A Philadelphia-area hedge fund of funds shop and high net worth wealth management specialist just swapped subadvisors on its long-short mutual fund.
| Bill Noonan|
Contravisory Investment Management
President, Chief Executive Officer
Earlier this month Blue Bell, Pennsylvania-based Persimmon Capital Management revealed
in a filing that it was removing Contravisory Investment Management
as a subadvisor to the Persimmon Long/Short Fund
. The fund, which will be three years old on December 31, has $29.7 million in AUM
could not immediately reach Contravisory president and CEO Bill Noonan
for comment on the change. Contravisory is based south of Boston in Norwell, Massachusetts.
, founder and managing partner at Persimmon
, confirms that they replaced Contravisory with Infinitas Capital
. Ken Cavazzi
, PM and managing member at New York-based Infinitas, declined to comment on the win.
The fund also includes three other subadvisors: Caerus Global Investors, ISF Management, and Weatherbie Capital.
Stay ahead of the news ... Sign up for our email alerts now