Former Bank of America (BAC) chief investment strategist Richard Bernstein is starting his own capital management firm, he told CNBC television on Friday. (At 4:50, of the 6:17 interview, he starts talking about his new firm.) He said he is going to be concentrating on “very long-term, theme oriented investing”.
Bernstein left BofA in March after spending 20 years as a Wall Street strategist. His departure coincided with that of Merrill chief North American economist David Rosenberg.
