A Multi-Boutique Brings in Three Distribution Chiefs
Reported by Neil Anderson, Managing Editor
Montage Investments [see profile] just hired a trio of top distribution executives. Today the $8-billion-AUM, Leawood, Kansas-based multi-boutique revealed the addition of David Henrisken as head of distribution, Anthony Carrubba as national sales manager and Jenny Rhodus as director of national accounts.
Henriksen previously worked in portfolio management and product development at Tortoise Capital Advisors, a Montage boutique with about $6.6 billion in assets under management, before working on distribution efforts for Tortoise, a role he's now expanding to encompass all of Montage's boutiques. Carrubba and Rhodus hail from Ivy Funds, where they served as vice president of strategic accounts (overseeing RIA and retirement distribution) and national director of the RIA channel, respectively. The MFWire.com could not immediately reach a spokesperson for Ivy on how Carruba's and Rhodus' duties are being handled.
Montage president and chief investment officer Gary Henson directly connected the hirings to the fact that several of its boutiques -- Convergence Investment Partners, Nuance Investments, Palmer Square Capital Management and Tortoise -- have recently entered the mutual fund business [see The MFWire.com, 5/19/2011 and 6/1/2011].
"As we continue to launch new products, it is vital that we offer top-notch distribution support to the financial intermediaries we serve," Henson stated.
Company Press Release
LEAWOOD, Kan., June 30, 2011 -- Montage Investments, a diverse group of boutique asset managers with approximately $8 billion in assets under management, today announced the appointment of a highly experienced executive team that will lead the firm's distribution efforts. David Henriksen, head of distribution, Anthony Carrubba, national sales manager, and Jenny Rhodus, director of national accounts, joined the firm recently and will lead the team of 17 professionals in providing wholesaling support to financial advisors, institutions and consultants.
The formation of this new executive team corresponds with the recent launch of several mutual funds from Montage affiliates, including new funds from Palmer Square Capital Management, Tortoise Capital Advisors, Nuance Investments and Convergence Investment Partners.
"The addition of these seasoned professionals demonstrates that we are committed to building, developing and managing broad distribution efforts for our asset managers, allowing them to focus on what they do best – which is manage money," said Gary P. Henson, president and chief investment officer of Montage Investments. "As we continue to launch new products, it is vital that we offer top-notch distribution support to the financial intermediaries we serve."
More about David Henriksen
As head of distribution, David Henriksen brings more than 30 years of experience to the firm. He joined from Tortoise Capital Advisors, one of the Montage affiliates, where his responsibilities included portfolio management and product development. Prior to his work at Tortoise, Henriksen held several positions with Great Plains Energy, where he served as vice president of strategy and investor relations. Earlier in his career, Henriksen held corporate development and M&A positions with various firms, including Koch Industries and CGF Industries.
More about Anthony Carrubba
Anthony Carrubba has 24 years of experience in financial services industry leadership, including sales, marketing and product development. Most recently, Carrubba was with Ivy Funds for 10 years, as Vice President of Strategic Accounts overseeing Ivy's RIA and Retirement distribution efforts. Prior to joining Ivy Funds, Carrubba was with Prudential Investments, where he was responsible for management and product development for mutual fund and separate account fee-based programs.
More about Jenny Rhodus
Jenny Rhodus, the firm's new director of national accounts, brings 11 years of investment industry sales, marketing and leadership experience to her role. Prior to joining, Rhodus was national director of the RIA channel for Ivy Funds, where she was responsible for sales team leadership, strategic planning and new market development. She has also held the position of national accounts manager, serving the wirehouse, RIA and retirement channels.
About Montage Investments
Montage Investments brings together a diverse group of institutional investment managers – each offering a distinct approach to money management that reflects many decades of professional experience and proprietary investment strategies across global asset classes. Currently managing over $8 billion for institutions and high-net worth clients, the firm's structure allows individual investment managers to retain boutique processes, talents and cultures that the firm believes have demonstrated abilities of adding value to portfolios and meeting client objectives. Visit www.montageinvestments.com.
About Palmer Square Capital Management
Palmer Square Capital Management LLC provides investment advisory services and proprietary funds focused specifically on alternative investments. The team not only has years of experience investing in alternative investments such as hedge funds and private equity funds, but also deep experience managing capital in equity and credit-related hedge fund strategies, risk management and derivatives. Palmer Square believes the inclusion of alternative investments can allow investors a greater level of portfolio diversification and, when added to traditional investments, potentially increase returns while reducing overall risk. Visit www.palmersquarecap.com.
About Tortoise Capital Advisors
Tortoise Capital Advisors is an investment manager specializing in listed energy infrastructure investments. Tortoise is considered a pioneer in managing portfolios of MLP securities and other energy companies for individual, institutional and closed-end fund investors. As of May 31, 2011, Tortoise had approximately $6.6 billion in assets under management in six NYSE-listed investment companies and private accounts. Visit www.tortoiseadvisors.com.
About Nuance Investments
Nuance Investments is a world-class value investment firm that was formed on the belief that the ability to outperform the broad stock market is predicated on a consistent and disciplined value investing approach. Nuance applies a classic value approach to identify leading business franchises selling at a discount to fair value that have the potential to generate excess returns over time. The Nuance investment team's sole focus is on generating investment returns for clients by diligently reviewing one company at a time on its own investment merits. Visit www.nuanceinvestments.com.
About Convergence Investment Partners
Convergence Investment Partners' unique proprietary dynamic model is considered to be on the leading edge of quantitative management. The investment process is designed to not only identify and measure value in the market, but also to recognize and adjust to investor bias' and variables related to behavioral tendencies. Convergence believes that its quantitative processes greatly improve its ability to collect, assimilate, and apply a staggering amount of data to the investment decision process, thereby creating exploitable opportunities in an otherwise efficient marketplace. Visit www.investcip.com.