Former Vice President Al Gore has been named vice chairman of Metropolitan West Financial, a diversified financial services company with more than $50 billion in assets under management, the company said.

Effective immediately, Gore is a member of the company's executive leadership team. The former VP will focus on developing private equity strategies in the biotechnology and information technology sectors, as well as finding opportunities for the company to expand internationally.

"[Gore's] economic credentials were honed at the public sector's highest levels as vice president and a member of the U.S. Senate," said Richard Hollander, CEO of MetWest. "His insight and knowledge of the public and private sectors will be invaluable to our organization."

Gore will continue his academic and public policy roles, according to Met West.

MetWest Financial's affiliate company's include: Metropolitan West Asset Management, which runs the four Metropolitan West Funds; Metropolitan West Capital Management; Metropolitan West Securities; MW Post Advisory Group; MW Pritchard, Hubble & Herr; and Metropolitan West Financial and Strategic Services.

Peterson Leaves Westcore To Start New Firm

Jerry Peterson, senior partner of Denver Investment Advisors LLC, has left to form Agger Capital Management, an independent investment management firm based in Denver.

At Denver Investment Advisors, Peterson managed the Westcore Select Fund since its inception on Oct. 1, 1999. From then until Sept. 30, 2001, the fund was ranked second out of 7,137 U.S. equity funds, according to Lipper statistics. Denver Investment Advisors manages the Westcore family of mutual funds.

Peterson expects the firm will commence business around the first of the new-year. Brad Barrett will serve as head of client relations.

Todger Anderson and William Chester have been tapped to assume management responsibilities for the Westcore Select Fund.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.