In October 2022, the Mission, Kansas-based firm hired Joe Neuberger as the president of KCM and Laura Symon Browne as the president of the Buffalo Funds, which should help stabilize leadership after former fund president Clay Brethour left in 2020. Neuberger comes from U.S. Bank, where he headed the global fund-services unit, and is now responsible for KCM’s day-to-day management. Symon Browne spent most of her career with Vanguard and will now focus on trying to turn around the firm’s 10 actively managed mutual funds, which have primarily been in outflows since 2015 despite decent performance. Unlike previous leadership, neither Neuberger nor Symon Browne will be running money. Their arrival also takes some duties off of firm founder John Kornitzer’s plate. Kornitzer, 77, is the firm’s controlling shareholder, and it has not always been clear who might lead the firm if he were unavailable. Kornitzer can now focus on KCM’s private-client business and running Buffalo Flexible Income.
KCM has also deepened its analyst bench. Prior to 2021, the firm’s portfolio managers did most of their own research; since then, however, KCM has hired five additional analysts to bring the firm’s research team to six. While KCM has had spates of personnel turnover, the investment team is settling in and hasn’t had any departures in the past 21 months, as of January 2023.