Sat, Feb 25, 2017
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. Legal - Fannie, Freddie shares dive after U.S. appeals court ruling[more]

    From Reuters.com: Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts. By a

  2. Institutional investors plan to raise allocations to alternative assets in 2017[more]

    Komfie Manalo, Opalesque Asia: A survey by Context Summits Miami showed that nearly 72% of institutional investors and family offices plan to raise their allocations to alternative asset managers this year, suggesting continued strong demand for the industry. "As many large, brand name f

  3. Comment - Mortgages, mergers and hedge fund fees, Fairholme's Berkowitz responds to court ruling against hedge fund suits of Fannie Mae[more]

    Mortgages, mergers and hedge fund fees From Bloomberg.com: Yesterday the U.S. Court of Appeals for the D.C. Circuit handed down an odd decision in a lawsuit over the government's nationalization of Fannie Mae and Freddie Mac. The key issue is what's called the "Third Amendment," the 2012

  4. Investing - Hedge funds continue to chase the herd in record Momentum wager, Marshall Wace bets grocer Sainsbury may need rights offering, Hedge fund net exposure has started to retreat, David Tepper's Appaloosa fund makes a huge buy, The 10,000-mile journey to Short Australia, Skeptical hedge fund investors grill Evan Spiegel about Snap's I.P.O.[more]

    Hedge funds continue to chase the herd in record Momentum wager From Bloomberg.com: Hedge funds can't get enough of momentum - even if it means embracing an investing strategy they hate. Loosely defined as betting on shares that went up the fastest over the preceding nine-to-12 months, h

  5. Opalesque Exclusive: Swiss investors take fund seeding and acceleration into their own hands[more]

    Benedicte Gravrand, Opalesque Geneva: Banque Bonhote, a 200-year old Swiss private bank, last year launched a community of investors - heads of Swiss family and advisory offices and wealth managers - with the aim of co-investing in the kind of managers they wanted to invest in, either by way of s