Wellington Management has announced the strategic expansion of its Alternative Investments platform through the hiring of the investment team of Shelter Haven Capital Management.
Founded in 2017 by Jerry Kochanski, an experienced alternatives portfolio manager, Shelter Haven is a market neutral, long/short equity manager that primarily focuses on small and mid-cap companies in the technology, media, telecom and consumer sectors, the asset manager revealed in a press release.
The boutique currently oversees around 350 million dollars in client assets across separate accounts and commingled funds. Its team of five investment professionals includes Hedge Fund Analysts Ross Hammer and Michael Yuan, and Research Associates Julia Karl and Alan Zhang, who will all be joining Kochanski at Wellington on 1 March. They will continue to manage the same market neutral, highly idiosyncratic investment strategy at Wellington.
The strategy focuses on delivering returns that are uncorrelated with market betas, an approach that fits well with Wellington’s plans to expand its long/short platform and build out its suite of multi-strategy investment products and custom alternative solutions to meet increasing client demand for liquid alternatives.
“This exciting development represents a unique opportunity for Wellington to expand our alternatives capabilities with an experienced investment team and an established client base. The market neutral strategy also aligns well with our alternatives priorities and demand from our clients,” said Christopher Kirk, Senior Managing Director at Wellington Alternative Investments.
Meanwhile, Kochanski commented: “I am looking forward to returning to Wellington where I began my investment career in 2003 and served as an equity analyst until 2008. Joining Wellington offers current and future clients the opportunity to access a breadth of capabilities, and benefit from the firm’s substantial global research, operational, risk, legal and compliance infrastructure.”
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