Posted on: May 2, 2012

Taking on the Fund Managers

In 2007, business television personality Kevin O’Leary went shopping for a fund management firm he could call his own; one that matched his value-yield style of investing. He soon clicked with Stanton Asset Management chief and Wall Street veteran Connor O’Brien, and the pair launched O’Leary Funds, which has seen its assets under management grow from $400-million in year one to $1.2-billion today. Mr. O’Brien recently spoke with Dan Ovsey about the genesis of O’Leary Funds, working with a celebrity and the strategy behind the success of the relatively new partnership. Following is an edited transcript of their conversation.

Q How did you come to meet Kevin O’Leary and what was it that solidified a strong enough bond to create your partnership?

A I met Kevin when he was evaluating a number of firms to see the potential of being involved with an investment management firm, in part to have his money managed the way he wanted, which was a very value-yield style of investing, and also to see if the visibility that he generated by being on television would be helpful in building an investment management firm. The good news for both of us is that we saw a lot of potential and commonality in terms of investment style and interest and entrepreneurial drive. So, we decided we would go ahead with it. As a business person, he’s extremely calm and practical and makes good business decisions really efficiently.

Click Here to continue reading the full interview at The Financial Post.

Tagged , ,