Gotham Asset Management, a newly formed firm that will focus specifically “on the institutional segment of the market,” has officially opened for business, Joel Greenblatt, its managing principal and co-CIO, said today.

The New York-based firm, which is expected to offer a “suite of domestic and international value investing strategies,” will include a team of 16 investment professionals, which together have about 25 years of experience in the field, the Oct. 5 press release stated.

Collectively, the firm will implement a “propriety fundamental value discipline” that Greenblatt developed previously. It incorporates “a quantitative framework for both the domestic and international markets,” this according to the announcement.

Assisting Greenblatt in the investment strategy will be Robert Goldstein as its managing principal and co-CIO. K. Blake Darcy will assume CEO duties, the release said.  

Previously, Greenblatt, an adjunct professor at the Columbia Business School, founded and served as a managing partner for Gotham Capital back in 1985. Goldstein joined as a managing partner at the firm roughly four years later. Additionally, in prior roles, Darcy was the founder and CEO of DLJdirect, a leading online brokerage business, its Web site said.