Thu, Aug 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Continuum Investment Management, L.P. announces strategic partnership with Grosvenor Capital Management; receives $85M seed capital

Tuesday, January 22, 2013
Opalesque Industry Update: Continuum Investment Management, an asset management firm focused on investing in the structured fixed income market, today announced a strategic partnership with Grosvenor Capital Management, one of the oldest and largest global alternative investment managers with over $22 billion in assets under management. The Continuum deal is the third strategic partnership entered into by Grosvenor since it launched its current Emerging Manager program at the beginning of 2012.

Continuum Investment Management was founded by Kevin Scherer, a former Managing Director and Senior Portfolio Manager at Citadel LLC. Prior to working at Citadel, Mr. Scherer co-founded The Midway Group LP, a mortgage-focused hedge fund, in 2000 and spent 8 years with the firm. Continuum seeks to capitalize on prepayment and credit-centric market opportunities across residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), and other asset-backed securities (ABS). Mr. Scherer is well positioned to take advantage of these investment opportunities given his 20+ years of experience as a securitized products investor. Mr. Scherer has been joined at Continuum by a team of his colleagues from Citadel LLC including Senior Portfolio Manager Brian McDonald, Chief Technology Officer Jimmy Rizos, and Head of Research and Development Dr. Stephen Cameron, as well as Chief Operating Officer Greg Scarffe from Credit Suisse Prime Services.

Commenting on the agreement, Scherer said: "Our integrated multi-strategy platform and experienced team offers investors a single point of entry to a broad opportunity set in securitized products investing. We are excited about our strategic partnership with Grosvenor Capital Management, and look forward to producing attractive returns for our investors."

Press Release

BM

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. Opalesque Exclusive: Algorithms platform aims to target typical challenges found in quantitative hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: Last month, Quantopian received investments from Point72 Ventures, the new venture capital arm of Steven Cohen’s Point72 Asset Management.

  2. LatAm hedge funds surge in 1H to +24.4%, emerging markets assets rise[more]

    Komfie Manalo, Opalesque Asia: Hedge funds investing in Latin America posted strong gains through mid-2016, reversing declines in four of the past five years, including the last three years, to lead all areas of hedge fund performance through the first half of 2016, according to the latest HFR Em

  3. Asia - LGT Capital Partners: Alternatives set for continued rise in Asia[more]

    From Asianinvestor.net: More flows are likely into insurance-linked strategies, private equity and trend-following strategies/CTAs, given the benefits of such investments, argues LGT Capital Partners. Despite the numerous quantitative easing programs and bailouts of recent years, the quest for

  4. Opalesque Roundtable: Low and high fee investments often better than mid fee hedge funds[more]

    Komfie Manalo, Opalesque Asia: Hedge funds that charge the low and high fees stuff often provide better returns than "those sort of mid-fee investments", said Keith Haydon, chief investment officer of Man FRM. (Alternative) investment managers who charge high fees would often provide the most int

  5. Hedge fund investors pull $5.7 billion in July[more]

    From Bloomberg.com: Hedge funds suffered a third consecutive month of outflows in July as investors withdrew $5.7 billion, according to industry tracker Eurekahedge. Redemptions totaled $20.7 billion in the three months through July, with money managers betting on equities suffering $18.4 bill