Kayne Anderson Rudnick, a boutique investment adviser and affiliated manager of Virtus Investment Partners, has promoted Doug Foreman to co-chief investment officer, effective January 1, 2013.

Foreman will share responsibility for leadership of KAR’s equity team and investment operations with Robert Schwarzkopf, chief investment officer since 2007.

He was hired in July 2011 as director of equities, a role he will continue to hold, and he will continue to report to Schwarzkopf. Before joining KAR, Foreman was director of equities at HighMark Capital Management for two years following ten years as group managing director and chief investment officer at Trust Company of the West.

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