Judith M. Vale, CFA, Managing Director, joined the firm in 1992. Judy is a Portfolio Manager on the Small Cap team. Previously, she was a portfolio manager at Quest Advisory and a senior fund analyst at Merrill Lynch Asset Management. Judy began her investment career in 1980 as an institutional analyst at Ingalls & Snyder. She earned a BA from Yale University, and has been awarded the Chartered Financial Analyst designation.