JERSEY CITY, N.J., March 8, 2017 /PRNewswire-iReach/ — HGK Asset Management today announced the retirement of Founding Partner and Executive Chairman Jeffrey T. Harris, effective March 31, 2017.

Mr. Harris served as lead manager of the fixed income team at the firm’s inception in 1983, later becoming Chairman and Chief Executive Officer.  For the past four years he has served HGK’s Board of Directors as Executive Chairman.  Mr. Harris will continue to advise the firm as Chairman Emeritus.

Mr. Harris was succeeded as CEO by Michael Pendergast in 2013.  The firm will continue to be led by Mr. Pendergast and Managing Partners Eric Fuhrman, David Hauck, Andrew Rothstein, and Anthony Santoliquido.

«I felt this was the right time to move forward with our transition plan,» Mr. Harris, 74, said. «We possess an incredibly talented management team that has clearly demonstrated the ability to implement our long term strategic vision.  We have developed and manage successful investment strategies while holding ourselves to the highest standard of client service.  I made my decision knowing that HGK is in an excellent position and that we have the right team in place to build on our 34 years of success.»

Mr. Pendergast affirmed, «I have had the pleasure of knowing and working alongside Jeffrey Harris for over 35 years.  His founding vision and longtime dedication to HGK have allowed the firm to endure for more than three decades.  We will greatly miss his daily presence in our office and fondly wish him well in retirement.»    

About the Company:

HGK Asset Management is an independent registered investment advisor located in Jersey City, New Jersey. Founded in 1983, HGK is 100% employee owned with portfolio managers averaging over 20 year’s tenure with the firm.

HGK manages approximately $2.5 billion in equity and fixed income investment strategies. The firm seeks to add value for clients by investing in undervalued securities in all of its investment disciplines.

Media Contact: Matthew Kosara, CFA, HGK Asset Management, Inc., 201-659-3700, [email protected]

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SOURCE HGK Asset Management, Inc.