Marc Roberts Named Portfolio Manager of Fenimore Mutual Fund
Cobleskill, N.Y. (October 12, 2021) – Fenimore Asset Management, an independent, Capital Region-based investment advisory firm and manager of the FAM Funds family of mutual funds, has named Marc Roberts as a Portfolio Manager of the FAM Value Fund.
Established in 1987, the FAM Value Fund is one of three mutual funds that Fenimore manages. The FAM Value Fund, with $1.5 billion in assets under management as of Sept. 30, 2021, seeks to maximize long-term return on capital by investing in quality companies with growing cash profits, strong balance sheets, and exceptional management.
Mr. Roberts joined Fenimore in 2007 as an Investment Research Analyst and became a Portfolio Manager of the FAM Small Cap Fund in 2012. In 2016, he relocated to Chicago and continued his career in the investment industry before returning to Fenimore in March 2020. Mr. Roberts holds the Chartered Financial Analyst (CFA®) designation and focuses on understanding and evaluating quality businesses including, but not limited to, those in the core bank processing and payments, connectors and sensors, and specialty insurance industries. He earned a bachelor’s degree in Finance from Siena College.
“Marc made a very welcome return to the Fenimore family last year and quickly reminded us of his investment research acumen and commitment to our investment philosophy,” said Fenimore CEO John Fox. “He has demonstrated tremendous value for our investors in the past as a Portfolio Manager and we look forward to seeing his talents at work for our FAM Value Fund shareholders in the years to come.”
Mr. Roberts joins Chief Executive Officer John Fox and Portfolio Manager Drew Wilson in managing the FAM Value Fund. Fenimore’s Founder & Executive Chairman Tom Putnam has announced that he will transition away from his Portfolio Manager role in all three of the FAM Funds at the end of 2021 to concentrate fully on his role as Executive Chairman. Mr. Putnam actively guides the firm’s overall investment-research and service-focused culture.
Founded by Mr. Putnam in 1974, Fenimore Asset Management is an independent, nationally recognized investment advisor with more than $4.2 billion in assets under management, as of Sept. 30, 2021, through its Cobleskill and Albany offices. Fenimore offers both customized separately managed accounts and a family of mutual funds that can be used for retirement and other long-term
investment planning. The firm’s team of professionals prides itself on investing in carefully selected quality businesses and providing its investors with highly personalized investment services.