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Bailey McCann, Opalesque New York: The Boston Company Asset Management, a boutique of BNY Mellon, has launched two new strategies aimed at institutional investors. One vehicle will be an energy infrastructure strategy that utilizes master limited partnerships and the other will be an event-driven absolute return strategy. The team that founded Pine Cobble Capital will join Boston Company to manage the strategies, along with their existing strategies and assets.
The energy infrastructure strategy invests primarily in companies that own and operate midstream assets, such as pipelines, terminals and processing facilities, which have long useful lives and offer attractive rates of return. The strategy focuses on generating total returns through a combination of current yield, distribution growth, and the identification of catalysts that could affect cash flow and market perception.
The event-driven strategy invests in a concentrated number of long and short positions with potential value drivers such as financial or corporate structure changes, operational restructurings, mergers and acquisitions or special situations. This strategy is focused primarily on U.S. small and mid-capitalization equities and also opportunistically invests across the capital structure in corporate credit securities.
The two strategies are managed by Robert A. Nicholson and Zev D. Nijensohn, who joined TBCAM in November, 2014, as senior managing directors and senior portfolio man...................... To view our full article Click here
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