Wed, Oct 18, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

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
km

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad