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Welton Wins Systematic Equity Fund of 2015

April 13, 2016 - Carmel, California - Welton Investment Partners, a leading U.S.-based quantitative multi-strategy investment manager, won the prestigious “Systematic Equity Fund of 2015” award for the firm’s Global Quantitative Equity Portfolio (“QEP”) program. Welton’s selection was announced at the Investors Choice Awards Americas ceremony at the Plaza Hotel in New York on April 12. Full list of winners available here.

“We are extremely honored to receive this award for our newest strategy,” said Dr. Patrick Welton, CEO and Chief Investment Officer.  “This is especially gratifying because the independent judges included some of the most established institutional investors around the world, and their evaluation was based on not only quantitative performance but also qualitative criteria such as investment process, risk management, and team depth.” 

Read the full press release here.

 

 

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Lightyear Capital LLC Announces Sale of Clarion Partners to Legg Mason

January 22, 2016, via Business Wire:

Lightyear Capital LLC, a New York-based private equity firm focused on financial services investing, today announced the sale of Clarion Partners Holdings LLC, a real estate investment firm, to Legg Mason, Inc. (NYSE:LM), a global asset management firm. The transaction is subject to customary regulatory and other approvals and is expected to close in the second quarter of 2016.

Founded in 1982, Clarion Partners is an SEC registered investment adviser and FINRA member firm, headquartered in New York. It has broad market reach in the Americas, with more than 280 employees in major markets throughout the U.S., Sao Paulo, Brazil and London, England. With assets under management of approximately $40 billion, Clarion Partners manages private equity real estate across a broad range of products and strategies for 200 domestic and international institutional investors. The entire senior Clarion Partners management team will remain invested with the firm. Legg Mason will use Clarion Partners as their primary global real estate investment management platform and brand going forward.

Read the full press release on Business Wire.

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Credit Sesame Raises $16 Million

From TechCrunch:

Personal finance company Credit Sesame is announcing today that it has raised an additional $16 million in an oversubscribed Series D round of funding, with plans to raise more – as much as $20 million – in the near future. The company, a prior TechCrunch Disrupt Battlefield participant, was one of the first to market with solutions that allow consumers to monitor their credit and score, protect themselves against identity theft, and reduce their debt through credit and loan management services.

The new round was led by Syncora Alternative Investments, with IA Capital Partners as its advisor, and also included participation from investors Menlo Ventures, IA Capital, Globespan Capital, Inventus Capital, and other high-profile angels. This brings Credit Sesame’s total raise to date to over $35 million.

While many in the personal finance space have focused on helping people manage their money and investments, Credit Sesame has instead targeted the liability side of the balance sheet, explains CEO Adrian Nazari. That has put it in competition with others offering consumer debt management or credit monitoring, like Credit Karma or ReadyForZero, for example.

Read the full press release on TechCrunch here

 

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FolioMetrix and American Independence Announce Merger

May 12, 2015 , via American Independence: 

FolioMetrix LLC will merge with American Independence Financial Services, LLC (AIF) to create a new company, RiskX Investments, LLC, offering an array of risk-intelligent investment solutions. The transaction is expected to close in September 2015. Deal terms were not disclosed.

RiskX Investments will manage, post-merger, approximately $1.1 billion in funds and separately managed accounts, comprised of the American Independence Funds (single-manager sub-advised funds and separately managed accounts) and the FolioMetrix Rx Fund Series (multi-strategy tactical mutual funds).

American Independence Funds offer exposure to select sub-advisors of equity, fixed income, international, and risked-managed portfolios. The AIF management team averages over 25 years of experience building and distributing investment solutions to the financial industry. 

"The decision to merge with FolioMetrix was an easy one to make. Its team shares our dedication to continuously seeking new ways to deliver better investment outcomes during any market conditions," said John J. Pileggi, Managing Partner of American Independence, who will become CEO of RiskX Investments. "We are eager to join forces and deliver a wide array of risk-intelligent products to the marketplace as partners in RiskX Investments."

Read the full press release on American Independence's website

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