Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Victory Buys Into Smart Beta Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, December 01, 2014

Victory Buys Into Smart Beta

Reported by Neil Anderson, Managing Editor

David Brown and his team at Victory [profile] are making another acquisition.

Today Brown, chairman and CEO of Cleveland, Ohio-based Victory Capital Management, unveiled a deal to buy Brentwood, Tennessee-based smart beta shop Compass Efficient Model Portfolios (Compass EMP) [profile]. The deal is slated to close in the second quarter of 2015.

The pricing and terms of the deal were not disclosed.

"Investors are increasingly looking for strategies that provide better risk-adjusted returns than traditional cap-weighted indexes and Compass EMP has been at the forefront of understanding and responding to this trend," Brown states.

Compass manages nearly $1 billion as of October 31. Its product suite includes 16 mutual funds and five ETFs (which track indexes created by the shop's founders). Victory manages about $36 billion and offers 29 mutual funds. Compass will fit into Victory's multi-boutique model.

Stephen Hammers and David Moore co-founded Compass. Victory confirms that Hammers will continue to serve as Compass' chief investment officer.

The Compass deal comes a month after Victory closed on its purchase of Munder Capital Management. Private equity shop Crestview Partners backs Victory. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

5.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use