, chief operating officer at Janus' Intech
subsidiary will retire from the firm effective December 31. Hurley has been with the firm since its founding 21 years ago.
Palm Beach Gardens, Florida-based Intech does not plan to appoint a new COO. Hurley's duties will be split among three executives: Justin Wright
, vice president and general counsel; Lance Campbell
president and chief financial officer; and Scott Marinko
, senior vice president of operations.
Hurley will remain a consultant to the firm.
Company Press Release
Enhanced Investment Technologies LLC (INTECH) today announced that after more than two
decades with the firm, Chief Operating Officer David E. Hurley has decided to retire effective
December 31, 2008. Mr. Hurley, who has been with the firm since its founding in 1987, has
played an integral role in the success of the firm.
In announcing Mr. Hurley's retirement, Chairman and CEO of INTECH Mr. Robert A. Garvy
remarked that, "Dave has been a key contributor to INTECH’s founding and success over the
past 21 years. I am pleased to extend INTECH’s best wishes on a well-deserved retirement. He
will be missed."
As COO, throughout the years, Mr. Hurley has been responsible for day-to-day coordination of
INTECH’s operations, trading, human resources and risk-management functions. These
responsibilities have been assumed by members of INTECH’s senior management team,
including Justin Wright, Vice President, General Counsel; Lance Campbell, CFA, Vice
President, Chief Financial Officer; and Scott Marinko, Senior Vice President, Operations. Most
recently, Mr. Hurley was responsible for overseeing the construction of INTECH’s new global
headquarters at CityPlace Tower in West Palm Beach, Florida. The firm’s relocation is expected
to be completed in November.
In discussing his retirement, Mr. Hurley reflected on the successful growth of INTECH during
his tenure with the institutional money manager. He noted that, "When I joined INTECH in
1987, we had four employees and managed $50 million. Today, we have 81 employees around
the globe and manage $55.6 billion (as of September 30, 2008) on behalf of institutional investors worldwide. I am so proud to have been a part of INTECH’s growth into a leader among
asset management firms both in the U.S. and around the world."
To help ensure a smooth transition of his responsibilities, Mr. Hurley will remain as a consultant
to INTECH following his retirement.
Headed by Chief Executive Officer Robert A. Garvy, INTECH was founded in 1987 following
research undertaken by Dr. E. Robert Fernholz, the company’s Chief Investment Officer, and the
publication of his paper, in 1982, on mathematical investment processes titled, “Stochastic
Portfolio Theory and Stock Market Equilibrium.” The company’s global headquarters is located
in Palm Beach Gardens, Florida and has offices in Princeton, New Jersey and London, England.
As of September 30, 2008, INTECH had approximately $55.6 billion under management and 81
Armie Margaret Lee
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