Jerry Peterson, senior partner and vice president of Denver Investment Advisors LLC, has left to form Agger Capital Management, an independent investment management firm based in Denver.
At Denver Investment Advisors, Peterson managed the Westcore Select Fund since its inception on Oct. 1, 1999. From that date through Sept. 30 of this year, the fund has been ranked second of 7,137 U.S. equity funds, according to Lipper statistics. Denver Investment Advisors manages the Westcore family of mutual funds.
Peterson will be CEO and CIO of the new firm. He expects the outfit will commence business around the first of the new year. Brad Barrett will serve as president and director of client relations.
At Westcore Funds, meanwhile, Todger Anderson and William Chester have been tapped to assume management responsibilities for the Westcore Select Fund.

Kansas Boosts Max Contribution on 529 Plan:Officials Cite Rising College Costs

Kansas Treasurer Tim Shallenburger said today that he has increased the contribution limit for the state’s 529 college savings plan by more than $100,000.

Officials said they increased the total amount that families could contribute to the college savings vehicle because the costs of higher education are rising by at least 5% each year. Families need to be able to save more to meet those rising costs, said Doug Lockwood, VP of shareholder education at American Century.

Kansas’ 529 plan, which is available nationally, has garnered more than $100 million since it was founded a year and a half ago.

The limit on plan, which is overseen by American Century Investment Management, was increased from $127,000 to $235,000, according to a statement released by American Century.

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