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Joseph has 24 years of investment, operating and marketing experience. Before joining PraXis, he served as the President of Zimmer Partners, a Long/Short equity manager focused on utilities and energy companies. Prior to that, he served as the Head of Marketing for Zimmer Lucas, a Long/Short equity energy manager. Joseph's experience also includes senior roles at Ivory Capital, a $4 billion AUM Long/Short equity manager, including serving as President.

PraXis Partners, recently re-named from CF Asset Management, is the investment manager of the CFP Equity Fund, a Long/Short equity fund focused primarily on the European utility and infrastructure sectors. As part of today’s announcement, the Fund is to be renamed the PraXis Utility and Infrastructure Equity Fund ("PraXis Fund"). The re-branding is designed to differentiate the PraXis Fund within the growing family of funds affiliated with its strategic partner, CF Partners and reflect the uniqueness of the team and the approach.

In 2015, the PraXis Fund, managed by Portfolio Manager and Head of Research Roland Vetter, returned 16% net against the European Utilities Index that returned negative 3.7%. Since its inception in 2012, the PraXis Fund has generated significant alpha, outperforming all relevant sector and market indices.

Commenting, Joseph J. DiMartino, President and Head of Strategy, PraXis Partners, said: “I am excited to be a joining such a talented group of industry specialists. PraXis is in a unique position, given its experience and industry expertise, to capture the exceptional market opportunities in the European utility and infrastructure sectors. By focusing on high value sectors it offers a distinct value proposition for investors.”

Providing strategic partnership to PraXis is London-based energy asset and risk management business, CF Partners. CF Partners provides its strategic partners with an anchor investment along with working capital and operational infrastructure to allow its affiliate managers to focus on delivering performance to investors.

Commenting, Thomas Rassmuson, Co-Founder of CF Partners, said: “Investors around the world continue to increase their allocations to specialized investment managers with a definable edge and proven track record, and as such we believe Praxis is particularly well positioned. Joseph, with his history of successfully building world-class firms, is the ideal person to enhance our ability to deliver for our clients and to capitalize on PraXis' proven record of performance and competitive advantage.