A Philadelphia-area hedge fund of funds shop and high net worth wealth management specialist just swapped subadvisors on its long-short mutual fund.

Bill Noonan Contravisory Investment Management President, Chief Executive Officer

Earlier this month Blue Bell, Pennsylvania-based Persimmon Capital Management revealed in a filing that it was removing Contravisory Investment Management as a subadvisor to the Persimmon Long/Short Fund. The fund, which will be three years old on December 31, has $29.7 million in AUM.

MFWire could not immediately reach Contravisory president and CEO Bill Noonan for comment on the change. Contravisory is based south of Boston in Norwell, Massachusetts.

Greg Horn, founder and managing partner at Persimmon, confirms that they replaced Contravisory with Infinitas Capital. Ken Cavazzi, PM and managing member at New York-based Infinitas, declined to comment on the win.

The fund also includes three other subadvisors: Caerus Global Investors, ISF Management, and Weatherbie Capital. 

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