NEW YORK, October 13, 1999 - Carret and Company, the New York money management firm, announced today that two experienced and successful equity portfolio managers -- Arthur Gray, Jr. and R. Stephen Bartholow, Jr. -- had joined the firm.
William H. Webber, Jr., Carret's chairman and chief executive officer, said Gray would be a senior managing director and Bartholow, a managing director.
"Arthur Gray and Steve Bartholow are extremely effective investment professionals," said Webber, "and their conservative investment style is an excellent fit with Carret's. They add significant strength to our equity investment operations."
Webber said the arrival of Gray and Bartholow would raise to $1.2 billion the assets that Carret currently has under management.
Gray and Bartholow joined Carret from S.G. Cowen Securities Corp. where they had worked together since the early 1990s. Their clients include high-net-worth individuals, family offices, smaller institutions and profit-sharing plans and foundations.
Before he went to Cowen in 1993, Gray had been president and CEO of Dreyfus Personal Management for 11 years. Bartholow joined Gray at Dreyfus in the mid-1980s as an equity analyst.
Gray's other positions have included chairman of Tallasi Management Company and first vice president of Mitchell Hutchins.
Gray attended Massachusetts Institute of Technology before joining the U.S. 8th Air Force as a first lieutenant and navigator in World War II. Bartholow holds a bachelor's degree in economics and finance from Southern Methodist University.
Carret and Company is a portfolio company of Castle Harlan Partners III, L.P., a private equity investment fund organized and