|
|
Kirsten Bischoff, Opalesque New York: In the first of what will soon be several announcements regarding strategic partnerships with hedge funds, private equities, real estate and real assets, Phil Duff of Duff Capital Advisors spoke to Opalesque about his new partnership with Tom McAuley’s $1 bln firm NorthSound.
McAuley runs a classic, fundamentals driven, bottom up, equity long/short strategy, with a portfolio management team of 13 analysts who focus on 5 industry sectors. Duff has known McAuley (both are Tiger Management alum) since the 1990s, and the strength of the NorthSound approach to investing is what drove Duff Capital to seek out the partnership. “Part of our business model is to partner with investment talent over a wide range of skill based strategies; where the bulk of the return is a result of the skill of the team, and their process as opposed to a directional move in the markets,” Duff said.
NorthSound is an established firm with a strong business infrastructure. The firm has approximately $1bln assets under management, which is being folded into Duff Capital Advisors along with the entire investment and infrastructure teams. With the additional resources of Duff Capital, McAuley and his investment team will focus primarily on running the Fund strategy. “We have structured this so that the investment team will retain a high degree of independence and autonomy in regards to how they run their strateg...................... To view our full article Click here
|
|
RSS
