The firm has restructured responsibilities in response.
Karsch Capital Management has parted ways with three analysts while an additional two staffers resigned, according to a letter sent to investors Tuesday. Michael Karsch wrote that he has “decided to part ways” with analysts Chris Morgan, Rick Singh and Chris Smith. Additionally, Ravee Mehta, a managing director and analyst, and Peter Ort, who headed the business strategy, have both tendered their resignations. The firm declined to comment.
Due to the departures, responsibilities have been re-jiggered. Seven of the managing director-level analysts will report directly to Karsch, with two junior analysts supporting him in terms of executing new ides