Scott Satterwhite, co-founder of the U.S. Value Team at Artisan Partners LP in Milwaukee, has advised the firm he plans to retire in three years. He will continue as a portfolio manager until September 2016.
Daniel Kane has been promoted to portfolio manager as a result. He joined Artisan in 2008 as an analyst and has been an associate portfolio manager since February 2012.
James Kieffer and George Sertl will remain as portfolio manager for the Value Team, which manages the Artisan U.S. Small-Cap Value, U.S. Mid-Cap Value and Value Equity strategies.
Kieffer and Satterwhite founded the team in 1997. It now includes four portfolio managers and two analysts.
“Scott is a great investor and he, Jim and George have built a strong team with great continuity in decision making and natural succession options,” said Eric Colson, CEO of Artisan Partners. “Our three-year retirement process for portfolio managers is meant to ensure a gradual and thoughtful transition of responsibilities. Over the next three years, we expect Scott to remain engaged in research, decision making and leadership on the team as we continue to grow the U.S. Value Franchise.”