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

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

Rating:A Tennessee Fund Firm Buys a New Jersey Subadvisor Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, December 10, 2014

A Tennessee Fund Firm Buys a New Jersey Subadvisor

Reported by Neil Anderson, Managing Editor

A Tennessee mutual fund shop is buying a subadvisor in New Jersey.

Today Mike West, senior partner and CEO at BPV Capital Management [profile], confirms that the Knoxville, Tennessee-based mutual fund shop has acquired Shrewsbury, New Jersey-based Skyview Investment Advisors. The terms of the deal were not disclosed.

Skyview does not run its own mutual funds, but it has subadvised two funds -- the Orinda Skyview Multi-Manager Hedged Equity Fund and the Orinda Skyview Macro Opportunities Fund -- for Orinda, California-based Orinda Asset Management. Frank Gregory, chief distribution officer for BPV, confirms that Skyview stopped subadvising the two Orinda funds on Monday.

As for BPV, it offers four mutual funds of its own.

Thanks to the deal, BPV will now have a six-person investing team in New Jersey, led by Skyview managing partner and chief investment officer Steve Turi. And Andrew Melnick, Skyview's chief compliance officer and investment strategist (also a managing partner) will become BPV's chief investment strategist.

"It's a perfect fit," West states. "We're growing rapidly thanks to our marketing and distribution expertise. However, now we have the opportunity to really build out our investment capacity. To achieve our strategic growth plan, we need more people who analyze and think the way we do, and the team at Skyview does just that."

Gregory tells MFWire that the Skyview team will serve as BPV's "internal CIO" (i.e. chief investment officer).

"They will help identify, monitor and implement subadvised portfolios, as well as potentially build portfolios in-house," Gregory says. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
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
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use