San Francisco, October 18, 2010 -- Forward Management, LLC (Forward) has announced the hire of Victor Melinauskas ('99) as a Regional Sales Director for the Pacific Northwest Territory. He will focus on serving financial advisors, as well as executing Forward's business strategy, in the Northwest region. The appointment comes as Forward continues to expand its line-up of investment products, particularly in the alternative investment area. It has helped to double the firm's assets under management, bringing the amount to $6.0 billion as of September 30, 2010.
"Victor's depth of experience working with intermediaries made him an ideal candidate to add to our growing sales team," said Jeff Cusack, President of Forward Management. "We continue to hear calls from the advisor community for new solutions in managing their clients' portfolios. As a result, Forward now offers a growing and diverse selection of alternative strategies. Victor's track record in successfully conveying innovative strategies to this important audience speaks for itself," he added.
Forward's most recent strategy, the Forward Tactical Growth Fund was launched in September 2009, and since then it has gained more than $800 million in total assets. The Tactical Growth Fund provides investors with an access to a long/short tactical strategy that strives to participate in the upside of the market while potentially limiting the downside risk. Among Forward's other products experiencing strong investor demand are the $232 million Forward Long/Short Credit Analysis Fund and the line-up of Forward's real estate funds, with total assets of about $1.4 billion. These funds' features include the ability to employ hedge-like strategies, which strongly resonate with investors in the current economic environment.
Before joining Forward, Melinauskas was a Vice President and Wealth Management Consultant for the US intermediary business at American Century Investments where he managed the Northern California territory for their wealth management channel. Previously, he served as a Principal and Business Development Officer at Barclays Global Investors where he helped educate advisors on the strategic and tactical use of ETFs. He was previously a Senior Manager at Charles Schwab & Co. in San Francisco where he focused on strategic planning and corporate development. Melinauskas also held analyst positions at WestCap Investors, Mullin Consulting and Retirement Planning Group, LPL. He holds an MBA from The Anderson School of Business at UCLA and a BA in Business Economics from the University of California, Santa Barbara.
The Forward Funds family offers investors a wide selection of asset classes for building diverse portfolios seamlessly. Forward's complete fund lineup also includes asset allocation, alternative, international equity, real estate, emerging and frontier markets, domestic equity and fixed income strategies and a money market fund. The funds are managed by the company's internal asset management team and through sub-advisor agreements.
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