Stephen Lieber, chairman of investment management firm Saxon Woods, will begin working alongside his son, Samuel Lieber, the CEO of Alpine Management, when they merge the two companies at the beginning of next year. Father and son will form a new entity called Alpine Woods Investments, which will serve as a parent company to the two investment management interests.
Stephen and Samuel Lieber will serve as co-CEOs in the new company.
Saxon Woods, formed three years ago, manages or supervises private accounts and limited partnerships for high-net-worth investors, as well as institutions. Stephen Lieber previously founded Lieber & Co., which launched the Evergreen Funds in 1971. He managed what would become a 15-fund mutual fund complex, which was acquired by First Union Corp. in 1994.
Samuel Lieber founded Alpine Management in 1998. The firm oversees three real estate funds, a balanced fund and separate accounts. Before that, he began working at Evergreen in 1985. In 1989, he introduced the industry's first international real estate fund.
Alpine Woods, the new parent company, will collectively oversee more than 300 accounts and six mutual funds.