Tue, Jan 16, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge Fund Firm Covenant Financial Services Reborn as Covenant Global Investors

Thursday, January 26, 2012
Opalesque Industry Update — Oklahoma City-based Investment Manager Changes Name to Covenant Global Investors, AUM Grows to $320 Million

Covenant Financial Services, LLC (“Covenant Investors”), the management company for the Covenant family of target-return, global macro hedge funds and separately managed accounts, announced today it has changed its trade name to “Covenant Global Investors.”

The change was made to better reflect the firm’s current position in the market and the completion of its evolution from a boutique advisory firm started in 1984 to the $320 million AUM global macro investment manager that it is today.

Over the past year, as Covenant Global Investors has expanded its focus from high net worth investors to include institutions and as its assets have grown to approximately $320 million, it wanted to emphasize the firm’s global macro, target-return strategy where investors risk preferences are matched with funds and separate accounts that strive to deliver returns within a targeted range, regardless of market conditions.

The term “global” is also deliberate, as Covenant Global Investors explores investment opportunities anywhere in the universe of assets in its quest to deliver alpha. The one word that the firm never considered changing was the first and most defining in their brand, “Covenant.”

“We’re wired differently at Covenant,” said Steve Shafer, CIO and Portfolio Manager of Covenant Global Investors. “Because of the firm’s history as a private wealth manager and our fiduciary responsibility to our clients, we have an uncommonly strong relationship with our investors – whom we call ‘partners’. This covenant with our investors is the defining feature of our corporate DNA and the reason that we continue to keep that word front and center in our branding.”

The name change took effect on January 1st, 2012. The firm’s website, www.CovenantInvestors.com will remain the same.

(press release)

Covenant Global Investors is an opportunistic, multi-strategy/multi-asset global macro investment firm. As a fiduciary for institutions and high net worth individuals, Covenant Global Investors strives to preserve capital and generate targeted rates of return in a risk-controlled and consistent manner with a high degree of liquidity. Its investment management is notable for its forward-looking, highly active and tactical style. Covenant Global Investors believes in maintaining strong client relationships by placing an emphasis on professionalism, integrity, and trust. www.CovenantInvestors.com

BG

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. U.S. economy, inflation and alternative investments to dominate 2018 markets, says family office Wilmington Trust[more]

    Komfie Manalo, Opalesque Asia: The emergence of a late-cycle economy in the U.S., the mystery of inflation and growth from a domestic and global perspective, and the potential for alternative investments to prosper against a backdrop of rich valuations, low yields, and higher volatility are the t

  2. Performance - Some hedge funds deliver double-digit gains for 2017, Brevan Howard's hedge fund suffers biggest annual loss in 2017, Crispin Odey's flagship hedge fund plummeted about 20% in 2017, Profits fall 90% at ex-Morgan Stanley banker's hedge fund, Fannie-Freddie overhaul might mint hedge fund riches, losses[more]

    Some hedge funds deliver double-digit gains for 2017 From Reuters/Investing.com: A handful of hedge funds ended 2017 with double digit returns, their investors said, at a time the $3 trillion industry took in fresh money and posted its best returns in years, industry data show. Act

  3. Investing - Hedge funds start 2018 with record $19 billion bet on the euro, Hedge fund Kora Management invests in Satin Creditcare[more]

    Hedge funds start 2018 with record $19 billion bet on the euro From Reuters.com: Hedge funds have kicked off 2018 with their biggest bet ever on the euro rising, a clear vote of confidence in the single currency but, with positioning so stretched, one which could backfire in the near ter

  4. News Briefs - Mobius to retire from Franklin Templeton, Authorities decrypt smart phone of Princeton grad charged with killing Manhattan hedge fund dad, Investigators seize (more) antiques from hedge-fund billionaire Michael Steinhardt's collection[more]

    Mobius to retire from Franklin Templeton Emerging markets pioneer Mark Mobius will be stepping down as executive chairman of the Templeton Emerging Markets Group (TEMG) and formally retire from Franklin Templeton on 31 January. He will also be relinquishing his post as portfolio manager

  5. Comment - Seeding arrangements: Structure, approach, and the current market[more]

    From international law firm K&L Gates: Private fund growth has exploded over the last several years. While some areas are hotter than others, overall the industry has seen substantial growth. Existing managers have been able to launch larger funds and new managers have been able to successfully ente