewswire/ -- Jensen Investment Management is today announcing that Robert Zagunis, Portfolio Manager and member of the Jensen Funds' Investment Team, will step down from his senior positions and officially retire from the firm as of February 28th, 2018.
At age 63, Robert has been with Jensen since January 1993 and for nearly 25 years has served as a member of the Investment Team. He has held various roles of increasing responsibility from Principal and Vice President, to Managing Director and then as Chairman of the firm. The Investment Team is currently comprised of seven voting members who, together, manage the firm's two mutual funds, The Jensen Quality Growth Fund (incepted in 1992 and originally named The Jensen Portfolio) and the Jensen Quality Value Fund (incepted in 2010). Zagunis has also served as a portfolio manager for Jensen's Private Client Accounts business arm.
"It has been an absolute pleasure to serve Jensen and its clients over the past 24-plus years and I have every confidence in the team to carry the firm forward in the tradition that has long established Jensen as a sustainable firm," Zagunis said in announcing his 2018 retirement. "I originally joined this firm's founder Val Jensen in his quest to steadfastly offer investors access to quality investments with a long-term view. This ingrained culture of investing in only our highest conviction companies will continue to be the hallmark of Jensen beyond my departure next year and well into the extended future."
The consensus-based Jensen Investment Team members, all of whom have equal voting rights, include Managing Directors Eric Schoenstein (with Jensen since 2002) and Robert McIver (who joined Jensen in 2004), as well as Portfolio Managers Kurt Havnaer, CFA (who joined Jensen in 2005), Allen Bond, CFA (who joined Jensen in 2007), Kevin Walkush (who also joined in 2007) and Adam Calamar, CFA (who joined in 2008).
Since the firm's inception, the company and its investment discipline have been managed by a successful team of experienced business professionals who range in ages from their 30s to their 60s, and each of whom maintains an ownership interest in the firm according to previously formalized buy-sell agreements. The management team was purposefully crafted in this manner to enable Jensen to endure through future transitions such as anticipated retirements. The investment discipline and every key business process within the firm have been institutionalized to ensure consistency of execution and a smooth transition following personnel changes. Jensen plans to purchase the outstanding ownership interest of Robert Zagunis upon his retirement.
In fact, succession planning has long been an important component of the firm since its founding. Key executives Val Jensen (for whom the firm is named), Gary Hibler and Robert Millen have all successfully transitioned to retirement without disruption to the Jensen investment process or to the superior quality of client services. Learn More
In addition, in 2015 Jensen expanded its Private Client Account initiative with the addition of Keith Reiland who serves as Director of the Private Client Group. Keith will be taking over Robert's client relations duties which include presiding over Jensen's private client relationships. Keith previously served as an investment counselor within the Private Client Group and as a Manager within the Institutional Group at Fisher Investments. In addition, Keith purchased an ownership interest in the firm on February 28th, 2017.
"We thank Robert for his unwavering commitment to Jensen and to pursuing the Jensen commitment to investing in excellent, quality companies over the past two-plus decades," said Rob McIver, President and Managing Director of Jensen Investment Management. "He has embodied all of the leadership qualities that Jensen is known for, and will allow our firm to continue to be an independent, 100% employee-owned investment management firm that is not beholden to a parent company."
Jensen Investment Management was founded in 1988 as an independent employee-owned investment management firm. Jensen's total assets under management as of January 31st, 2017 were more than $7 billion. The firm manages the Jensen Quality Growth Fund and the Jensen Quality Value Fund, as well as separate institutional and private client accounts.
Mutual fund investing involves risk, loss of principal is possible.
The investment objectives, risks and charges and expenses for the Jensen Funds must be considered carefully before investing. For a prospectus containing this and other information, please call 1-800-992-4144 or download the file from http://www.jenseninvestment.com. Read it carefully before investing or sending money.
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SOURCE Jensen Investment Management