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Rating:Healey Is a Casanova of Alts Shops Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 16, 2014

Healey Is a Casanova of Alts Shops

Reported by Tommy Fernandez

Did you know that famed lover Giacomo Girolamo Casanova once sold government bonds?

One could argue that ardent deal-maker Sean Healey of AMG is the Casanova of the fund industry, one who aggressively courts the alts set.

News broke Sunday that AMG was bidding $500 million for the 20 percent share of D.E. Shaw currently owned by the estate of Lehman Brothers.

But AMG has successfully wooed at least 14 other alts shops of various sizes and flavors. Not all are in mutual funds now, but that doesn't mean that will always be the case.

MFWire was able to scope out AMG's alts scene thanks to a lot of in-depth research by Morningstar senior research analyst Michelle Swartzentruber.

For example, AMG's alts retinue includes Artemis, ValueAct, J.M. Hartwell, Systematic Financial Management, Chicago Equity Portfolios and Third Avenue Management. None of these firms appear to do anything in mutual funds. Other non-'40 Act boutiques include BlueMountain, EIG, Pantheon, and Montrusco Bolton.

Three shops do advise '40 Act products. First Quadrant sub-advises the AMG FQ Global Alternatives Investor, among other funds that may not fall precisely in alts category. AQR manages at least seven such funds: AQR Long-Short Equity I;AQR Managed Futures Strategy HV I; AQR Managed Futures Strategy I; AQR Diversified Arbitrage I; AQR Global Macro I; AQR Multi-Strategy Alternative I, and AQR Style Premia Alternative I. Aston managed ASTON/Anchor Capital Enhanced Equity N; ASTON/Lake Partners LASSO Alternatives I, and ASTON/River Road Long-Short N.

This makes a total of 11 alts mutual funds, and counting. 

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