ReFlow Management, a San Francisco-based provider of liquidity solutions to mutual fund firms, has hired Paul Schaeffer as president. Schaeffer takes over from Alan Reid, who remains CEO of the firm.
Schaeffer will also serve as director of
strategic planning at ReFlow’s sister company, Forward Management [see profile], sponsor of the Forward Funds.
Prior to joining ReFlow, Schaeffer was managing director of SEI’s investment manager services group, where he was in charge of strategy and thought leadership.
Company Press Release
San Francisco, — May 12, 2008 – ReFlow Management Co., LLC, an
investment services company providing liquidity solutions to mutual
fund companies, is pleased to announce the appointment of
highly-regarded mutual fund industry strategist Paul Schaeffer as the
company’s new President. Mr. Schaeffer will also serve as Director of
Strategic Planning at ReFlow’s sister company, Forward Management, LLC.
“We are delighted to have a seasoned and respected industry expert of
Paul’s caliber join us at ReFlow,” said Alan Reid, who will be
transferring his duties as President to Mr. Schaeffer while remaining
ReFlow’s CEO. “His extensive fund industry experience and thought
leadership will be instrumental in meeting the growing demand for
ReFlow’s liquidity services. The demand continues to accelerate as
mutual fund companies seek to more efficiently manage their funds and
thereby improve performance,” Mr. Reid added.
“The mutual fund industry must continue to innovate to enhance the
value proposition they deliver to clients. ReFlow’s approach to help
managers minimize the negative impact of shareholder activity on alpha
breaks new ground,” said Paul Schaeffer. “Managers now have a tool
kit to mitigate the impact of investor flows and increase control over
cash management, transaction costs, taxes and portfolio manager
distraction,” he added.
Before joining ReFlow, Mr. Schaeffer was Managing Director at SEI’s
Investment Manager Services group in charge of its strategy and
thought leadership. He was responsible for developing overall business
strategy, product development and thought leadership initiatives for
the investment company. Previously, Mr. Schaeffer was Managing Partner
of Investment Counseling, Inc. before being named Executive
Vice-President with Capital Resource Advisors. While in this role Mr.
Schaeffer was the primary author of Competitive Challenges, the
industry’s most recognized best practices study. In addition, he is a
frequent speaker at industry conferences organized by Investment
Company Institute (ICI), American Bankers Association (ABA),
Association for Investment Management and Research (AIMR), and US
Institute. His background in government and public policy has included
positions with President Jimmy Carter, Senator Edward M. Kennedy and
Congressman Les Aspin.
ABOUT REFLOW MANAGEMENT, LLC
ReFlow provides mutual fund companies with liquidity via a set of
comprehensive and precise liquidity management services designed to
manage flow-driven events and help improve fund performance. ReFlow’s
liquidity solutions help eliminate barriers and give mutual fund
managers greater flexibility and control by optimizing cash and
trading strategies to reduce costs and minimize taxable events while
allowing them to focus on implementing their portfolio strategy.
Knight Capital Group is one of several stakeholders in the company.
The Securities and Exchange Commission issued a No-Action Letter on
July 15, 2002 in response to ReFlow’s unique solutions.
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