Kinetics Asset Management, investment advisor to Kinetics Mutual Funds, announced last week that it had promoted both Arthur Hoyt, Jr. and Christopher Bell to senior vice president, director of sales and marketing at KBD Securities, a Kinetics affiliate.
Hoyt and Bell, formerly vice presidents, are now responsible for the wholesaling, fund distribution and key account management of the Kinetics Mutual Funds. They will initially be charged with the hiring and expansion of the firm's wholesaling force.
Hoyt joined KBD four months ago from Mellon Advisor Services, where he was an adviser, managing $135 million in assets for Mellon Bank and Dreyfus Corp. He previously served as vice president of wholesaling at the Potomac Funds.
Bell joined KBD a little over a year ago from du Pasquier & Co., an international money manager.