Sound Shore Management, Inc. Names David Bilik and Peter Evans Portfolio Managers
May 01 2024 - 12:00PM
Business Wire
Announces Leadership Transition Plan
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.
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Mayo T. Smith (203) 629-1980