Mon, Dec 22, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Copia Capital completes operational transition from FrontPoint Partners, launching market neutral equity product

Tuesday, July 13, 2010
Opalesque Industry Update – Copia Capital, LLC (“Copia”), a Chicago-based investment advisor, announced today that it has now completed the transition of operational responsibilities away from FrontPoint Partners LLC (“FrontPoint”), launching the firm with $520 million in assets under management. FrontPoint is a global asset management firm specializing in absolute return strategies.

Since 2002, Copia has enjoyed a long and productive relationship with FrontPoint, having acted as investment advisor for FrontPoint’s utility and energy exposures. FrontPoint will remain a strategic investor with Copia, as Copia will continue to manage assets for FrontPoint.

The launch completes Copia’s transformation into an independent, full-service investment advisor. As part of this development, the firm has broadened equity ownership among its partners. Copia’s new status has also allowed it to design and implement a robust proprietary research management system that enables the firm’s process-driven investment strategy.

"Now is an opportune time for Copia to launch as an institutional-quality investment advisor,” said Tim Flannery, Managing Partner and Founder of Copia. “We believe the rapidly changing energy regulatory environment, structural and technological developments and sector inefficiencies will create unprecedented investment opportunities from which Copia’s investors can profit.”

Prior to founding Copia in 2002, Tim Flannery was a portfolio manager at Trove Partners, a utility and energy investment partnership in Chicago, where he, in conjunction with George Shiau, another Copia Partner, developed the strategy for and managed the Trove Market Neutral product. Prior to Trove, Mr. Flannery was a consultant with Metzler & Associates, which specialized in strategic and operational advice to the deregulating electric and gas utility sector. With a proven track record at both Trove and FrontPoint, Mr. Flannery is now introducing Copia as an independent investment advisor.

Copia manages a market-neutral equity strategy that invests across multiple sectors in the energy value chain, including energy, utility, material and industrial companies. The firm has developed a distinctive investment process that combines rich sector knowledge, statistical analysis and dynamic risk analysis.

Copia’s senior investment team has worked together on Copia/FrontPoint strategies for more than eight years.

Since mid-2008, Copia has been adding partners and employees to build out and support the evolution of the firm. Recently, Graham Cook joined Copia as a partner, responsible for strengthening and cultivating relationships with current and new investors. Mr. Cook was previously Chief Marketing Officer of Whitebox Advisors, a Minneapolis alternative investment management firm. Other new Copia partners include Daniel Bookstaber, who is the architect and developer of Copia’s research management systems, and David Pritsker, chief financial officer. Prior to joining Copia, Mr. Bookstaber was a research analyst with AQR Capital Management. Mr. Pritsker held CFO roles at Magnetar Capital and UBS O’Connor.


Copia Capital is an alternative investment management firm founded in May 2002 by Tim Flannery. The firm joined with FrontPoint Partners in August 2002 to serve as investment advisor for the FrontPoint Utility and Energy product. Since its inception, Copia has developed a distinctive investment process and has built a long track record differentiated by uncorrelated risk adjusted returns within the energy value chain. Copia is based in Chicago.

Corporate website: Source


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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und