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Sound Shore Management, Inc. Names David Bilik and Peter Evans Portfolio Managers

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Sound Shore Management, Inc., a boutique asset manager, named David Bilik and Peter Evans as Portfolio Managers. Both have been with Sound Shore for over 19 years, contributing to the firm's investment success. The leadership transition plan includes appointing Bilik and Evans as Portfolio Managers of the Sound Shore Fund, reflecting the firm's commitment to a gradual and transparent leadership transition.

Sound Shore Management, Inc., una società di gestione di asset boutique, ha nominato David Bilik e Peter Evans come Gestori di Portafoglio. Entrambi lavorano da oltre 19 anni presso Sound Shore, contribuendo al successo degli investimenti dell'azienda. Il piano di transizione della leadership prevede la nomina di Bilik e Evans a Gestori del Portafoglio del Sound Shore Fund, riflettendo l'impegno dell'azienda verso una transizione della leadership graduale e trasparente.
Sound Shore Management, Inc., un gestor de activos de boutique, ha nombrado a David Bilik y Peter Evans como Gestores de Cartera. Ambos han estado con Sound Shore por más de 19 años, contribuyendo al éxito en inversiones de la firma. El plan de transición de liderazgo incluye la designación de Bilik y Evans como Gestores de Cartera del Fondo Sound Shore, reflejando el compromiso de la empresa con una transición de liderazgo gradual y transparente.
부티크 자산 관리 회사인 Sound Shore Management, Inc.가 David Bilik 및 Peter Evans를 포트폴리오 매니저로 임명했습니다. 두 사람은 19년 이상 Sound Shore에서 근무하며 회사의 투자 성공에 기여해 왔습니다. 리더십 전환 계획에는 Bilik와 Evans를 Sound Shore Fund의 포트폴리오 매니저로 임명하는 것이 포함되어 있으며, 이는 회사의 점진적이고 투명한 리더십 전환에 대한 약속을 반영합니다.
Sound Shore Management, Inc., un gestionnaire d'actifs boutique, a nommé David Bilik et Peter Evans en tant que Gérants de Portefeuille. Ils sont tous les deux chez Sound Shore depuis plus de 19 ans, contribuant au succès des investissements de l'entreprise. Le plan de transition de leadership comprend la nomination de Bilik et Evans comme Gérants du Portefeuille du Fonds Sound Shore, reflétant l'engagement de l'entreprise envers une transition de leadership graduelle et transparente.
Sound Shore Management, Inc., ein Boutique-Vermögensverwalter, hat David Bilik und Peter Evans als Portfoliomanager ernannt. Beide sind seit mehr als 19 Jahren bei Sound Shore und tragen zum Investitionserfolg der Firma bei. Der Plan für den Führungswechsel sieht vor, Bilik und Evans als Portfoliomanager des Sound Shore Funds zu ernennen, was das Engagement der Firma für einen schrittweisen und transparenten Führungswechsel widerspiegelt.
Positive

  • Recognizing David Bilik and Peter Evans for their long-term commitment and contribution to Sound Shore's investment success.

  • Appointment of Bilik and Evans as Portfolio Managers reflects the continuity of Sound Shore's investment philosophy, research process, and culture.

  • Commitment to a gradual, orderly, and transparent leadership transition at Sound Shore Management, Inc.

Negative
  • None.

Announces Leadership Transition Plan

GREENWICH, Conn.--(BUSINESS WIRE)-- Sound Shore Management, Inc., a boutique asset manager, announced that effective today, David Bilik and Peter Evans will be named Portfolio Managers. Messrs. Bilik and Evans, both Partners of the Firm, have been with Sound Shore for 21 years and 19 years, respectively. They are veteran securities analysts and long-term members of Sound Shore’s Investment Committee.

Sound Shore’s focused, disciplined fundamental value strategy has been team-managed since its founding in 1978. David and Peter will also join Harry Burn III, T. Gibbs Kane, Jr., and John P. DeGulis as Portfolio Managers of the Sound Shore Fund.

Sound Shore’s President, John DeGulis, said, “David and Peter have grown into their roles over the past two decades and have proven to be significant contributors to the investment team and Sound Shore’s investment process. This announcement reflects their long-term success for Sound Shore’s clients, and I am confident they will continue to leverage their deep investment expertise to help drive superior client outcomes in the future.”

“This recognition is well deserved. David and Peter have taken on lead-analyst roles for many of the investments that have driven the performance of our portfolio, giving our clients the best chance for investment success,” commented Gibbs Kane.

“These appointments affirm the continuity of Sound Shore’s investment philosophy, research process and culture. They also reflect the Firm’s commitment to a gradual, orderly and transparent approach to leadership transition,” said Harry Burn.

Leadership Transition

Effective May 1, 2024, Mr. Burn will step down as Chairman of the Sound Shore Fund Board of Directors and will be replaced by Mr. Kane, who has been President of the Fund since its inception. Meanwhile, President and Portfolio Manager, John DeGulis will join the Fund Board as President.

Sound Shore’s founders Burn and Kane will remain portfolio managers through the end of 2024. At that time, they will continue to participate as advisors to the Investment Committee. Burn and Kane will remain Co-Chairmen and shareholders of Sound Shore Management, Inc.

For further information, please visit www.soundshorefund.com.

About Sound Shore Management, Inc.

Founded in 1978, Sound Shore Management, Inc. is an independent and employee owned investment manager. Our clients are primarily institutions and private wealth advisors.

Our large-cap equity strategy, Disciplined Fundamental Value, has been unchanged for over 45 years.

Headquartered in Greenwich, Connecticut, Sound Shore Management, Inc. has been adviser to the Sound Shore Fund, a no-load mutual fund, since its inception in 1985.

Investing involves risk. Loss of principal is possible. Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses. This and other information is in the prospectus and summary prospectus, a copy of which may be obtained by calling (800) 551-1980 or visiting the Fund's website www.soundshorefund.com. Please read the prospectus and summary prospectus carefully before you invest. Foreside Fund Service, LLC, Distributor.

Mayo T. Smith

(203) 629-1980

Source: Sound Shore Management, Inc.

FAQ

Who has been named Portfolio Managers at Sound Shore Management, Inc.?

David Bilik and Peter Evans have been named Portfolio Managers at Sound Shore Management, Inc.

How long have David Bilik and Peter Evans been with Sound Shore?

David Bilik has been with Sound Shore for 21 years, while Peter Evans has been with the firm for 19 years.

What is the Sound Shore Fund?

The Sound Shore Fund is a fund managed by Sound Shore Management, Inc., focused on a disciplined fundamental value strategy.

When will the leadership transition at Sound Shore Management, Inc. be effective?

The leadership transition at Sound Shore Management, Inc. will be effective on May 1, 2024.

Who will replace Mr. Burn as Chairman of the Sound Shore Fund Board of Directors?

Mr. Gibbs Kane will replace Mr. Burn as Chairman of the Sound Shore Fund Board of Directors.

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