Money Odds & Ends

Investment advisors form new Milwaukee company
A team of local investment professionals have formed 1492 Capital Management LLC in Milwaukee’s Historic Third Ward.

The company, which opened an office at 309 N. Water St., will provide investment advisory services to institutional and private clients and initially intends to manage investment products in the small capitalization sector of the public equity market.

The founding principals of the new company are Joseph Frohna and Tim Stracka. The Hawthorne Group of Pittsburgh, Pa., has partnered with 1492 Capital Management and has taken a minority equity ownership position.

1492 Capital Management will have two primary investment strategies – growth and value. The firm’s investment products include: Microcap, Small Cap Growth, SMID Cap Growth, and Small Cap Value.

"We have assembled a fabulous team of investment professionals with extensive experience and success in small cap investing. Furthermore, we are thrilled to be partnering with Hawthorne Group in launching our new firm," Frohna said.

Rodney Hathaway, portfolio manager of the Small Cap Value Fund, said, "Setting sail with the team of investment professionals at 1492 Capital Management is a spectacular opportunity. Our group of dedicated analysts and portfolio managers possess the skills and experience that will benefit our clients through both bull and bear markets."

Frohna was the founder and chief executive officer of Cortina Asset Management and lead portfolio manager of the Cortina Small Cap Growth Strategy.

Straka’s career covers more than 20 years of institutional sales experience.

Brian Andrew is the chief operating officer and chief compliance officer of the new company. Most recently, Andrew served as president of Ziegler Company’s money management subsidiary and mutual fund company.

The new company also includes co-portfolio manager Rob Damron and senior equity analyst Kevin Foll.


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