Former Reed, Conner & Birdwell (RCB) CIO Jeffrey Bronchick has launched an equity investment firm. Based in El Segundo Cove Street Capital will handle focused equity strategies through separate accounts and sub-advised relationships.

Cove Street, whose institutional quality framework is headed by its president and COO Daniele Beasley, has been set up with nearly $400 million in assets under management and a global mix of institutional and high-net-worth clients. Cove Street serves as a sub-adviser to Litman Gregory’s Masters Select Smaller Companies Fund and the Cove Street Capital Small Cap Value Fund.

Click here for the release from Business Wire.