The Assette Story
Assette was founded in 1998 to dramatically improve the way institutional investment
management firms communicate with their clients. Two industry veterans at Frontier Capital Management Company
realized that, by leveraging the power of technology, marketing, client service
and productivity could be dramatically improved, while freeing firms from their
reliance on manual efforts to effectively communicate with clients.
Based on this vision, Assette was created and backed with funding from an all-star
group of prominent individuals in the investment management industry. Assette investors
Peter Bennett, former Chief Investment Officer of State Street Research and
Grace Fey, former EVP and Director at Frontier Capital
- J. David Wimberly, Chairman Emeritus at Frontier Capital
Michael Cavarretta, Chairman of Frontier Capital
- James Colgan, Portfolio Manager at Frontier Capital
Nalin Kulatilaka, Professor of Finance at Boston University
Michael Barry, General Partner of Barrier Island Capital
Assette is run by experienced professionals and guided by a board of directors with
extensive experience in the investment management industry.
Thusith I. Mahanama
Mr. Mahanama, Assette's co-founder and board member, is responsible for the company's
overall strategic direction and marketing plan. Mr. Mahanama brings over 15 years
of technology management experience to Assette. Before founding Assette, he was
responsible for managing information technology at Frontier Capital Management Company
in Boston, which manages over $10 billion in assets for institutions. At Frontier,
Mr. Mahanama created one of the industry's first online client communications systems,
which provided daily portfolio data to clients.
Mr. Mahanama has a B.S. in Information Systems and Marketing from the University
of Wisconsin-Superior and an M.S. in Management Information Systems from Boston
University's Graduate School of Management. Mr. Mahanama is also a member of the
Boston Security Analysts Society.
Mr. Cavarretta, a chartered financial analyst, brings hands-on asset management
expertise to Assette’s board of directors. He is the chairman of Frontier Capital
Management Company in Boston, which manages over $9 billion in assets. Mr. Cavarretta
serves as portfolio manager for Frontier Capital Appreciation Portfolios and co-team
leader for Frontier Research Portfolios. Before joining Frontier, Mr. Cavarretta
was a financial analyst for General Electric.
Mr. Cavarretta holds a B.S. from the University of Maine and an M.B.A from Harvard
Mr. Colgan is a technology equity analyst and portfolio manager at Frontier Capital
Management Company in Boston. Since 2001, he has managed a portion of the firm’s
$2.5 billion small-to-mid-cap portfolio. Mr. Colgan specializes in creating innovative
investment ideas, monitoring existing equity holdings, collaborating with sell-side
analysts, and building quarterly financial models for long-term holdings. He has
also held management positions at Digital Equipment Corporation and United Technologies
Mr. Colgan holds a B.S. in Mechanical Engineering and Materials Science from the
University of Connecticut, an M.S. in Manufacturing Engineering from the University
of Massachusetts, and an M.S. in Mechanical Engineering and an M.B.A. from MIT.
J. Michael Greata
Mr. Greata has spent 39 years in the computer systems industry. He is currently
the president of Opera Systems. Before joining Opera, Mr. Greata was a founder and
chief technology officer at Apollo Computer (now part of HP). Previously, Mr. Greata
held positions with PR1ME Computer and Honeywell's minicomputer division. At PR1ME,
he served as director of software development and director of advanced systems development.
Mr. Greata holds a B.S. in Electrical Engineering and an S.M. in Electrical Engineering
from the Massachusetts Institute of Technology (MIT) in Cambridge, Massachusetts.
A professor of finance at the Boston University School of Management, Professor
Kulatilaka studies issues of risk management, firm valuation, and real options.
He serves as the Research Director of Global Mobility Innovations and Insights,
a multi-university research consortium on mobile communications. Professor Kulatilaka's
current research examines issues related to the valuation of real options and their
use in forming an economic foundation for corporate strategy. His book on this topic,
Real Options: Managing Strategic Investments in an Uncertain World is published
by Harvard Business School Press. Professor Kulatilaka has published extensively
in top academic journals as well as influential managerial publications. He has
received the Association for Investment Management and Research's Graham and Dodd
Award in recognition of outstanding feature articles published in the Financial
Analysts Journal. Outside academia, he frequently addresses executive audiences
and consults for investment banks, corporations, and governments.
Professor Kulatilaka received a B.S. in Electrical Engineering from Imperial College,
London, an S.M. in Decision Sciences from Harvard University, and a Ph.D. in Economics/Finance