Byrne is founder and vice chairwoman of Westwood Holdings Group, a registered investment advisor, trading on the New York Stock Exchange (NYSE: WHG). Byrne had been CIO from inception until 2011. She retired as an employee in June 2015 and now serves as a consultant.
Founded in 1983, Westwood serves a variety of clients worldwide, such as corporate pension funds, religious organizations, endowments, foundations and high net-worth individuals out of three locations — Dallas, Omaha and Toronto. In addition, Westwood is the investment advisor to The Westwood Funds, a family of open-ended mutual funds. Byrne serves on the boards of Westwood Management and Westwood International Advisors (WIA), WHG subsidiaries and the Westwood Investment Funds plc. Westwood Holdings Group currently manages over $20 billion in assets.
She also acts as an advisor to Westwood Trust, WHG's subsidiary serving high net-worth investors. Westwood Trust offers trust and investment services through the use of commingled funds and customized portfolios.
The new GE chief is never going to have more "political capital," says Harbor Advisory's Jack De Gan.
But Lee cautions that businesses still don't know the full consequences of President Trump's tax plan.
GE's stock sinks after the company reports third-quarter earnings that fall far short of expectations.