Sun, Sep 19, 2021
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Advent Capital hires chief of staff to expand investment solutions

Tuesday, May 23, 2017
Opalesque Industry Update - Advent Capital Management, an investment management firm with approximately $9 billion in assets under management and founded in 1995, announced today that Scott Reid has joined the firm in the newly created position of Chief of Staff and Strategy.

Based in New York, Scott reports to Tracy Maitland, President. He is responsible for implementing synergistic strategies to further enhance the quality of all current and new investment strategies and ensure that Advent continues to maintain a world class investment platform. Advent's new investment initiatives will leverage the firm's core expertise and institutional platform while also developing and introducing innovative, value added solutions that will seek to offer structural alpha and positive asymmetry.

"Given the rapidly evolving asset management industry, it's important to face challenges and resulting opportunities head on and with the best talent available," said Tracy. "Scott has a proven track record of adding value to his clients and we are confident he will help optimize our current strategies while also introducing innovative solutions in both the public and private markets."

Scott brings a diverse asset management background to Advent, particularly in alternatives. Most recently, he served as a senior advisor to Thayer Street Partners, an early stage private growth capital firm. Prior to Thayer Street, he was President of One East Partners where he was responsible for the business development and operational activities of the firm. Scott also spent 10 years as a Managing Director and Partner at Auda International where he led the firm's hedge fund group and served as a member of the senior management committee. During his time at Auda, the firm experienced a period of significant productive growth while it introduced innovative value added solutions that met the requested return, risk and structural demands of its institutional and private clients. Scott holds a BA in Foreign Affairs from the University of Virginia and an MA from the John Hopkins University School of Advanced International Studies.

"Scott brings the perspective of a seasoned allocator and a client-oriented approach which will further enhance our broad client experience," Tracy added.

Joining other recent key hires at Advent, Scott's announcement comes as the firm continues to strengthen its management, business development, and investor relations platform. As previously announced, Michael Cavanaugh joined the firm in December as Managing Director, focusing on institutional allocators. Most recently, Advent brought on Jonathan McEvoy as a Director in the Business Development Group, charged with enhancing and expanding platform relationships. Jonathan most recently served as Director at SkyBridge Capital in New York.

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. SPACs: The fall of the SPAC market has digital media companies in disagreement about best path forward, Cannae Holdings: SPAC bloodbath provides a good entry point, British car startup Cazoo raises $1bn from SPAC merger, Europe's incoming SPAC boom will create a demand for talent[more]

    The fall of the SPAC market has digital media companies in disagreement about best path forward From CNBC: The digital media industry has reached a strategic crossroads. Earlier this year, special purpose acquisition vehicles (SPACs) appeared to be the long-awaited savior of digital me

  2. Property: Real estate's new moneymaker is not design-driven, it's alternative, Two Sigma building quant tools to hunt real estate bargains[more]

    Real estate's new moneymaker is not design-driven, it's alternative From Forbes: There has been a recent shift of attention in the real estate market as to the types of investments which make the strongest returns. In the past, it's always been a combination of good design, prim

  3. PE/VC: Private equity GPs, LPs alike working on diversity and inclusion, Chinese regulator vows to crack down on private equity, venture capital funds, The VC playbook for portfolio companies: learning from the Covid-19 crisis[more]

    Private equity GPs, LPs alike working on diversity and inclusion From PIonline.com: Private equity general partners and limited partners are doing more to increase diversity in private markets, according to a report released Tuesday by the Institutional Limited Partners Association.

  4. PE/VC: Private equity continues to lead fund closings, Venture capital firms are fighting to throw money at cleantech[more]

    Private equity continues to lead fund closings From PIonline.com: Among private fund closings, private equity funds have led the pack starting in 2011, based on data collected by Pensions & Investments. During those years, private equity's share has ranged from 56% to 72% of the total

  5. PE/VC: Climate tech is hot, but VCs can't forget about water, Five top trusts to tap into the private equity boom[more]

    Climate tech is hot, but VCs can't forget about water From Crunch Base: "It is unequivocal that human influence has warmed the atmosphere, oceans, and land." These fiery words come from the latest landmark U.N. report detailing intensifying, universal climate change impacts. They cover