Download new leader at first light - First Light Asset Management

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NEW LEADER AT FIRST LIGHT
By NEAL ST. ANTHONY, Star Tribune
Brian Beh has signed on as president of First Light Asset Management,
the nearly one-and-one-half-year-old
firm founded by analyst Matt Arens
that specializes in small-cap health
care stocks.
Beh, 52, spent 22 years at Roxbury
Capital Management, a $3 billion
asset manager. In 2009, after
he was named CEO, Beh moved
Roxbury from Los Angeles to his
home base of the Twin Cities,
after years of commuting. Beh left
Roxbury in November over differences with the majority owner.
“Matt and I were introduced a
couple of years ago,” Beh said last
week. “There’s a huge opportunity
to grow a public-equity health carefocused firm right here in the middle
of Minnesota ‘medical alley.’ ”
Arens, 40, who worked for years
at Kopp Investment Advisors
researching health f irms, has
grown First Light to $185 million
in assets under management in
less than one and one half years.
Nicole LaCoste • [email protected]
Brian Beh, President (Left), Matt Arens, CEO (Right), First Light Asset Management
Arens said Beh understands how
to grow and manage a larger investment firm. That will allow Arens to
focus on his passion of “identifying
health care companies I believe will
provide high investment potential
for the benefit of our clients.”
[email protected]
952-831-6500
The addition of Beh also helps fill
the void left by the late Steve Crowley
at First Light. Crowley, 50, a veteran
health care analyst at Craig-Hallum
Capital and other investment shops,
was killed in a car accident in April,
a few weeks after joining First Light.
www.firstlightam.com
Disclosure: Certain information herein constitutes forward-looking statements or the opinions of individuals associated with First Light
Asset Management and is not intended to be an investment recommendation. Further, the reader should not assume that any statement
herein is indicative of actual events to occur in the future.
Posted with permission from Star Tribune. Copyright © 2015. All rights reserved.
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