Word: jacobson
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Jonathon S. Jacobson...
Last year HMC reported record returns, 25.8percent versus an average of 20.3 percent forother large institutional funds--a performance duein large part to Jacobson's work...
Managing HMC's domestic arbitrage and emergingmarkets portfolios, Jacobson often beat industrybenchmarks such as the Standard and Poors500--some years by more than 10 percentage points...
...Jacobson will be replaced by Craig Szeman, afellow money manager at HMC. Szeman has notpreviously been among HMC's five highest paidexecutives...
...have a lot of confidence in [Szeman]. He'sbeen working very closely with [Jacobson] for thepast four or five years. We think he will do verywell," Meyer said