NU Online News Service, Oct. 15, 1:25 p.m. – Phoenix Investment Partners Ltd., Hartford, a subsidiary of The Phoenix Companies Inc., says it has agreed to acquire a majority interest in Capital West Asset Management L.L.C., Greenwood Village, Colo.
Capital West advises wealthy individuals, pension plans and foundations. Its investment managers believe that earnings forecasts put out by securities analysts create market inefficiencies. The managers try to exploit differences between the expectations of the analysts and their own expectations.
The current Capital West principals will keep some of the stock in the company and control day-to-day operations, Phoenix says.