Leading value fund manager John Schneider has launched a new money management firm, JS Asset Management, based in West Conshohocken, Penn.

Schneider, who most recently oversaw $12 billion in assets for the PIMCO PEA Value and the PIMCO PEA Renaissance funds while with PEA Capital, will draw support from another recent startup, Stellate Partners of Charlotte, N.C., which was formed last year to provide backing to long-only money managers. Stellate will provide turnkey and back-office support to JS Asset Management.

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