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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."

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