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Raylor Investments and Xplor Capital merge to support growing demand for dynamic global asset allocation

Thursday, August 18, 2011
Opalesque Industry Update - Raylor Investments LLC, a pioneer in managing strategic equity portfolios of Exchange Traded Funds (ETFs) announces a merger with its strategic partner Xplor Capital Management LLC, a global asset manager focused on dynamic risk allocation. The asset management businesses will retain their names in support of historic product domains, but will be combined under a holding company called Raylor Asset Management Group (Raylor). The business combination, including affiliated companies, will have assets under advisement of approximately $230 million, and will be launching a series of new investment product offerings that complement traditional asset class allocations.

The organization will be equally owned by Xplor's Damon L. Hart and John R. Annicelli, and RayLign Advisory LLC (Raylor Investments' prior majority owner). RayLign was founded by Gregory T. Rogers in 2004 to support his own family office activities, as well as deliver family and family business consultancy services related to "perpetuating well being for families across generations". Greg states that "from the beginning of our asset management partnership with Xplor in 2005, we knew we were ahead of an industry that was applying old tools to volatile global market conditions. Sharing an office location, as well as collective product successes and confirmed business opportunities, helped us determine that the time is right to realize our vision of business, investments and operations integration".

Greg will become Managing Partner for the business management of Raylor. Mssrs. Hart and Annicelli will also be Managing Partners with focus on Investments and Operations/Trading, respectively. Irene Mays will expand her role as Business Office Manager & Compliance Officer for the combined organization, while Lauris Lambergs will take advantage of the new product set to support his current responsibilities in sales and new business development.

Damon articulates his priorities for the business: "Investors have long sought after transparent, liquid, nimble and risk-aware portfolio strategies that can consider the broadest opportunity set, namely, global markets for equities, interest rates, currencies and commodities. The merger enables us to provide an array of portfolio strategies that can deliver on this imperative."

(press release)

Background
After over a decade developing global asset allocation solutions in the managed futures markets, that included a Partner role at leading CTA asset manager Millburn Corporation, Damon L. Hart founded Xplor Capital Management LLC in 2001 to build out the next generation of asset allocation and risk management tools, and apply them to the flexibility and liquidity offered by the futures markets. Experienced managed futures trader, John R. Annicelli, joined him in 2004 to share ownership of the business and add depth and leadership to the firm's operations. In 2005, Damon, John and Greg developed an asset management joint venture called Raylor Investments (the name combined "Ray" from RayLign and "lor" from Xplor). The company was designed to offer a unique value proposition - consultative business management services for Registered Investment Advisors and Family Offices, in conjunction with low cost, tax sensitive, defensive global equity portfolios of ETFs, using Xplor's risk engine. Today, Raylor Investments' portfolio strategies are available to be applied to separate accounts on a variety of custodial and broker/dealer platforms including Charles Schwab, Fidelity, Pershing, and TD Ameritrade.

Prior to founding RayLign Advisory LLC and Raylor Investments LLC in 2004, Greg served as Executive Vice President & Chief Operating Officer at publicly-traded asset manager John A. Levin & Co. with business oversight for $15 billion in assets across value equity and a series of hedge fund strategies. Previously, he was Managing Director at leading institutional investment consultant, RogersCasey, founded by his father Stephen Rogers. In addition to significant manager due diligence experience while at RogersCasey, he helped lead the development of a global strategic consulting practice that served leading investment manager organizations, and exists today as Casey, Quirk & Associates. He has an MBA from New York University's Stern School and a BA in Economics and Organizational Behavior from Brown University. Before founding Xplor, Damon served as Partner with responsibility for research and technology at The Millburn Corporation, a leading Commodity Trading Advisor (CTA) and Commodity Pool Operator (CPO). Damon holds a Master of Computer Science and BA in Chemical Physics summa cum laude from Rice University. John held several execution- and trading-related positions, including Manager of Trading at The Millburn Corporation. John has an MBA from New York University's Stern School, and a BSBA in Accounting from the University of Tulsa. Corporate website: Source
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