Thursday, February 9, 2023

iM Global Partners Announces Strategic Investment in Berkshire Asset Management – FundsPeople Spain

It is a Wilkes-Barre, Pennsylvania-based manager specializing in a dividend-oriented US equity portfolio as part of its core dividend growth strategy.

Company iM Global Partners has acquired a non-majority strategic stake in Berkshire Asset Management, becoming iM Global Partners’ ninth partner. Berkshire is an independent asset manager based in Wilkes-Barre, Pennsylvania. It specializes in a dividend oriented US equity portfolio under its core dividend growth strategy.

The company was established in 1986 and is owned by its employees. The team prides itself on its investment philosophy and process, focused on identifying multi-year and growing dividend stocks through the company’s bottom-up and future-oriented selection process. As of the end of October 2022, Berkshire had $3.96 billion in assets under management.


Berkshire Managing Partner and Chief Investment Officer Kenneth J. For Krogulski, the partnership with IM Global Partners has brought a wealth of experience to current and future Berkshire clients. “This strengthens and enhances the longevity, stability and structure of the Berkshire team, and enhances what we can achieve for our clients. Your investment is an incredible vote of confidence in our team, our investment process and, most importantly, our future,” he says.

Philippe Cuvresel, CEO and founder of IM Global Partners, highlighted that Berkshire Asset Management “like many of our other partners has a unique identity, and its focused and long-term value-oriented approach aligns perfectly with the spirit of IM Global Partners.” fits in with. . Our success in attracting new partners is due to both our single-minded mindset and our support of entrepreneurship. These attributes and our minority position guarantee that each of our partners is able to express their autonomy, philosophy and independence. maintains, which allows us to drive mutual growth.

According to Jeff SeeleyiM Global Partner Fund Management CEO, “Berkshire Asset Management enjoys an exceptional reputation in the US among clients and financial advisors across the country and we look forward to partnering with them to introduce their strategies going forward. Their approach of conservative capital growth to clients, while striving to offer a secure and growing income stream, gives investors the opportunity to diversify – and actually complement – other parts of their asset allocation. ,

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