A Boutique Manager Group Raises Its AUM by 40 Percent
Reported by Tommy Fernandez
Montage Investments [profile] yesterday reported that assets at the firm’s affiliated investment managers increased from $9 billion to more than $13 billion in 2012, following $2 billion of growth in 2011.
This past December, Montage announced that Fountain Capital Management and Giralda Advisors joined its family of 13 managers, bringing additional expertise in the areas of high-yield bond, bank loans, and risk-managed equities. At the end of the year, the Montage family was comprised of 15 asset managers, offering six mutual funds among other investment products.
To support its growing family of asset managers, Montage welcomed 20-year industry veteran Jason McElwee as managing director, national sales. In addition, Montage plans to add six sales professionals to its Leawood, Kansas-based distribution support team in the first quarter. In all, Montage expects to employ a distribution team of 40 by the end of the quarter. This team will focus on sales and serve as a resource to the nearly 200 associates employed across the firm’s various asset management affiliates.
Company Press Release
Rapid growth illustrates a need among financial advisors for boutique asset managers
with a focus on alternative investments
Leawood, Kan. – January 22, 2013 – Montage Investments today reported that assets at the firm’s affiliated investment managers increased from $9 billion to more than $13 billion in 2012, following $2 billion of growth in 2011.
This past December, Montage announced that Fountain Capital Management and Giralda Advisors joined its family of 13 managers, bringing additional expertise in the areas of high-yield bond, bank loans, and risk-managed equities. At the end of the year, the Montage family was comprised of 15 asset managers, offering six mutual funds, seven closed-end funds, as well as separately managed accounts, limited partnerships and customized investment solutions.
“Montage brings together a diverse group of boutique asset managers that have historically only been available to pension funds, family offices, endowments and large institutions,” said Gary P. Henson, CFA, CFP®, president and chief investment officer of Montage Investments. “Over the past few years, as we saw a dramatic increase in correlations among most asset classes, we also saw increased demand for active, alternative investment strategies with a focus on reducing correlations and downside risk. At Montage, our goal has always been to provide advisors with innovative, relevant solutions to help solve their challenges. To that end, we strive to provide strategies that position advisors and their clients for success in various market environments.”
To support its growing family of asset managers, Montage welcomed 20-year industry veteran Jason McElwee as managing director, national sales. In addition, Montage plans to add six sales professionals to its Leawood, Kansas-based distribution support team in the first quarter. In all, Montage expects to employ a distribution team of 40 by the end of the quarter. This team will focus on sales and serve as a resource to the nearly 200 associates employed across the firm’s various asset management affiliates.
About Montage Investments
Montage Investments brings together a unique group of institutional investment managers – each offering a distinct approach to money management that reflects many decades of professional experience and proprietary investment strategies across global asset classes. Collectively, the Montage affiliates manage more than $13 billion, including over $1 billion in six mutual funds. The firm’s organizational approach is to allow individual investment managers to retain boutique processes, talent and culture with a goal of adding value to portfolios, while at all times meeting client objectives. Visit www.montageinvestments.com.
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