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At Deadline.

Publication: Pensions & Investments
Publication Date: 11-JUN-01 		Format: Online - approximately 1016 words
Delivery: Immediate Online Access
Full Article Title: At Deadline.(Merrill Lynch Investment Managers execs leave to form new company)

Article Excerpt
Merrill team bolts

Top members of the international value equity team at Merrill Lynch Investment Managers' Los Angeles office, previously known as Hotchkis and Wiley, are leaving to form Causeway Capital Management.

Team leader Sarah Ketterer will be CEO and Harry Hartford will be president, splitting the CIO job between them. Portfolio manager James Doyle also joins them, as does Gracie Fermelia, the new firm's COO, and Mark Cone, head of marketing.

``The best way to keep those teammates together is to give them significant equity in the business. Merrill just couldn't give that to us,'' Ms. Ketterer said.

International value equity has been the only strong-performing strategy at the Merrill Lynch unit, which reportedly has been up for sale. International assets under management were $3.2 billion as of March 31. Merrill Lynch hopes institutional clients will shift their portfolios to its London-based international value equity team, which runs $3.5 million....

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