Alpine Woods Capital Investors exited the mutual fund business on May 4, 2018, selling its open-end and closed-end mutual fund business to Aberdeen Standard and refocusing on other business, such as hedge funds.
Alpine Woods, former advisor to the Alpine Funds, is one of two registered investment advisors (along with Saxon Woods Advisors) controlled by Alpine Woods, which was created through the merger of the two RIAs in 2003. The two RIAs were run by Stephen and Sam Lieber, a father and son team.
Stephen Lieber founded Lieber and Company in 1969 and then Evergreen Asset Management to launch the Evergreen Fund in 1971. First Union Bank acquired Evergreen Asset Management in 1994 and merged the Evergreen Funds with its existing Keystone Funds family. In 2001 First Union merged with Wachovia and Evergreen was eventually folded into Wells Fargo Funds.
Samuel Lieber founded Alpine Management & Research in 1998 and purchased the management contract for two of the funds that he created for Evergreen -- Global Real Estate Equity Fund (1989) and U.S. Real Estate Equity Fund (1993). He launched a third fund, Realty Income and Growth Fund, the same year.
Meanwhile, Stephen Lieber founded Saxon Woods Advisors in 1999 to focus on private asset management for high net-worth individuals and institutional money management.
Alpine's objective and methodologies seek a "top down/bottom up" fundamental approach. Research aims to monitor company-specific business risks, and evaluate sources of income for a company to determine stability as well as components of growth. Alpine grants a significant premium for internal versus external growth. Evergreen seeks to include securities of strong companies that are undervalued by the market.Portfolios typically hold a mix of both large and small cap stocks.
Samuel Lieber Chairman and Chief Executive Officer, Alpine Woods Capital Investors LLC
Stephen A. Lieber Founding Partner, Alpine Management & Research
Arleen Baez Chief Operating Officer, Alpine Funds
Patrick Coyne Managing Director, Head of Marketing, Alpine Funds
Matthew Breitman General Counsel, Alpine Management & Research
Ken Corrado Chief Compliance Officer, Alpine Management & Research
Marc Rappaport Senior Managing Director, Retail Distribution, Alpine Woods Capital Investors
Andrew Pappert Head of Fund Operations, Alpine Management & Research