LANCASTER, Pa.--(BUSINESS WIRE)--Emerald Asset Management, Inc., an investment holding company with approximately $4.1 billion in assets, has announced that industry veteran Joseph Hovorka has joined the Emerald team. Emerald Founder and CEO Joseph E. Besecker announced that Mr. Hovorka has joined subsidiary company Emerald Advisers, Inc. as Senior Research Analyst – Associate Portfolio Manager. He will join the firm’s Mid-Cap Growth Strategy portfolio management team and provide research analysis to all Emerald portfolio management teams, focusing on consumer discretionary companies. Mr. Hovorka will be based primarily in Emerald’s Cleveland, OH office.

Prior to joining Emerald, Mr. Hovorka most recently served as Managing Director of equity research at Raymond James. While at Raymond James, he covered the Leisure and Entertainment industries and was part of the team that took several companies public. He has over twenty years of experience in the investment industry.

“We are proud to welcome Joe Hovorka to our investment team,” said Mr. Besecker. “Emerald has consistently continued to expand our portfolio management and research teams since our founding in 1991 and we look forward to putting his expertise and experience to work for our clients,” he said. Emerald and its subsidiaries maintain offices in King of Prussia and Pittsburgh, Pennsylvania, Cleveland, Ohio and Oceanside, California. Its global headquarters is located in Leola, PA.

Founded in 1991, Emerald Asset Management, Inc. is a diversified investment management company that operates through its subsidiaries Emerald Advisers Inc., Emerald Mutual Fund Advisers Trust, Emerald Separate Account Management LLC, Emerald Direct Lending Advisers LLC and EmStone Advisers LLC. Assets managed by these companies totaled approximately $4.1 billion as of June 30, 2016. “Driven by Research,” Emerald employs an intense fundamental, research-focused investment philosophy and focuses primarily on growth and value oriented equity investing and high-quality disciplined fixed-income investing.