Pierre to Join Anchor Capital

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Anchor Capital Advisors will hire Michael C. Pierre as senior vice president and portfolio manager and acquire the $505M in client accounts that he manages from Moody Aldrich Partners. Pierre will manage Anchor’s Focused Value Strategy, a separately managed account sold to institutions and high-net-worth individuals.

Pierre is currently the portfolio manager for Moody Aldrich’s Focused Value product, which he founded over 13 years ago. He will continue to use the same investment philosophy and process in managing client accounts in Anchor’s Focused Value product.

Focused Value is a long-only domestic all-cap equity strategy and will be available to all Anchor clients following the transaction close. Anchor expects the transaction to close in the fourth quarter.

Anchor provides investment advisory services as well as subadvisory account management for registered advisors, banks and brokerage firms. The firm, which had $6.3B in assets under management as of June 30, is a majority owned subsidiary of Boston Private Financial Holdings.

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