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By DailyAlts Staff In a flurry of recent activity, Rothschild Asset Management has expanded its presence in the alternative investments business. A pair of hirings since July 21 have bolstered the firm’s capabilities in both the institutional and retail markets, and Rothschild recently celebrated the one-year anniversary of the alternative mutual fund it co-runs with Larch Lane . These moves come on the heels of CEO Michael Woods’s March appointment, and the April hiring ( announced in January ) of Shakil Riaz as Global CIO and Head of U.S. Alternative Portfolio Management. Fund Anniversary The $61 million Rothschild Larch Lane Alternatives Fund (MUTF: RLLIX ) celebrated its one-year anniversary on July 27, outperforming the HFRX Global Hedge Fund Index, the MSCI World TR Index, and Morningstar’s Multialternative category in its first year. Through July 31, the fund’s Institutional share class had one-year returns of 7.09%, which ranked in the top 9% of funds in its category. The fund, which is the product of a joint venture between Rothschild and Larch Lane, is designed to perform well under a variety of market conditions, and to have limited correlation to the broad stock and bond markets. Both Rothschild and Larch Lane have decades-long track records managing hedge-fund portfolios, and the Rothschild Larch Lane Alternatives Fund offers a “proven capacity to source and allocate to emerging hedge fund managers and liquid strategies,” according to a statement issued by Rothschild. The fund currently uses four managers to sub-advise the fund, each implementing a different strategy: Ellington Management Group, L.L.C – Relative Value / Tactical Trading Karya Capital Management LP – Discretionary Global Macro Mizuho Alternative Investments, LLC – Systematic CTA Winton Capital US LLC – Equity Trading “As investors turn to non-traditional strategies to generate returns in varying market environments, the Rothschild Larch Lane Alternatives Fund is proving to be a compelling option,” said Larch Lane COO David Katz in a recent statement. “By utilizing a multi-manager structure that offers diversification across a variety of asset classes, trading time frames, investment styles and strategies, the Fund has a broad opportunity set from which to potentially profit.” Recent Hirings Rothschild’s presence in the alternatives space has been expanding at an accelerating rate. On July 21, the firm announced the hiring of Joseph Gill, formerly of Pentegra Retirement Services, to join the firm’s institutional sales team; and on August 3, Brinker Capital’s Jennifer Kulp joined Rothschild’s retail distribution team. With recent hirings in both the institutional and retail spaces, Rothschild is demonstrating an across-the-board commitment to the emergence of alternative strategies. Commenting on the pair, Rothschild’s CEO Michael Woods said: “Joseph brings over 20 years of institutional sales and relationship management experience in both traditional and alternative investment management to the firm. He will be instrumental in continuing Rothschild’s consistent presence and long-standing relationships with institutional clients;” and “Jennifer’s addition to the firm will help to further deepen our expertise, broaden our reach across the retail marketplace, and widen distribution channels, which is integral to our growth strategy for North America. I am certain Jennifer’s experience and longstanding client relationships will add immediate value to our retail team.” Mr. Gill will play a “key role” in within Rothschild’s New York-based institutional sales team. Previously, he was with BlackRock, Blackstone, JPMorgan, and the Bank of Tokyo-Mitsubishi, in addition to co-founding Thane Capital. In her newly created position, Ms. Kulp will be responsible for leading Rothschild’s retail distribution strategy and working with distribution channels to help financial advisors achieve their goals. Her prior experience includes a 20-year stint with Brinker Capital, where she was most recently a Managing Director in the firm’s Wealth Advisory Sales group. “I am excited to join Rothschild at a time when the firm is expanding its retail presence and increasing its retail client coverage in the region, and I look forward to contributing to its continued success,” said Ms. Kulp. Scalper1 News
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