Thomas Marsico, who rose to fame as a standout portfolio manager at Janus before founding Marciso Capital Management in 1997, has bought back his namesake firm from the Bank of America. Terms of the deal were not disclosed. The company, which specializes in growth-oriented equity, has $94 billion of assets under management and employs 71 people.

“We feel this transaction solidifies Marsico Capital Management’s foundation and helps ensure a long-term successful future for our company,” Marsico said. “I am pleased and proud that Marsico Capital Management will be an independent investment management firm.”

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.