General Investing >> Money Manager Interviews >> August 9, 2004


SHERWOOD T. SMALL, president of Boston Private Value Investors, joined the firm in 1992 and became its majority shareholder at the end of that year. His primary responsibility is research and portfolio strategy. His experience includes eight years as a senior mergers and acquisitions professional with Bear Stearns and Salomon Brothers, where he specialized in analyzing undervalued companies. Prior to his work in M&A, he worked as a security analyst for six years at Donaldson, Lufkin & Jenrette and at Lehman Brothers. Mr. Small received his undergraduate degree in economics from Clark University in 1966 and has an MBA from Cornell University. He is a former trustee of Clark University and the Montshire Museum, and a member of the Corporation of the Hurricane Island Outward Bound School. He is also a member of the New York Society of Security Analysts, the Boston Security Analysts Society and the CFA Institute. Profile
MARTHA E. COTTRILL, CFA is a managing director of Boston Private Value Investors. She joined the firm in 1987 after spending two years with Morgan Stanley in New York City and is the lead portfolio manager for the Mid-Cap Equity portfolios and for the Tax-Conscious Russell 1000 value portfolios. In addition to portfolio management, Ms. Cottrill combines her technological and investment background to direct the quantitative side of the firm's investment disciplines. A Phi Beta Kappa graduate of John Hopkins University, she is also a member of the CFA Institute. Profile
TWST: Would you begin with a brief overview of Boston Private Value

Investors and your responsibilities there?

Mr. Small: Boston Private was started about 20 years ago in New

Hampshire. I