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News » Tocqueville announces promotions of Joshua Kaufthal and James Maxwell
Tocqueville announces promotions of Joshua Kaufthal and James Maxwell
NEW YORK, June 30, 2016 – Tocqueville Asset Management, along with co-lead portfolio managers J. Dennis Delafield and Vincent Sellecchia, are proud to announce the promotions of Joshua Kaufthal and James Maxwell, CFA, to Co-Portfolio Managers of the Delafield Fund (DEFIX) and the Tocqueville Select Fund (TSELX). Mr. Kaufthal and Mr. Maxwell, have been with the investment team for over 13 years and 10 years, respectively. Their promotions are effective as of June 30, 2016, with Mr. Delafield and Mr. Sellecchia remaining as the primary co-lead PMs and final decision-makers on the Delafield Fund. The Tocqueville Select Fund will continue to be managed by co-lead portfolio managers Mr. Delafield and Mr. Sellecchia alongside Donald Wang, who has worked on this strategy since 1999.
"These promotions reflect the fact that Josh and Jamie have been actively involved in our investment process for a long time," says Mr. Sellecchia. "Their new titles are an official and overdue recognition of the contributions they have already been making to the team. Our thorough fundamental research effort remains the core of our investment philosophy and Josh and Jamie's financial analyses are key elements of that process."
For further information on the Delafield Fund (DEFIX) or the Tocqueville Select Fund (TSELX), please visit: www.tocqueville.com/mutual-funds or call 1-800-697-3893.
Biographies for the Delafield Fund (DEFIX) Portfolio Managers
J. Dennis Delafield, CFA, and Vincent Sellecchia, CFA, are co-lead portfolio managers of the Delafield Fund. Prior to joining Tocqueville in 2009, Mr. Delafield founded Delafield Asset Management, Inc. in 1980 which became a division of Reich & Tang Asset Management, LLC in 1991. He has a BA from Princeton University and holds the CFA designation. Prior to joining Tocqueville in 2009, Mr. Sellecchia held executive level positions at Reich & Tang Asset Management, LLC and Delafield Asset Management, Inc. He has a BA from Boston College and an MBA from New York University and holds the CFA designation.
Joshua Kaufthal and James Maxwell, CFA, are co-portfolio managers of the Delafield Fund. Prior to joining Tocqueville in 2009, Mr. Kaufthal spent six years at Delafield Asset Management and three years as an equity analyst in the research department of UBS. He began his career at Bear Stearns as a financial analyst. Mr. Kaufthal earned a BA from the University of Pennsylvania. Prior to joining Tocqueville in 2009, Mr. Maxwell spent three years at Delafield Asset Management. Mr. Maxwell graduated Cum Laude from Northern Arizona University and holds the CFA designation.
Biographies for the Tocqueville Select Fund (TSELX) Portfolio Managers
J. Dennis Delafield, CFA, Vincent Sellecchia, CFA, and Donald Wang, CFA are co-lead portfolio managers of the Tocqueville Select Fund. Prior to joining Tocqueville in 2009, Mr. Delafield founded Delafield Asset Management, Inc. in 1980 which became a division of Reich & Tang Asset Management, LLC in 1991. He has a BA from Princeton University and holds the CFA designation. Prior to joining Tocqueville in 2009, Mr. Sellecchia held executive level positions at Reich & Tang Asset Management, LLC and Delafield Asset Management, Inc. He has a BA from Boston College and an MBA from New York University and holds the CFA designation. Prior to joining Tocqueville in 2009, Mr. Wang held Portfolio Manager and Analyst positions at Reich & Tang Asset Management, LLC and Lindner Funds. He has a BS from New York University and holds the CFA designation.
Joshua Kaufthal and James Maxwell, CFA, are co-portfolio managers of the Tocqueville Select Fund. Prior to joining Tocqueville in 2009, Mr. Kaufthal spent six years at Delafield Asset Management and three years as an equity analyst in the research department of UBS. He began his career at Bear Stearns as a financial analyst. Mr. Kaufthal earned a BA from the University of Pennsylvania. Prior to joining Tocqueville in 2009, Mr. Maxwell spent three years at Delafield Asset Management. Mr. Maxwell graduated Cum Laude from Northern Arizona University and holds the CFA designation.
About Tocqueville
With approximately $10.7 billion in AUM as of March 31, 2016, Tocqueville Asset Management and its principals have been managing assets for more than 30 years, and has served as the advisor to the Tocqueville Trust since its inception. The Tocqueville Trust is a family of six actively managed mutual funds and aims to provide capital preservation and growth through long-term investments for private wealth and institutional clients.
Disclosure: Tocqueville Asset Management L.P. serves as the investment adviser to the Tocqueville Trust. The Tocqueville Trust mutual funds, which are distributed by Tocqueville Securities L.P., may be offered only to persons in the United States and by way of prospectus. The information above should not be considered a solicitation or offering of any investment products or services to investors residing outside of the United States.
NOT FDIC INSURED. NO BANK GUARANTEE. MAY LOSE VALUE.
Please read the Tocqueville Trust's current prospectus carefully for important information about the Funds, including investment objectives, risks, charges and expenses, which should be considered prudently before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 1-800-697-3683 or visiting www.tocqueville.com/mutual-funds.
Mutual Fund investing involves risk. Principal loss is possible. Past performance is not a guarantee of future results. DEFIX and TSELX may invests in smaller companies, which involve additional or special risks such as small companies rely on limited product lines, financial resources and business activities that may make them more susceptible than larger companies to setbacks or downturns; and small cap stocks are less liquid and more thinly traded which make them more volatile than stocks of larger companies. More information about these and other risks can be found in the Fund's prospectus.