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.

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