Thomas Marsico, who rose to fame as a standout portfolio manager at
“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.”
BoA purchased a 50% stake in 1999 for $150 million and the remainder of the firm two years later for $950 million.