An investment boutique founded by a pair of former BB&T Asset Management executives is off to a good start in bad times.

Shawn Gibson and David Arthur started Blue Ridge Asset Management in August, and Keith Karlawish, who had been the president of BB&T Asset Management, joined them in December. The Raleigh firm already has $10 million in assets under management, and the co-founders said they hope to use their connections to increase that amount by as much as $65 million by yearend.

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