Sun, May 1, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n