Two portfolio managers from Robertson Stephens Investment Management are leaving to form their own firms while remaining as sub-advisers for their old funds. The arrangement is likely to both increase the independence and compensation of the managers and to serve as a model for other high-profile managers.

Ronald Elijah will continue to manage the Robertson Stephens Value + Growth and Information Age funds through his newly-formed firm, Elijah Asset Management. In addition, Rick Barry will continue to manage roughly one-third of the assets of the Contrarian Fund through Eastbourne Management, Barry's new firm, said Stephanie Linkous, a spokesperson for Robertson Stephens.

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