RS Investments, San Francisco, announced Thursday it has entered into an agreement to acquire the portfolio management team of Oak Value Capital Management, Inc.  of Chapel Hill, N.C. RS will also acquire "certain assets of that firm, including its investment management relationships," the company said.

Oak Value co-founders David R. Carr, Jr., and Larry D. Coats, Jr., will be making the move over to RS Investments, along with Christy L. Philips. Each member of the portfolio management team has nearly a quarter century of investment management experience, on average.

"The capabilties of this team are reflected in the strong track recod of the Oak Value FUnd, and we look forward to welcoming the firm's key investment professionals to RS," said Terry Otton, RS Investments CEO.

RS specializes in large-cap growth, value and "high conviction" GARP (growth at a reasonable price), otherwise known as deep value.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access