Anthony Yun has been named president of asset management firm Palo Alto Investors, succeeding firm founder William Edwards, who will remain as chairman and chief investment officer.
Palo Alto Investors, LLC, one of Silicon Valley's leading asset management firms, announced today that Dr. Anthony J. Yun, CFA, has been appointed President, succeeding William L. Edwards, 52, CFA, Founder of Palo Alto Investors, who will remain as Chairman and continue to act as Chief Investment Officer for the firm.
“This promotion is an acknowledgement of Dr. Yun's remarkable contribution to our overall success, and of his equally remarkable leadership abilities and tactical innovations, which have made us a leader in the industry,” Mr. Edwards said. “This transition enhances the leadership team, makes the firm organizationally more effective, and positions us to achieve our goal of delivering sustained high returns.”
Dr. Yun, 40, joined Palo Alto Investors in 1998 as a partner focusing on investments in the healthcare sector. He will remain co-manager of the firm's Healthcare Funds along with Dr. Patrick Lee.
Prior to joining Palo Alto Investors, Dr. Yun, a physician, served on the clinical faculty in the Department of Radiology at Stanford. He received his A.B. in biology from Harvard and a M.D. from Duke.
“We have built a solid foundation at Palo Alto Investors,” said Dr. Yun. “We have an exceptionally strong client base and a 19 year track record that we believe places us in the top tier of all U.S. equity investment managers. My goal is to continue to perform and innovate in ways that will allow us to continue to serve our clients.”
About Palo Alto Investors
Since its inception in 1989, Palo Alto Investors, LLC (“PAI”) has focused exclusively on overlooked, misunderstood and undervalued segments of the equity markets that have significant potential for positive returns. PAI is committed to providing world class money management services to high net worth and institutional investors, delivering long-term returns based on fundamental and internally generated research. The firm offers diversified Micro Cap and Small Cap Funds, as well as Healthcare, Energy and Technology sector Funds. Located in Palo Alto, Calif., PAI employs 22 professionals and manages more than $1.5 billion in assets. The firm is independently owned with significant Partner ownership interest.