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| Jacob Cherner |
CSG Investments, a Plano, Tex., firm with more than $2 billion in fixed income under management, is in the process of adding portfolio managers and other professionals to its bond division. Jacob Cherner, president, says the expansion is part of an effort to look for additional opportunities in the marketplace. He explains that the firm is going through a realignment and is separating the duties of the portfolio managers and the professional marketers who seek to attract clients to invest with the firm, which in theory will lead to increased assets under management while also creating a need for more money managers. Previously, the same officials who managed portfolios participated in gathering assets. Cherner says he is moving management obligations to a newly formed management group that will consist of up to four portfolio managers, two of whom have already been hired. Cherner declined to identify them. The firm will also add up to 10 marketers as part of its expansion plan, which has been in the works since the end of last year.