Sun, Apr 19, 2015
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. Studies - Fund managers bullish on equities, alternative asset classes, Hedge funds starting to spurn emerging markets, Insurance companies take aggressive approach to hedge funds despite restricted exposure[more]

    Fund managers bullish on equities, alternative asset classes From Benefitnews.co: Asset allocation and risk continue to be the top issues for institutional investors in 2015 and, while nobody is sure what the economy will do in 2015, investment fund managers remain positive about investm

  2. Investing - New hedge fund strategy: Dispute the patent, short the stock, David Einhorn bets on AerCap as leasing company avoids turbulence, Top hedge funds reveal these best investing ideas, Hedge funds bet big on PetSmart price bump, Victory Park Capital increases investment in upstart to $500m[more]

    New hedge fund strategy: Dispute the patent, short the stock From WSJ.com: A well-known hedge-fund manager is taking a novel approach to making money: filing and publicizing patent challenges against pharmaceutical companies while also betting against their shares. Kyle Bass, head of Hay

  3. Tiger Global falls 2.9% in March, down 5.3% in Q1[more]

    From Reuters.com: Investment firm Tiger Global Management, one of the hedge fund industry's most closely watched players, told clients that its hedge fund lost 5.3 percent during the first quarter, an investor said on Wednesday. Much of the decline came in March when the fund lost 2.9 percent,

  4. It’s not just hedge funds—IMF study finds stability risks from ‘vanilla’ funds[more]

    From MarketWatch.com: Leveraged hedge funds and banklike money-market funds are the parts of the asset-management industry most associated with risks to financial stability. But a report from the International Monetary Fund suggests that “plain-vanilla” mutual funds and exchange-traded funds also ca

  5. Hedge funds gain 2.4% in Q1 driven by currency and commodity markets[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted positive results last March to conclude a strong first quarter, with performance driven by strong macro trends in currency and commodity markets, complemented by broad-based gains and positioning in event driven, equity hedge and fixed income-b

 

banner